• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Journal Entries & Trial Balance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Journal Entries & Trial Balance

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 5, 2023 at 7:15 pm #687684
    Hassanx
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi,
    I hope someone can help me since I am struggling a little bit.
    I need to make a T Balance and I am unsure about the journal entries for the following. Can someone help please?

    1) Alpha paid £5,000 into the business bank account for 5,000 £1 ordinary shares.
    Beta paid £2,500 into the business bank account for 2,500 £1 ordinary shares.
    Gamma paid £2,500 into the business bank account for 2,500 £1 ordinary shares.

    2) Beta’s son loaned the company £10,000 with interests charged at 5% pa and paid
    annually in arrears

    3) Purchased on credit 7,000 widgets from FGH Ltd at £1 per widget
    Purchased up front 5,000 widgets from ILM Ltd at £0.25 per widget

    4) Purchased a van for £2,000 cash
    Purchased a second van for £5,000 on Hire Purchase, repayable in monthly instalments over 3 years, interest charge of £500 for the total period. The first payment was made on January and the interest charged on a straight-line basis.

    Thank you very much and sorry again for bothering.

    July 6, 2023 at 7:57 am #687696
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54831
    • ☆☆☆☆☆

    The entries for the first 3 are all explained in my free lectures. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.

    Item 4 concerning a hire purchase agreement is not examinable in Paper FA.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Abdinur on FA Chapter 22 Questions Group Accounts The Consolidated Statement of Financial Position (1)
  • YvonneB on Introduction to Taxation – CIMA F1 Financial Reporting
  • Arnold89 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • deepikasingh on ACCA BT Chapter 17 – The nature of communication – Questions
  • deepikasingh on ACCA BT Chapter 14 – How people learn – Questions

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in