Sundy creditor

[LFTM]

i put sundry creditor but didnt state who the creditor was.lose the mark altogether?

[Chavi]

i put sundry creditor but didnt state who the creditor was.lose the mark altogether?

Depends what the vcaa examiners decide at their next mother's club tea party

[LFTM]

i put sundry creditor but didnt state who the creditor was.lose the mark altogether?

Depends what the vcaa examiners decide at their next mother's club tea party

lol..

[Raahem]

dear everybody,

this was a credit transaction, how come it goes in the general journal?!
is it because the Purchase Journal deals only with purchase of stock?

and,
if sundry creditors is a unit 4 thing, will this question get free marks?

and please be nice, i found this exam tricky

Purchases journal is only used to record credit purchases of stock. Credit purchases of everything else other than stock go through the GJ.
Technically, it's not on the course but you're *supposed* to know how to do these kinds of transactions. I actually came across them in a few of the third party exams, and my teacher went over it the next day.
it was basically CR Sundry creditor xxx (no SL entry)

And I don't reckon they're gonna exclude this question from the course (it was 4 marks - only 1 of which goes to the Sundy creditor entry)

oh thank you for your reply!
life sucks!! hahaha oh well its over now

[LFTM]

lol i just realized the title of the thread is sundy creditor.

[darcy42]

The topic of sundry creditors is touched upon in the unit 3 section (can't remember which chapter) of the Neville Box Textbook. I was reading it in the blood bank on monday, luckily. It cant be creditors control/purchases journal/subsidiary ledger. has to be a sundry creditor

[mojomojo]

Yeah, it has to be Sundry Creditor eventhough it shouldn't be a Unit 3 topic. Vicki Baron and Neville Box didn't mention a thing about Sundry Creditor in their lectures..

There, my 4 marks are gone because of this question. : (

[smacko]

i never learnt bout sundry creditor, is it even in unit 3 study design

It's unit 4.

recon they might take the question out

What, like give every1 full marks for it>?

highly doubt it.

Apparently VCAA are stripping the sundry creditor bit of the question

[mojomojo]

i never learnt bout sundry creditor, is it even in unit 3 study design

It's unit 4.

recon they might take the question out

What, like give every1 full marks for it>?

highly doubt it.

Apparently VCAA are stripping the sundry creditor bit of the question

Really? :O
It's confirmed??

[VeryCrazyEdu.]

i never learnt bout sundry creditor, is it even in unit 3 study design

It's unit 4.

recon they might take the question out

What, like give every1 full marks for it>?

highly doubt it.

Apparently VCAA are stripping the sundry creditor bit of the question

How did u find this out? :O

[smacko]

Our teacher who is an examiner spoke to VCAA not sure whether it will be the full 4 marks or just 1...

[LFTM]

one of the accounting teachers at my school was not impressed about the sundry creditor, nor was he happy about the stockcard question and the fifo question.

[Yitzi_K]

My accounting teacher said her source in VCAA said

No student will be disadvantaged because of that question

Whatever that means.

I doubt they'd give all 4 marks automatically. Out of those 4 marks, only one was to do with the sundry creditor, so I assume they'd give every student a minimum of 1 for that question.

[mojomojo]

Unless the answer doesn't involve Sundry Creditor.. which i highly doubt it, don't think there's any other options besides Sundry Creditor.

hmmm what about

DR Equipment                            1200
DR GST Clearing                            35
CR Stock Control                                850
CR Accrued Installation Expense            385

[kakar0t]

I hope they don't... it is totally unfair for the people who got it correct.