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in example 7.1 there was $41, 750 in receipts that were banked, these were treated as transfer from cash to cash in the bank that is they were received in cash.
however in example 7.5 there was $95, 000 in takings that was banked, these were treated differently as though they were received into the bank not via cash account. why?I am sorry but I do not have a BPP Study Text (only a Revision Kit) and so I cannot help you.
If you are watching our free lectures then you don’t actually need the Study Text – our lectures are a complete free course and cover everything needed to be able to pass the exam well.
The only book you do need it the Revision Kit, because practice at exam standard questions is vital.
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