Quick FAR question

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  • #162115
    TheMoose
    Member

    Are there any MCQ that would have the format as:

    what is the proper journal entry for…..situation X?

    A) Dr. xxx

    Cr. xxx

    B) Dr. xxx

    Cr. xxx

    C) ” “

    D) ” “

    …or should I just expect to know JE for SIMS?

    thanks.

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  • #302914
    jenuno01
    Member

    not to give specific info out, but yes, there will be MC questions where you have to pick which is the correct journal entry for the a certain transaction… with that said, know your DRs and CRs! Also, as dumb and basic as this may seem, knowing how the T accounts work will come in handy in FAR! Sometimes you will see questions that seem complicated, but in reality, if you read the question and know what information is unnecessary, they're not that tough. Good luck!

    Class of 2012

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