I have a question here. Why would we seperate Cash book into 2 parts like cash receipts book and cash payment book like in the last question in this tests. Isn’t it just cash book?
It is just the cash book, but in practice it is often two different people responsible for cash receipts and cash payments which is why there are often two books (or certainly there used to be before computers 馃檪 ).
Well done, but do make sure that you get a Revision Kit from one of the ACCA approved publishers. They have lots of questions to practice and it is vital to attempt lots of questions.
John, in regards to question 2, I don’t see anything or recall you mentioning remittance advice (or any of the other choices) in the notes or lectures. Although I think I understand the concept, (basically informing a supplier that a particular invoice for particular supplies has been paid, which is normally accompanied by the cheque or other payment form), are these and other terms embedded in the notes? I was just surprised to see the question.
Thanks! (I only saw the live lectures for chap 10)
OK – it is not mentioned in chapter 10. However it is listed on page 139 of the lecture notes (and having to do a little research makes you more likely to remember 馃檪 )
Wow it’s very useful.thanks
Thanks a lot,
I have a question here. Why would we seperate Cash book into 2 parts like cash receipts book and cash payment book like in the last question in this tests. Isn’t it just cash book?
It is just the cash book, but in practice it is often two different people responsible for cash receipts and cash payments which is why there are often two books (or certainly there used to be before computers 馃檪 ).
That was useful and I loved it, a 100% score on my first try.
Great 馃檪
smashed it 75 %
yassssssss 100%
yaaasss 100%
Well done, but do make sure that you get a Revision Kit from one of the ACCA approved publishers. They have lots of questions to practice and it is vital to attempt lots of questions.
I’ll do according to your instruction sir.
Great 馃檪
This is very useful, awakening and extremely important . Thank you so much team for this provision.
Thank you for your comment 馃檪
50 % 馃檪
John, in regards to question 2, I don’t see anything or recall you mentioning remittance advice (or any of the other choices) in the notes or lectures. Although I think I understand the concept, (basically informing a supplier that a particular invoice for particular supplies has been paid, which is normally accompanied by the cheque or other payment form), are these and other terms embedded in the notes? I was just surprised to see the question.
Thanks!
(I only saw the live lectures for chap 10)
OK – it is not mentioned in chapter 10.
However it is listed on page 139 of the lecture notes (and having to do a little research makes you more likely to remember 馃檪 )