[Ajaz0810]

NINJA Question –

So I am spending some time practicing the SIMS in Ninja and after a few problems i have come across a problem with the grading of the SIMS and how the J/E’s are ordered. Bottom line does it matter if the J/E’s are in order? For Example I believe it is SIM 30 in FAR. I put

Treasury Stock xx

Retained Earnings xx

APIC xx

Cash xx

The correct answer is

Treasury Stock xx

APIC xx

Retained Earnings xx

Cash xx

So as you can see i mixed up APIC and Retained earnings to what the software had and I got that portion wrong. Since I debited the right account and the right amount I believe it should be right. Is there some sort of rule that shows what order the J/E’s are supposed to be? I don’t want to get something wrong on the test for this small of a reason.

FAR 62, 66, 78
AUD 66, 55, 74, 72
BEC 79
REG

[Ajaz0810]

Sorry when I posted it it doesn't show debit or credit but Cash is the credit in both.

FAR 62, 66, 78
AUD 66, 55, 74, 72
BEC 79
REG

[Anonymous]

it isn't going to be wrong on the exam, there is no right order for JEs. it's just a limitation of the software that seemingly plagues the entire CPA review course industry. the AICPA cares enough and is competent enough to create a test that will accept any order of answers, but apparently, you're asking too much of your $1500+ review course to display a shred of competence

[Ajaz0810]

Thanks for the answer dragnets. That is what I thought. I only spent 47 bucks on my review course so I'll take it up with Jeff 😛

FAR 62, 66, 78
AUD 66, 55, 74, 72
BEC 79
REG

[Anonymous]

Remember the AICPA has much deeper pockets than the Ninja's. Their software is proprietary and very heavily guarded. Just know that as long as you put the debits/credits with the right amount and the right account, you will get it right on the test.

[Author]

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