help!!!!!!!!!!!1
System
Posts: 100,534 🤖 Admin 🤖
please help me i dont wanna fail. i did something wrong in section 2 i could not balance my ETB and balance sheet as i could not do my journals properly just only one journal everything was fine without that hopefully do anyone have any idea whether i m going to pass or fail for making some mistakes
0
Comments
-
help!!!!!!!!!!!1
I have sent an e-mail to AAT to find out pass marks etc I will let you know asap0 -
help!!!!!!!!!!!1
Hi,<BR><BR>I actually managed to balance both my trial balance on Section 1 and the balance sheet on Section 2. However it took me a while to work out that you had to minus the provision for doubtful debts from the total of debtors. <BR><BR>Could anyone tell me what closing stock figure they took for the trial balance in Section 1.<BR><BR>Thanks<BR>0 -
help!!!!!!!!!!!1
Stock figure was £19400 -
help!!!!!!!!!!!1
what did u get for the first trial balance?coz mine dint balance probably coz of the rent i think i messd it up or the capital figure. i only got the ETB and balance sheet balanced but the provision for doubtful debts even tho u have to minus from debtors i added it coz it wouldnt match with the capital finance and drawings. there waz a difference of 795 i think it was which waz the prov for doubtful debts.0 -
thanxxx
yah plz if u can inform me abt the pass rates and everything i know i did not do any big mistakes i think my first section is fine and i did some mistakes in journal though my tutor told me that if i do any little mistake i wont fail i just want to be sure again ......... anyways how was ur exam wow right!!!!!!!!!!!!!10 -
help!!!!!!!!!!!1
absolutely right - the prov for doubtful debts is a CR to reduce the debtors figure in the BS but it also needs to be charged to the P&L as a DR in the current year - on the TB you would have needed to enter both the DR and CR to balance0