• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

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

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

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

Journal Entries & Trial Balance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Journal Entries & Trial Balance

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 5, 2023 at 7:15 pm #687684
    Hassanx
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi,
    I hope someone can help me since I am struggling a little bit.
    I need to make a T Balance and I am unsure about the journal entries for the following. Can someone help please?

    1) Alpha paid £5,000 into the business bank account for 5,000 £1 ordinary shares.
    Beta paid £2,500 into the business bank account for 2,500 £1 ordinary shares.
    Gamma paid £2,500 into the business bank account for 2,500 £1 ordinary shares.

    2) Beta’s son loaned the company £10,000 with interests charged at 5% pa and paid
    annually in arrears

    3) Purchased on credit 7,000 widgets from FGH Ltd at £1 per widget
    Purchased up front 5,000 widgets from ILM Ltd at £0.25 per widget

    4) Purchased a van for £2,000 cash
    Purchased a second van for £5,000 on Hire Purchase, repayable in monthly instalments over 3 years, interest charge of £500 for the total period. The first payment was made on January and the interest charged on a straight-line basis.

    Thank you very much and sorry again for bothering.

    July 6, 2023 at 7:57 am #687696
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54749
    • ☆☆☆☆☆

    The entries for the first 3 are all explained in my free lectures. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.

    Item 4 concerning a hire purchase agreement is not examinable in Paper FA.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • HasoobBob on Civil Law, Common Law, Criminal Law – ACCA LW Global
  • thienan0110 on Basic group structures – SPLOCI introduction and example – ACCA (SBR) lectures
  • thienan0110 on Basic group structures – SPLOCI introduction and example – ACCA (SBR) lectures
  • John Moffat on Financial management objectives – ACCA Financial Management (FM)
  • basilahamed4 on Financial management objectives – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in