FRA figures?? Its 8oclock now!
Comments
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FRA - After effects
Hi all.
How did you all do? i did well in section 1, but not good in section 2, i just got confused with the accum depre i wrote 1275, but then erased it. Deprec charge was 325 but did not put it in the adjustments, the b/s was £50 out, the interest rec was put after the gross profit but then, GUESS.........yes i erased IT:mad2:
Can someone tell me what figs they got for current acc and does anyone know what the pass rate is? because skill test is 80%, exam should be lower:001_unsure: i hope. I am just going to worry worry and worry for 9 wks any tips to get my life back, it was my last exam.0 -
why does the residual accumlated depreciation have to relate to the other fixed asset of 1000. the accumulated depreciation could be a couple of years depreciation on the vehicle we got rid of and if my theory was correct and we had already credited the bank and debited the vehicle account and this has just happened there would be no accump depcn on this asset as yet
this gets more confusing I can't remember there being a vehicle on the books in the first place!0 -
Hi all.
How did you all do? i did well in section 1, but not good in section 2, i just got confused with the accum depre i wrote 1275, but then erased it. Deprec charge was 325 but did not put it in the adjustments, the b/s was £50 out, the interest rec was put after the gross profit but then, GUESS.........yes i erased IT:mad2:
Can someone tell me what figs they got for current acc and does anyone know what the pass rate is? because skill test is 80%, exam should be lower:001_unsure: i hope. I am just going to worry worry and worry for 9 wks any tips to get my life back, it was my last exam.
my balance sheet was £50 out because i forgot to add profit from p&l!:ohmy:0 -
I gotHi all.
How did you all do? i did well in section 1, but not good in section 2, i just got confused with the accum depre i wrote 1275, but then erased it. Deprec charge was 325 but did not put it in the adjustments, the b/s was £50 out, the interest rec was put after the gross profit but then, GUESS.........yes i erased IT:mad2:
Can someone tell me what figs they got for current acc and does anyone know what the pass rate is? because skill test is 80%, exam should be lower:001_unsure: i hope. I am just going to worry worry and worry for 9 wks any tips to get my life back, it was my last exam.
TB: 176940
Proft: 18250
B/S: 9100
This seems to be fairly consistant across the board, there is disagreement on the pass mark, but I think its more likely to be marked on a curve then by strict % every year0 -
im glad we all got the same equipment balance of 1200, i knew that would be the only thing that would catch me out was the disposals, even though i know the double entry its getting it how they want it particularly on journal entries that i found slippery but thankfully there was no journal entries to make.0
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I think my equipment balance was £2300?0
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Reading a post on another thread I think I may have misread the drawings/wages problem.
I increased the wages to 44500 and decreased the drawings for Jan (?) down to £18000 - was this the wrong way?0 -
Cheers Tim, probably what it was, don't remember putting a prepayment in anywhere, hope that wasn't enough to fail me.0
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No this was correct, because then both drawings were 18000, which makes more sense0
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I increased the wages to 44500 and decreased the drawings for Jan (?) down to £18000 - was this the wrong way?[/QUOTE]
me too, did you debit the wages account by the extra 2000 i think it was, and credit the current account? thats what i did0 -
HI
thas what I did also.
Andrea0 -
that's brill - the only problem with these forums is you start believing that other people are right!0
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Hi
I know what you mean, I felt really happy after the exam, now I am getting worried !!
Andrea
:crying:0 -
garry_coombs wrote: »I got
TB: 176940
Proft: 18250
B/S: 9100
This seems to be fairly consistant across the board, there is disagreement on the pass mark, but I think its more likely to be marked on a curve then by strict % every year
Could be then, if lots have done well, only the very best will get a pass?0 -
andrea1802 wrote: »HI
thas what I did also.
Andrea
nnnnnnnnnnnnooooooooooooooooooooooooooooooooooo:ohmy:
I hope that is not another mistake to add to my millions!!!0 -
where did everyone sit there exams just out of interest, i sat mine at carshalton college0
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me too - let's go and watch Big Brother and have a glass of wine..... Goodnight all - well done today!0
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HI
Maybe we should just wait for our results, but it is to tempting not to try and check your results
Andrea0 -
New College Nottingham0
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I did better than i thaught. Had nerves at the start could not remember what to put in the Bank a/c but managed in the end. All my trial balances and P&L and B/S balanced (which was a 1st as they never did in any of the practice ones i did and there was a good few of them )with the figures most of you are talking about. £9100, disposal loss £125 etc. With the depreciation i went to credit the bank a/c but then changed my mind and credited back the equipment as i just thaught of the practice exam that had been similar....not that i still understand why.
I THINK WE HAVE ALL DONE PRETTY WELL.
I think maybe the reason Sandy has given any answers tonight because FRA is probably not his unit...0 -
i hope someone puts the answers up because i want to have a quick peek! im getting addicted to this forum i think, i heard theres only 4 people that mark the exams thats why it takes so long.0
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Jentel
You are correct FRA is not sandys unit he does ECR,PEV,MAC and things to do with CIMA,I don't know if there is anybody else who can help out on FRA.0 -
9 weeks
:crying:oh no so we might have to wait the 9 weeks!! I'll be bald by then!!0 -
CCreaven
When I sat the exam a few years ago some on the forum grouped together when the question paper came out and they done diffrent sections they were comfortable with.0 -
i am such jakass i forgot to debit prepayment i debit it bank instead and messed up my B/S apart from that i done well .....would i still pass??? what the pass rate???0
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