The 'Official' FRA Answers

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  • louise harrison
    louise harrison Registered Posts: 4 New contributor 🐸
    hi can you forward the answers to me please for fra
    louiserusty6@hotmail.com or if you have put them on the forum could you tell me where. im getting so stressed. cheers
  • A-Vic
    A-Vic Registered Posts: 6,948 Beyond epic contributor 🧙‍♂️
    miskysbabe wrote: »
    Did no-one have trouble with this question?
    Section 2 (e)
    A bank payment for insurance of £500 has been debited twice to the insurance account. No other entries were made.

    I cleared the suspense account but I didn't think clearly and put CR £1000 to insurance, it must be CR 500 bank CR 500 insurance and DR Suspense 1000

    Anyway, I think this question was not clear at all!
    :crying:

    When it says no other entries where made am sure you only have to credit insurance 500 and db bank suspence account was not involved - but its been a while since ive done this so i might be wrong
  • rachy1975
    rachy1975 Registered Posts: 366 Dedicated contributor 🦉
    A-Vic wrote: »
    When it says no other entries where made am sure you only have to credit insurance 500 and db bank suspence account was not involved - but its been a while since ive done this so i might be wrong

    im pretty sure that when it says no other entries were made the other side has automatically gone into a suspence account...thats what my tutor in college always told us...

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