Help with sim format

  • Creator
    Topic
  • #160786
    johnjohn1
    Member

    I did the becker sims in the final exam and noticed when I looked at the results that it marked me wrong on my J/E because i had the order of the entries wrong.

    Does anyone know if the order of the entries important?

    what i had:

    dr cash

    dr new building

    cr old building

    cr gain

    what they said was right

    dr new building

    dr cash

    cr old building

    cr gain

    Same amounts and everything just different order. Isn’t this the same thing? I am really confused and not sure if it is important to make the J/E’s in a specific way. I just don’t want to get points off for any stupid mistakes.

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    Replies
  • #289596
    Minimorty
    Participant

    John – the order of the journal entries don't matter as long as you have the correct accounts and the correct amounts.

    #289597
    johnjohn1
    Member

    Okay, thank you. I figured that was correct, a journal entry is a journal entry. Thanks for your response.

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