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A Multiple Choice Question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › A Multiple Choice Question

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 26, 2021 at 8:26 am #629452
    Muhammadi
    Participant
    • Topics: 31
    • Replies: 59
    • ☆☆

    The following is a question from FA2 Revision Kit:

    Which one of the following source documents is summarized and posted to the general ledger?

    A. Sales returns day book
    B. Purchases day book
    C. Cash recieved day book
    D. The purchase returns day book

    The kit says C is right. The other three are posted to the receivables /payables control accounts.
    —————————————————————-
    My Thoughts

    1. I think none of the above four options
    is a source document. All of them are
    books of prime entry.

    2. I agree that the other three are posted to the receivables /payables control accounts, but these accounts are also kept in general ledger. I think all are posted to general ledger, not just C.

    I think the whole question is wrong.

    Need your help!

    Thanks!

    I have to ask FA2 question here cause Ken Gerret does not answer me in FA2 Forum.

    I have been waiting for the answer for over a week.

    July 26, 2021 at 12:31 pm #629470
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54656
    • ☆☆☆☆☆

    I agree with you that the question is wrong.

    None of them are source documents and all of them are posted to the general ledger!

    Ken must have missed your question because he does check questions every day.

    July 26, 2021 at 2:33 pm #629494
    Muhammadi
    Participant
    • Topics: 31
    • Replies: 59
    • ☆☆

    Hmm!
    I see!
    I was about to cry when I saw the question.

    I didn’t believe that they will make such a huge mistake.

    So surprising!

    Thanks Sir!

    You are always there to help us.

    July 26, 2021 at 6:51 pm #629512
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54656
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘A Multiple Choice Question’ is closed to new replies.

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