Company accounts

Accountancy

Regarding Illustration 7 Sir had thought in such a way that he split down all the entries but in study mat they had combined. Can we split and write based on each scenario or should we need to combine compulsory?

Sugam SM

CA Final

★ 9K+

04-May-22 16:03

405

Answers (3)

Writing the combined entry is not mandatory Just to cut down the length we generally write a combined entry,if there is only single debit or credit item, without the examiner being confused

mani charan

CA Final

★ 3K+

04-May-22 17:03

Yeah for our convinence especially for pro-rata allotment where sir had split the entries. I feel comfortable but it's time consuming.

Thread Starter

Sugam SM

CA Final

★ 9K+

04-May-22 17:04

Combined entry is not mandatory

CA Suraj Lakhotia

Admin

04-May-22 19:56