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# Foundation Workbook

Betterprospects
New MemberRegistered Posts:

**5**
Hi everyone, this is my first post.

Just started studying the AAT foundation level and having a little trouble with

activity 2 in the workbook. On the 2nd of January it says you pay RENT of

£100, but how do you enter this, when in all previous examples it is taken from Profit. I have checked the answers at the back, but it does not make this problem any clearer, perhaps even more confusing. It leaves rent till last after everything else has been completed.

Thanks

Just started studying the AAT foundation level and having a little trouble with

activity 2 in the workbook. On the 2nd of January it says you pay RENT of

£100, but how do you enter this, when in all previous examples it is taken from Profit. I have checked the answers at the back, but it does not make this problem any clearer, perhaps even more confusing. It leaves rent till last after everything else has been completed.

Thanks

0

## Comments

166which page is it on? may be some one will be able to help but cant find it

in the book?

5I am refering to Activity 2 on page 2 of the kaplan workbook units 1,2 and 3.

Look at 02 January

166credit the bank, debit the rent account which is possibly no help whatsoever.

5I would like to know how you enter rent into the double entry book when there is no profit on the other side. Can you take it from capital to make the

books balance. Do you enter it as drawings? To me this would not make sense or follow the rules I have learnt this far, but i cannnot think of any other way at the moment. Any ideas?

Thanks

36which leaves the profit =£330 -£100= £230

5profit that is already there. I would like to know, what happens when there is no profit. In Activety we are asked what the equation would look like at the end of the month, but how would the equation look just after the rent was taken and how would it be entered.

36the bank will decrease by £100 and the profit will decrease by £100

Assets will go down by £100

Total Capital will go down by £100 as a result of profit going down by £100