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F3- CHP 4
TEST Q3Hi,
Can you please tell me, when balancing the accounts why the balance of the credit side is not the same as the debit in the solution for This question? The solution gives a balanced figure but this does not balance the total sides as the credit should be $1267840? (68,800+1154880+44160) not 1267920?
Please advise 🙂 thank you
There is a tiny typing error.
The opening credit balance should be 68,880 if you look at the question (not 68,800).
The tests have all been removed from the current edition of the lecture notes and are now all online (with workings appearing after each question has been attempted). Any typing errors have (hopefully) been corrected, and more detailed workings are given for all the answers. They are linked from the main F3 page – “F3 Practice Questions”
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