[kfaz]

Sorry! The answer just says:
$21,000 x 0.75 + $2,000 – $3,000 = $14,750

It’s the $21,000 x 0.75 I don’t understand.

Thank you!

[kfaz]

😀 I can see why you’d ask. What escaped your attention is that I was advising the person above, Yahya. (It wasn’t me who asked the last question :))

[kfaz]

True, your lecture on bank reconciliations really explains it all. 🙂 I watched those three videos and I intend to watch many more. It’s really nice that they’re open and free! So, Yahya, you should definitely check those out.

[kfaz]

To check if I have understood – one should ignore the balance on the irrecoverable debts expense account and only take in account the amount of irrecoverable debt that has been ascertained at year end?

[kfaz]

Thank you, John, it really is too simple. I wasn’t aware you were the only tutor on the F3 board so please excuse the misaddressment. 🙂

[kfaz]

I have another question regarding the suspense account.
It says (p.279, Kaplan F3) that ommitting an opening accrual requires an entry to the suspense account to correct the error.
Could someone please provide an example of this?

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