IAC Dec 2008 exam problem
Hi, Can somebody help me with couple of questions from IAC Dec 2008 exam? 1)In Task 1.6 on the table we have twice Purchases Ledger Control Acc, but I have just wondering that is on wrong side?? Should be on CR side,I think, but on answers is on DR-I don't understand why? 2)Task 1.9 c) Why on Suspense Acc is tick CR side, when in questions we have information that Suspense Acc has got DR balance? 3)Task 2.17 I don't know how is calculate the balance of debtors in point b)? And why balance of debtors in this same task point a) in on DR side? 4) Task 2.18 What has happen with cheque nr 110865 which amount 3,670. This amount should be updated in cash book on CR side, and then balances per cash will be different (13,568). Am I right? Thank you for answers - this couple of questions I am confused. Thank you for explanations.
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