Gem- Revision Help
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I find it a good idea to use the pages in your exam papers for your workings to write the amounts you need to post to the main and subsidiary ledgers BEFORE you post them. This helps me a lot during the first part of the past exam papers that I have done. (the producing the Trial Balance -part 1 )
It might sound as if it takes up too much time at first, but we do have plenty of time in the exam and it really does help you not to forget that one entry that always seems to cause problems getting the trial balance to balance!!
It you still do not get the trial balance to balance then hopefully you will still score marks from the examiners for showing your workings!
Also, remember that the trial balance WILL balance, even if you have to put in a Suspense account to do this!
Good luck everyone- I'm off now to do December 2003 paper for what seems like the 30th time!
It might sound as if it takes up too much time at first, but we do have plenty of time in the exam and it really does help you not to forget that one entry that always seems to cause problems getting the trial balance to balance!!
It you still do not get the trial balance to balance then hopefully you will still score marks from the examiners for showing your workings!
Also, remember that the trial balance WILL balance, even if you have to put in a Suspense account to do this!
Good luck everyone- I'm off now to do December 2003 paper for what seems like the 30th time!
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Re:Gem- Revision Help
Thanks for that George
I've done all the past papers on the site and all my trial balances have balanced. It is a good idea to take time at the beginning to note down what's gonna go where, thanks. I think in the real exam I'll take a few seconds to jot down PEARLS etc and really get my mind going before I put any opening balances in the accounts!
Good luck!
All the best
Gem0