Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Question 33.13

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Question 33.13

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 9, 2020 at 9:59 pm #598944
    arahnsathananthan
    Participant
    • Topics: 64
    • Replies: 82
    • ☆☆

    Hi John

    I do not understand question 33.13. Why is the second journal incorrect ?

    Thanks again

    Arahn

    December 10, 2020 at 9:27 am #599021
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54805
    • ☆☆☆☆☆

    If you are referring to the BPP Revision Kit, then question 33.13 in the current edition does not mention any journal entries.

    December 10, 2020 at 2:14 pm #599094
    arahnsathananthan
    Participant
    • Topics: 64
    • Replies: 82
    • ☆☆

    Hi John

    Sorry my apologies. It is question 33.12. I hope you can help

    Arahn

    December 10, 2020 at 2:52 pm #599107
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54805
    • ☆☆☆☆☆

    Directors pay is an expense of the company and should therefore be debited to the remuneration account. If it has been paid then it would be credited to cash, but since it will not have been paid it is credited (not debited) to they accounts because it is owing to them.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.