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@adam94 said:
Only one bonus was to be taken as only one was being received, others were entitled. Entitled bonus are only recorded for directors. For employees only those will be counted as a benefit which were received.It should be the earlier of:
1) the date the bonus is actually received
2) and the date the bonus is entitled@ilona, that MCQ was something. Had a really hard time with it!
Me too. My head confused me alot! Even though I did a few past paper questions.. :'(
Thank you so much for replying guys.
I wrote to ACCA about more than a week ago or so.. they STILL haven’t replied to my mail.. so I ended up calling them today and sadly Tabson statement is true. They cannot do anything. It’s so heartbreaking honestly .. 🙁
But anyways THANK YOU all for replying!
THANK YOU SO MUCH SIR! GOD BLESS! 🙂
I now totally understand! You’re a life savor 😀
Ok. Sorry! And Thank You for replying to them! I’ll be careful next time!
The difficulty in the first question was, I got the same answer B, but the book says the correct answer is A. and I just don’t know why is that.
And I clearly did not understand question 2.
But THANK YOU SO MUCH! Really appreciate! 🙂
And this one too!
Rush Co has a CREDIT balance of 54 in Jack Co’s receivables ledger: Which of these would explain this balance?
A) Rush Co received a credit note of 54 from Jack but Jack posted to the account of Twice Co.
B) Rush Co sent a cheque to Jack for 46 in respect of an invoice of 100
C) Rush Co paid an invoice of 54, even though this invoice was subsequently cancelled.
D) Rush Co bought but returned goods to Jack, totalling 54. A credit note is yet to be issued.Hi. When are you turning 17 tho?
I too started with ACCA after completing my IGCSE! What you can do is, study the “Diploma” papers of the “Foundations in Accountancy” (FIA) module FAB, FMA and FFA! (they have the same syllabus as the first 3 papers of the ACCA qualification) after you complete these 3 papers along with an online “Foundations In Professionalism” (FIP) module which is free of cost and is for all students to do (the only difference will be that you are doing it at an early stage. Which is absolutely okay!). With completing FIP, you will be given a “Diploma in Accounting and Business”. And after this you can easily continue with your ACCA Qualification staring with the “F4 Law paper”. You will be given exemptions from the first 3 papers of the ACCA qualification i.e. F1, F2 and F3.Good Luck! 🙂