Sims on actual CPA exam – need to put 0 (fill in all) for journal entries?

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  • November 18, 2013 at 8:07 pm #181836
    Anonymous
    Inactive

    Hello everyone,

    I haven’t taken any CPA exam yet but I noticed (after taking a practice Final exam for Becker), that it deducted points for journal entries without any input on the opposing side.

    For example, a journal entry for gain on sale:

    Cash (debit) 100

    Building (credit) 90

    Gain (credit) 10

    And although everything was correct, points was taken off for not putting 0 on the opposing sides to the debit/credits.

    On the actual exam, are you suppose to fill in all areas and not leave it blank?

    So for the Cash entry, would it be debit -> 100, credit -> 0?

    Or is leaving it blank okay?

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