REF June 2004 paper

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:29AM in AAT student discussion
The FRA June 2004 Joe and Zeb paper - section 2<BR><BR>The Extended TB of Dream Desserts I have done the paper but checking my answers with the original answers.<BR>the totals of the adjustments column is different compared to mine it doesn't add up. By my calculation It should be £3595 but the answer book reads £2815 (even when you add the adjustments columns in the answers books it adds up as £3595 or could it be a misprint.<BR><BR>Would someone check this or explain how it is calculated as soon as possible.<BR><BR><BR>thank you<BR>

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    REF June 2004 paper

    We did the June 2004 paper on the revision course last week<BR>and the tutor said there was a misprint on the total of the adjustment<BR>colume. Your calculation of £3595 is correct.<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    REF June 2004 paper

    Thank you for a speady answer.<BR><BR>pal
  • System
    System Posts: 100,534 🤖 Admin 🤖
    REF June 2004 paper

    As you have done this paper in your class as revision.<BR>Could you please explain why is the £90 loss only shown in the P & L and not in the adjustments column.<BR><BR>regards<BR>pal
  • System
    System Posts: 100,534 🤖 Admin 🤖
    REF June 2004 paper

    Hi<BR>In the adjustment colume you need to carry the figures from the journal (C)<BR>in task 2.3 which calculates what would be in the disposal account for the equipment sold.<BR>On the disposal account line in the ETB you have a debit for the cost of the <BR>equipment of 400 and a credit for both the accumulated depreciation of 100 and the sale price of 210, therefore you only need to show the difference beween the debit and the credits in the P & L colume as a £90 loss.<BR>Hope this helps.<BR>Sammy<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    REF June 2004 paper

    thank you

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