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Accounts Preparation 2 Tip sheet

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Comments

  • j1994j1994 Registered Posts: 106
    "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?"
  • nwahanwaha Just Joined Registered Posts: 3
    Mark T your tips sheet is a vital source of information
    Thank you so much and hope to have more of this
  • NokiNoki Registered Posts: 6
    Thank you for the notes Mark.
  • j1994j1994 Registered Posts: 106
    R there only 2 practice assesment from 2010?
  • KoopaCooperKoopaCooper London, UKMAAT, AATQB Posts: 227
    edited November 2015
    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.
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