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Does any one remember question on internal control deficiency asked in sec 2021 exam section B . There was a case of showroom . I was not able to find any deficiency in that question .if anybody remembered that question from exam please help
Sir I watched your lectures
but in Kaplan book I read somewhere the dividends declared before period end are deducted from statement of change in equity
Sorry sir …next time I will keep this in mind
And sir if bankoverdraft doesnot appear in any heading .so if it is given in question is it to be ignored?
Ques1. Bank overdraft comes under which heading ( operating, finance , investing ) in cash flow statement
Ques2. Please tell rectification entry of these:
(1) A cheque for $78400 aid for purchase of a motor car was debited to Motor vehicle account as 87400
(2) One of the directors of the company paid $800 due to a supplier in the company’s payables ledger by a
personal cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry for the transaction. (The company does not maintain a payables ledger control account).Please also tell in this what’s the meaning of personal cheque.
