DFS Dec 06

joyride

I've worked it out now!

Devilishbird

Hi

I think you might be looking at the wrong answer. The advertising is to be allocated to Distribution costs and your answer has used Administrative expenses.
I remember doing this practice paper and it is pretty straight forward.

The answer should be:

Dr Distribution costs
Cr Accruals

As it will be classed as a cost to be accrued as no invoice has been received before the ETB was prepared.
Hope that makes sense, if not let me know

mowzer

You're looking at the wrong answer, the fourth journal down is:

DR Distribution costs 57
CR Accruals 57

:001_smile::001_smile:

sloshed

Think you are getting a bit confused. The answer is

DR Distrubtion Costs 57
CR Accruals 57

The 79 relates to point 4 in your additional data

mowzer

Lol i think the stress is getting to everyone

joyride

lol see what state PEV has left me in!