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When I do practice tests, I tend to score slightly better on TBS questions on average than multiple choice questions. And I noticed it’s because Wiley will give you points for correctly labeling an answer as ‘No Entry’ or 0. For example, if I need to do a journal entry it will look something like this:
Warranty Expense: Debit = $6,000, Credit = No Entry
Warranty Liability: Debit = No Entry, Credit = $6,000In the above mentioned example, I would get points for correctly labeling ‘No Entry’. So… my question is – Is the CPA Exam structured similarly? I sure hope so because that would be “easy points”.
Thanks.
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