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ACCA Paper F3/FA/FFA

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Pregunta:

When closing the accounts, what should be done with an item which belongs in the SPL?

Autor: Christy B.



Respuesta:

The T account should be balanced, closed, and moved to the SPL account. If it is an income item, then Dr the T account and Cr the SPL account. If it is an expense item, the Cr the T account and Dr the SPL account.


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