December ECR & FRA papers now Avaliable

IanIan Feels At HomePosts: 83Registered
Hello,
Dare I even open them to relive it? Oops already printed it...

Comments

  • agathaagatha Feels At Home Posts: 41Registered
    could anyone tell me answer for Task 1.3 B i am still wondering whether i did it right or not
    thanks
    A
  • agathaagatha Feels At Home Posts: 41Registered
    sorry i forgot to say its ECR exam
  • angie1angie1 Feels At Home Posts: 29Registered
    tutor feedback on ECR.?.

    Has anyone spoken to there tutors about the ECR exam, what did they say.?.
  • chocolate Boxchocolate Box New Member Posts: 13Registered
    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. :lol:
  • FingersanFingersan Feels At Home Posts: 84Registered
    It is confusing chocy box !
  • lv9783lv9783 Feels At Home Posts: 64Registered
    what was 2.3 question again and can you say what the answer was...how did you get hold of the answers?
  • AmpsieAmpsie Well-Known Posts: 145Registered
    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
  • lv9783lv9783 Feels At Home Posts: 64Registered
    hi the journal had 6 lines cos for each debit had to do the wages control account credit entry
  • dobbieobbydobbieobby Well-Known Posts: 231Registered
    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.
  • any2002ukany2002uk Feels At Home Posts: 88Registered
    I put Wage control a/c in Credit only
    Debit of 3 other nominal code
  • dobbieobbydobbieobby Well-Known Posts: 231Registered
    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.
  • dobbieobbydobbieobby Well-Known Posts: 231Registered
    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!!!
  • AmpsieAmpsie Well-Known Posts: 145Registered
    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
  • dobbieobbydobbieobby Well-Known Posts: 231Registered
    I personally cant see why you'd get deducted marks, you got the answer 100% correct.
  • AmpsieAmpsie Well-Known Posts: 145Registered
    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!
  • lorklork Feels At Home Posts: 97Registered
    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.
  • any2002ukany2002uk Feels At Home Posts: 88Registered
    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,
  • PixiePixie Settling In Nicely Posts: 18Registered
    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?
  • hanapospishanapospis Well-Known Posts: 111Registered
    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..
  • EsmeEsme Experienced Mentor Posts: 711Registered
    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.
  • Emma87Emma87 Just Joined Posts: 1Registered
    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!
  • SandyHoodSandyHood Font Of All Knowledge Posts: 2,034Registered, Moderator
    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
    Sandy
    [email protected]
    www.sandyhood.com
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