Including working notes
CAPTAIN
Registered Posts: 6 New contributor 🐸
Wha is the penalty for not including working notes when preparing financial statements, all the workings are done but were not included when preparing the Income Statement and Balance Sheet, for example
Revenue 52000 working 1
Cost of Sales 3200 working 2
The above example demonstrates how it should be done, but what happens when you do no include them, ???
Revenue 52000 working 1
Cost of Sales 3200 working 2
The above example demonstrates how it should be done, but what happens when you do no include them, ???
0
Comments
-
do you mean when you did the workings you didnt reference them?
for example when i did mine i put W1 next to revenue and the working itself?0 -
Yah i did not reference them0
-
the working papers where tied to the question i think they might be able to reconise where you got the answers from, if i remeber rightly i don think i did for consolidated question but i think the notes were self explanitery0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 164 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership