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Hey all, I am about to have my fourth attempt on FAR in about a week here (got a damn 74 the last time). I just had one quick question about SIMS that have journal entries, and I’m gonna try and explain it to the best of my ability.
On my study materials, CPAexcel, for journal entries it will always have a column for the account, a debit column, and a credit column. So far example if you bought office supplies for $100 you would debit office supplies and credit cash. However, whenever I do simulations you need to put zeros in the columns that you don’t use, so you would put a credit of zero in office supplies and a debit of zeros in cash.
So I guess that my question is, Is this something that you need to worry about on the CPA exam. I would hate it if this something that cost me the one point on my last attempt. I’m just not sure exactly how the grading process goes on these entries.
FAR - 63 71 74 76.... thank god
AUD - 68 75
BEC - 78
REG - 78
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