[hoangacca]

Sir, the ‘professional clearance’ term is now changed or removed right? The reason I ask this is because, I found some questions mentioning ‘Professional clearance’ but I can not find this term on the textbook of BPP?

[hoangacca]

so it effectively makes the “Any gain or loss on revaluation should be recorded in other income” meaningless?

[hoangacca]

what are correct entries for the ordinary div transaction.

Is that correct with Dr RE, Cr Share capital, Finance cost and Div payables no effect?

this topic is completely alive after 10 years 😀

[hoangacca]

Thank you so much, professor!!!

[hoangacca]

Thank you so much, professor!!!

[hoangacca]

Thank you so much, it works well!!!

[hoangacca]

thank you so much, MR. Moffat!!

[hoangacca]

On the MR. Moffat’s reply:
“So the credits are 1500 too big and the credits are 1500 too small. That means that the credits are 3000 more than the debits, which is why there is a debit balance of 3000 on the suspense account.”

-> It is “So the Credits are 1500 toobig and DEBITS are 1500 too small…” right

[hoangacca]

I actually watch it! Super makes sense!

Thanks for your Help!!

[hoangacca]

Dear Mr. Moffat, the sales are made after the year end, so what are the reasons to make sure that the adjusment had to be made at year end?

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