呢條題目要做既筆記如下：

- correction of errors，必須留意題目既accounting cycle，如果已經去到prepare income statement甚至statement of financial position既階段，必須小心。

- 涉及movement of inventory既題目，除咗留意一年之間既更正之外，仲需要留意年末有冇數錯貨。大部分情況冇，但唔代表唔會考數錯貨既情況。

- 要記住periodic inventory system下，inventory account如何更新以及相關既double entries。

part (v) why Dr purchase Cr Discount received?

cash discount: to encourage early settlement

trade discount: to encourage bulk purchase; the purchases / sales amount will be deducted directly; no separate double entries are required（比喻：類似uniqlo買衫打8折）

in this case, cash discount is traded as a trade discount. this means the purchases amount will have been understated. also the discounts received will have been omitted from the books.

thus, dr purchases and cr discounts received

note the question doesn't say the settlement of the amount (找數部分) has been recorded wrongly, so no correcting entries are required there.

what not Dr trade payable cuz the cash dicount is overlooked

我咪話咗找數部分冇error

我舉一個好簡單既例子：

Trade discount
List price $800. Provide 10% trade discount.

Purchases = $720

Cash discount
Purchases $800. Provide 10% cash discount.

Purchases = $800
Discount received = $80

你會唔會因為trade discount搞錯做cash discount導致找多咗數？唔會架嘛

想問吓credit card interest 幾耐計算一次？

另外係咪所有consumer credit 都無需抵押？

請問mortgage loan係咪已經out c?

calculated on daily basis
payable on monthly basis(銀行習慣)
(same for bank overdraft and line of credit)

根據翻現實嘅情況，我諗考評局唔會咁樣問，但in syl嘅都係無需collateral(抵押品)
出嘅話會問你某種consumer credit要定唔要collateral

Mortgage loan 不用考
Line of credit 不用考

personal loan 只考installment loan

Hello 想問下呢條點樣計到答案係D? 🙏🙏🙏

佢個答案好似怪怪地咁，有冇其他tutor幫手解釋下 🤔

另外唔係好明咩係code of ethics🥲

code of ethics對公司嘅員工嘅影響
就好似學校校規對學生嘅影響咁

寫定一啲框框條條令員工知道公司prefer你點behave，多數係價值向嘅(not only點樣賺多啲錢)

想問下2020 Q30題目咁嘅表達方法我點知$60000扣咗trade discount 未？

$60000 with/before trade discount of 2%
—> 未扣

$60000 after trade discount of 2%
—> 扣咗

但想問下如果公司用allowance method, 而做revaluation既時候發生左bad debts, 咁應該點處理?

因為bad debts個double entries應該係
Dr AFDD
Cr TR

咁所以擺落revaluation suppose係兩邊都要入?
Revaluation左邊寫TR
Revaluation右邊寫AFDD
兩舊數會互相抵銷?🤔