Help Please with CBT practice assesment Accounts Prep 11 CBT 1
Flyby
Registered Posts: 13 Regular contributor ⭐
Hi there I was wondering if someone could help me understand the model answer to the first question on the CBT Acoounts Preparation II Question 1.2 its entering the bank payments into the bank ledger account.
Basically I understand it all except for the following - the table at the top which states balance b/d 31 March x6 903 debit balance, then balance 31 March x7 1484 also debit balance - My question is why is the 903 listed at the end of the debit side of the bank account ledger acaount and the balance of 1484 listed at the top of the credit side (please see model answer), I thought the answer was to put the 903 at the top of the debit side (balance brought down 903) then the 1484 to be entered at the bottom of the credit side list (not the top as per the model answer), just can't get my head around this please could someone help.
Many Thanks
Basically I understand it all except for the following - the table at the top which states balance b/d 31 March x6 903 debit balance, then balance 31 March x7 1484 also debit balance - My question is why is the 903 listed at the end of the debit side of the bank account ledger acaount and the balance of 1484 listed at the top of the credit side (please see model answer), I thought the answer was to put the 903 at the top of the debit side (balance brought down 903) then the 1484 to be entered at the bottom of the credit side list (not the top as per the model answer), just can't get my head around this please could someone help.
Many Thanks
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership