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Question 3.14 – page19 from BPP kit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Question 3.14 – page19 from BPP kit

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 22, 2019 at 3:45 pm #553467
    konichan
    Member
    • Topics: 12
    • Replies: 7
    • ☆

    I saw balance c/d $11,900 on debit side => so the opening balance for trade payable for the 1st Oct is blance b/d $11,900 on credit side => so that I choose D
    But the answer is B, Could you please explain for me?

    November 23, 2019 at 10:56 am #553505
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54833
    • ☆☆☆☆☆

    The question asks for the balance on 1 October 20X0 (not 1 October 20X1).

    Therefore it is asking for the opening balance on the t-account which is a credit balance of 14,000.

    November 23, 2019 at 2:36 pm #553525
    konichan
    Member
    • Topics: 12
    • Replies: 7
    • ☆

    I got it. I didn’t read carefully the question
    Thank you, Sir

    November 23, 2019 at 3:45 pm #553532
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54833
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Question 3.14 – page19 from BPP kit’ is closed to new replies.

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