December ECR & FRA papers now Avaliable

Ian

Hello,
Dare I even open them to relive it? Oops already printed it...

agatha

could anyone tell me answer for Task 1.3 B i am still wondering whether i did it right or not
thanks
A

agatha

sorry i forgot to say its ECR exam

angie1

tutor feedback on ECR.?.

Has anyone spoken to there tutors about the ECR exam, what did they say.?.

chocolate Box

I've just had a look at the ECR paper, and I still don't get question 2.3 regarding the limiting factor. I know I did it wrong in the exam. Doesn't make sense to me. Think I had given up by that question.

Fingersan

It is confusing chocy box !

lv9783

what was 2.3 question again and can you say what the answer was...how did you get hold of the answers?

Ampsie

I'd be interested to know what people put for 1.3 b as well.
I got confused as to why we had 6 lines for journal entires but only four nominal codes!

Think i got that bit wrong!

Ampsie

lv9783

hi the journal had 6 lines cos for each debit had to do the wages control account credit entry

dobbieobby

I thought about it from the beginning.
Wages would come out of the bank so:

DR Wages Control
CR Bank

Then you have all of it in the wages control account, so it needs to come back out and go to the repective expense codes.

any2002uk

I put Wage control a/c in Credit only
Debit of 3 other nominal code

dobbieobby

phew, so we all agree:

CODE DR CR
6200 7000
8200 7000
6400 4000
8200 4000
6600 2000
8200 2000

When do they put the answers up anyway please? On looking back on here 6 months ago the ECR results only took a short while.

dobbieobby

That took out all my spaces for some reason. But the first line is a debit, the second a credit, the third a debit, the fourth a credit etc!!!

Ampsie

Ah - i see now!

The reason i had two lines left was because i put the credit into the control account in one amount. I did:

6200 Dr 7000
6400 Dr 4000
6600 Dr 2000
8200 Cr 13000

Do you think that will be completely wrong as i haven't seperated the wages control?
Hopefully i'll still pick up a few marks for the other 3 entries!

I wish it was June - i want to be put out of my misery!

Ampsie

dobbieobby

I personally cant see why you'd get deducted marks, you got the answer 100% correct.

Ampsie

Thanks Dobbieobby!

I felt really despondednt when i came out of the exam. But now looking back on the paper i'm hoping i did enough to scrape through!

Fingers crossed!

lork

dobbieobby wrote: »

When do they put the answers up anyway please? On looking back on here 6 months ago the ECR results only took a short while.

The answers aren't published until the results have been released so answers/results in February for December exams and August for June exams.

any2002uk

Ampsie wrote: »

Ah - i see now!

The reason i had two lines left was because i put the credit into the control account in one amount. I did:

6200 Dr 7000
6400 Dr 4000
6600 Dr 2000
8200 Cr 13000

Do you think that will be completely wrong as i haven't seperated the wages control?
Hopefully i'll still pick up a few marks for the other 3 entries!

I wish it was June - i want to be put out of my misery!

Ampsie

that is what i did, i wrote Wage Control in Credit fully, while other in DEbit,

Pixie

What does everyone think was the answers for FRA 1.5 (a) - I confused myself withthis one wondering if I should have worked the selling price out with VAT before taking off the 65% Mark Up (in the end I didn't).

Also what did the examiner want with 1.5 (b) - was it a written explanation of what the value if closing stock actually is - or did they just want the AMOUNT calculated in (a) - which seemed a bit repetative?

hanapospis

Pixie wrote: »

What does everyone think was the answers for FRA 1.5 (a) - I confused myself withthis one wondering if I should have worked the selling price out with VAT before taking off the 65% Mark Up (in the end I didn't).

Also what did the examiner want with 1.5 (b) - was it a written explanation of what the value if closing stock actually is - or did they just want the AMOUNT calculated in (a) - which seemed a bit repetative?

I have 12 000 for this answer... but not sure

in 15 (b) I have just only stated the number again..

Esme

I think 12,000 was correct for both answers.

I think they wanted to see that you understood how stock is valued at the lower of cost and realisable value.

Emma87

December 2008 Exams

Does anybody know when the answers to the December 08 exams will be available? I know the papers are on there, but I want to see the answers! Thanks!

SandyHood

Emma
I sent out my ECR answer to proof readers last Friday, am still waiting to hear from them. As soon as the proof reading is complete, I will make any necessary ammendments and make them generally available.

Sandy