Nominal ledgers codes

danieger
danieger Registered, AAT Student Posts: 2
in Using Accounting Software
Hi everyone,
I am about to attend the UACS exam in London and I was wondering if, when creating new nominal ledgers, I can choose a random code or not. For expenses or furnitures and fittings for example..

Thank you :)

Comments

  • LeapyUK
    LeapyUK MAAT, AATQB Posts: 34
    For the sake of Level 2, I don't think you would lose marks for editing any nominal code. I certainly didn't lose marks as I scored 100% on this exam.

    However, in industry you would follow the Chart of Accounts but you don't need to worry about that in Level 2.

    Make sure you rename them as how the exam wants.

    Good luck!
    danieger
  • danieger
    danieger Registered, AAT Student Posts: 2
    @LeapyUK Thank you so much! :)

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