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Hi,
When is the release date for the list of top achievers from the June 2024 exam session?Could you provide a more detailed answer to this, please?
You mean that because of the point in question “You should ignore annual exemptions and should assume that the nil rate band remains unchanged from that for the tax year 2010/11”, they are using a full nil rate band at the date of the death. If so, what if there was no such point in the question, would not be able to use the nil rate band in the calculation?Hello Mr John,
Do we have Discount Recieved or Discount Allowed control accounts?
Mr.John what about the rest of 3000$? where should we put it? for example, From January till the October 20×5 there was a payment for the interest. Am I right?
Thank you!! I understood accrual charge of 1000$(for 3 month) but why they are charging the income statement —finance cost only 1000$ — Should we charge it with 12 month expense 4000$
Yeah, it is from BPP study text.
Thank you for the detailed and quick response!!! You are the best!!!:)Could you explain this, too?
A purchase return of $48 has been wrongly posted to the debit side of the sales returns account, but has been correctly entered in the supplier’s account.
which of the following Statements about the trial balance would be correct?
The answer: the debit side to be $96 more than credit
shouldn’t it be $48? because we credited an extra account wrongly “sales return” which would increase the debit side of trial balance
Thank you so much!!! ? Yes, I watched them all after posting it. I found the questions regarding deposit and current account on the BPP FFA book.
Sorry John, what do they mean “deposits credited after the date”?
Cash book has been debited but it is not credited in bank statement. Is this the same as above statement?
DR non curren asset account 67460
Cr non current asset account 15000
Balancing figure c/d 52460
