Accounts Preparation 2 Tip sheet

j1994

"No entries have been made for closing inventory at 31st march.it has been valued at sales price $19420 .the sales price of good is allways set at 25% higher than cost of goods sold.ignore vat?"

nwaha

Mark T your tips sheet is a vital source of information
Thank you so much and hope to have more of this

Noki

Thank you for the notes Mark.

j1994

R there only 2 practice assesment from 2010?

KoopaCooper

mrb82 said:

I failed AP2 last night

Think I focused my revision too much on SFP and IS, clearly not enough on Goodwill (goodwill for a partner introduced is fine, but not looked at the goodwill account itself).

I also messed up my reconstruction of control accounts. I got myself in a muddle with the PLCA, narrative was Purchases Day Book and I put the gross figure instead of seperate Purchases and VAT

Really annoyed with myself

Does anyone know what the resit exam fee is?

I think that the re-sit fee to AAT is the same as the original fee for sitting the exam (ie. £40) + whatever your training provider might charge for letting you resit as well.