Question 33.13

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December 9, 2020 at 9:59 pm #598944
arahnsathananthan
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Hi John
I do not understand question 33.13. Why is the second journal incorrect ?
Thanks again
Arahn
December 10, 2020 at 9:27 am #599021
John Moffat
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If you are referring to the BPP Revision Kit, then question 33.13 in the current edition does not mention any journal entries.
December 10, 2020 at 2:14 pm #599094
arahnsathananthan
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Hi John
Sorry my apologies. It is question 33.12. I hope you can help
Arahn
December 10, 2020 at 2:52 pm #599107
John Moffat
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Directors pay is an expense of the company and should therefore be debited to the remuneration account. If it has been paid then it would be credited to cash, but since it will not have been paid it is credited (not debited) to they accounts because it is owing to them.
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