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I pass the exam yesterday!! I study this paper for a month time, using opentuition notes, and bpp text book ( but i didn’t went through all of it ) and some articles as well. Opentuition notes is very useful but i recommend to study more using bpp text book, i know i didn’t study all of it which makes me hard to know what is the correct answer during the exam. During the exam, i read a question for like three or four times and find out which of the following is best answer. But i can’t confirm if i really got the questions correct! I even cover my eyes with the calculator when the results shows out. I really got lucky!! And big thanks to opentuition:) move on to FMA now 😀
tricky? how? im taking exam at the end of the month. I’ve been studying opentuition notes over and over again. I’m really really really nervous after most of you guys said the question is tricky.. tricky how??? What should i do.. any tips to pass the test? Please help me.. thank you
tricky? how? im taking exam at the end of the month. I’ve been studying opentuition notes over and over again. I’m really really really nervous after most of you guys said the question is tricky.. tricky how??? What should i do.. any tips to pass the test? Please help me.. thank you
Sorry i thought this is fab forum..
um, i have some more question
1. Bulla ki Jana Co. has the following information relating to his bank account at May 31
Balance as per bank statement 9000
outstanding cheque 3300
Deposit in transit 1100
Service charges 10
Interest credited by the bank 43Compute balance as per cash book at May 31
is the answer 9000+3300+1100-10-43=13347?I’m actually really confused about bank reconciliation.. here is one question:
A’s bank statement at 31 oct x8 shows a balance of 13400. She subsequently discovers that the bank has dishonored a customer cheque for 300 and has charged bank charges of 50, neither of which is recorded in the cash book. There are unpresented chq totalling 1400 and anautomatic receipt from customer of 195 has been recorded as a credit in A’s cash book.
A’s cash book balance, prior to correcting error and ommission, was:
the answer is 11960=13400+50-1400+300-390
I dont get it.. shouldn’t bank charges and dishonored chq be deducted from cash book?2. External users of financial statements obtain information regarding the entity on regular basis or periodic basis?
Sorry.. i dont have the answer.. i found it online