CCM8680 - Closing the Examination

Accounting Procedures - 94A Settlement by Instalments

Where the settlement is to be met by instalments, leave the “Amount to be demanded” and “To be paid by” boxes blank on the form 94A. Then make the following entries directly on to the form 94A(3) and (2) ensuring that they are not reproduced on to the 94A(1) or the payslip.

• In the “Amount to be demanded” box show the full amount remaining to be paid
• In the “To be paid” box show the words “As agreed”

You should then make the following entries directly on the 94A(1):

• In the “Amount due” box show the amount of the first instalment and repeat this figure on the payslip
• In the “To be paid by” box show the due date for the first instalment

All other boxes should be completed as in CCM8670. The “Interest bearing amount” is the full amount to be demanded. And you must put a tick in the “Payment by Instalments” box.

If a direct debit facility is required, the form DD1 should be stamped on the reverse with the office stamp, below the perforation and the contract settlement number inserted on the front of the form in the space “Collection numeral and reference”. In the top right hand corner of the form 94A(2) show “DD” in red ink and the form DD1 should be attached to the reverse of the form 94A(2).