journal entry format

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  • #2111046
    Thomgas_Sagefeld
    Participant

    Hi, for journal entries on the exam, does anyone know if it is necessary to put all debits first, then all credits? Also, do they have to be in accending order of amount? My presumption taking the exam was that it didn’t matter if I had Dr, cr, dr, Cr, with corresponding amnts. So if I miss points for this i’ll never know?!

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  • #2111325
    Recked
    Participant

    I don't think the order matters. The accounts and amounts, and that the debits or credits numbers are in the right spot.
    You are correct, if you lose points over it you would never know.
    If the instructions did not explicitly state debits first (which they don't) then you're fine.
    I wouldn't stress over it.

    Memento Mori - Kingston NY CPA & EA (SUNY Albany 2002)

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