PLB Exam

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:24AM in AAT student discussion
:cry: Hi first time user here. Didnt feel like the exam went well for me yesterday even though I studied really hard. I could not get my bank reconciliation to tally. I had balance of bank statement (22) and balance of cash book 170. Where did I go wrong. Please could someone shed some light on this for me.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    I think I got the same on you, would be good to get some view from someone with a good memory, anyone?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Hi,

    I think that the bank statement balance was 22 and then when all of the additional and deductions the answer was 170 which should have matched with your cash book balanced b/d figure.

    Hayley
    x
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    yep should be right , just what i got, that was what i thought but not confident enough to say it, thanks! hahaha
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Hi,

    How do you think you done on the journal questions, I think I got about three of them wrong?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    The balance of the Bank Statement was £22 and the cashbook £170. You had to add the lodgements (debit side of the cashbook) and less the unpresented cheques (credit side of the cashbook) and it should have reconciled. The lodgements and unpresented cheques were the figures that were in the cashbook but not on the bank statement. Hope this helps!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Hi you had to take bal of bank statement £22 add bankings not ticked on bank statement and take away payments not ticked on bank statement, it should then come out at £170.00 which you said you had. £170.00 should be the same as your carried forward figure when you balanced off the Cash Book.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Baaaah sorry keely!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    I thought I did ok on the journal questions, the one about entries being reversed, was that a trick question or just me being thick? not sure :?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    balanced of the cash book in which part exactly? must have done it, just forgotten as usual
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    i also got 22 and 170. how did you not get it to balance? you must have minused something when you should of added it?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Hi!

    Havent used this before! But wanted to add that the exam didnt go well for me either yesterday it seemed harder than all the past papers i had revised with?! Couldnt get my trial balance to balance but now know the bank should of been a credit!! As I was so flustered with my TB, I think I have messed up the second part, with my journals! Great!! I know at least three mistakes I have made!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Hi,

    Even though your trial balance didn't balance they still give you marks for the other entries you have made. I read somewhere you need 60% to pass so you must be allowed to make a few mistakes.

    I hope so anyway.

    I am sure you have done fine.

    Hayley
    x
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Just to advise re HayleyD msg - as stated in other posts it is the general consensous that there isn't necessarily a set pass mark. It is more to do with whether they think you are competant or not. Hence if you get the wrong answer but show correct working out you will get marks as they can see you know what to do but put the answer wrong!!

    Andrewh26

    The cash book balance bought down would have been the £170. When you put the £22 bank balance statement over to BRS and then added the 2 outstanding lodgements (payments received) and deducted the 2 unpresented cheques (payments made) this then left the BRS at £170 which matched the cash book balance (bought down)

    Hope this clarifys things a bit. :)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    Thanks Hayley!

    Lets hope so!!!

    Good luck to you to!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    I think that's what I got, thanks, can't wait to see the exam paper again, I'll analyse it to hell.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    We've been told that the AAT decides on a pass mark after all the papers have been seen and taken into account, then you have to get 60% of the new mark.. if that makes sense?

    I feel like such an idiot :evil: on the reconciliation on the PLCA and Sub ledger I wrote that the difference may be because the discounts received was missing from the sub ledger. But it would have been put into the sub ledger twice! :evil: Sneaky question!

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PLB Exam

    i did the same as you and said the discount wasnt put into the people accounts. How annoying cos i was looking at that question for ages. i think as long as we got the discount right i doubt it will have been a major problem

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