ABC Traders P&L Account

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jewels.p
jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
in AAT Level 3 (Level 6 in Scotland)
I have calculated the Net Profit as being £39,990 for this but was thinking it is more likely to be a round figure of £40,000 and I have gone wrong somewhere.

Are the correct figures usually round numbers in exams or could it be right?

Julie

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  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
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    What is this for? I don't think they are always round numbers so is probably correct.
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Esme wrote: »
    What is this for? I don't think they are always round numbers so is probably correct.

    Its my Practice Exam David Nix/ABC Traders that I am sending in today to be marked.

    ABC Traders is the Partnership and you have to do a P & L Account with all the figures you have calculated. I thought I read somewhere on here that the figures in exams are usually round numbers. Think I might email my tutor to find that out. If it is true might come in handy in exams to know if figures calculated are wrong:huh:

    Julie

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