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Question 18.1 from BPP practice
Hi Mr JohnAt the first error :
They said cash received of 333.000 was CR to ordinary share capital as 330.000
So there are 2 mistakes in this one ?
First , instead Dr cash , they CR Cash Second , they put the wrong value there ?
How should I understand this one ?
RegardsThe question does not say that they credited cash – it says that they credited share capital!!
So the only mistake is that they credited share capital with 3,000 less than they should have done.
Thanks for your reply ,
Can you pls help me question 18.7 ?
My workings is :
DR : 836.200
CR : 819. 700So the opening of suspense account will be 16500 on DR side ?
1. 5100 ( DR) on suspense account
2. 9900 ( DR ) on suspense account– I just don’t understand the answer in the book . why do they minus 5100 and 9.900 ?
And why do they minus 5.100 and 9.900 , but they still put the word ” Debit ” next to it ? ( the same with 16.500 – They put ” credit ” next to 16.500 ) . What does Debit and credit mean ?
Im just so lost with the answer in book . Thanks
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