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koenigseggCC7
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Joined: 04 Jul 2010
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Posted: 07 Jul 2010 at 20:39 \| IP Logged

I just took a Becker Final Exam and one of the sims asked me to do a journal entry to record a payment on a capital lease. No big deal I thought...debit capital lease liability & interest expense, credit cash.

When I finished the exam and reviewed my answers, Becker marked this entry wrong because they had the debits on that journal entry flipped! Ex: should have been debit interest expense & capital lease liability (versus how I stated it above).

Please tell me the actual exam doesn't grade like this!! The examiners can't possibly expect me to read their minds when it comes to the ordering of the lines in a journal entry!

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joecjr
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Joined: 10 Oct 2009
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Posted: 07 Jul 2010 at 22:04 \| IP Logged

if you have to do a j/e in a sim there will be a debit and credit column in a spreadsheet and you will have to click a drop down box and pick dr or cr and then click another dropdown box and select the account type.

I really don't see how it matters what order the dr or cr is in as long as it is a correct combination of entries.

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jsanders02
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Posted: 07 Jul 2010 at 22:56 \| IP Logged

The order of the lines in the journal entry shouldn't
matter. Though, my preference has always been larger
numbers first. It just looks more professional, for some
reason.

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koenigseggCC7
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Posted: 08 Jul 2010 at 10:33 \| IP Logged

joecjr
I already did the sim - the question I was referring to had two debits and one credit in the same entry. According to the way Becker graded it, order matter, because I had the entry correct but the order that my debits were presented was flipped from the answer they gave, and it was marked wrong.

jsanders02
I agree the order shouldn't matter....but it apparently did on that one. I just hope it doesn't matter on the real test. That's all I'm asking.

__________________
NY CPA
BEC - 5/26/10 - 83
FAR - 7/12/10 - 95
AUD - 8/26/10 - 94
REG - 11/10/10 - 85

Futurepasser
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Joined: 28 Mar 2010
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Posts: 83

Posted: 08 Jul 2010 at 11:33 \| IP Logged

No one knows how they grade these things, but I have a hard time believing that the order of your entries matters. If you get the accounts and numbers right, you'll get the credit. They do have people grading sims, from what I understand.

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