help!!! incomplete records

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
hi, <BR><BR>i'm really struggling to get incomplete records, with most other things i struggle for a whle & then it just clicks, but im getting nervous now less than 2 weeks to go & no sign of a click anywhere, any help would be really appreciated as no matter how many times i look at the books examples & questions it doesnt seem to get any easier/clearer.<BR><BR>thanks<BR>(fingers crossed)<BR><BR>Craig

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    help!!! incomplete records

    Your not the only one having trouble with incomplete receords.<BR><BR>I find that I can do all the questions from the text book but when I come to do the first half of the practise exams I get them wrong.<BR><BR>I think you just have to keep doing the questions and fingers crossed.<BR><BR>Good luck<BR>Dawn
  • System
    System Posts: 100,534 🤖 Admin 🤖
    help!!! incomplete records

    They really arnt as bad as you might first think..<BR><BR>Draw your T account - always draw the T account it helps loads.<BR><BR>Then with the information you have put them in the T account.<BR>So to work out Sales use the Sales Ledger Control Account.<BR><BR>Put in the T account the opening debtors figure,<BR>Then put in the closing debtors figure (remember its the opposite side as its a closing figure - this is the common mistake made! If it helps bring the figure down under where you are going to put your total for balancing the accounts)<BR>Then if you have Reciepts from Creditors within a bank summery - then insert this figure - THEN balance off the account.. The missing figure has to be the Sales figure on Credit.<BR><BR>Its all a case of putting what info you have into the T account - then make it balance!<BR><BR>Its all a case of practicing - just keep trying them - remember its always done with the control account.<BR><BR>Amanda
  • System
    System Posts: 100,534 🤖 Admin 🤖
    help!!! incomplete records

    i have struggled for ages with control accounts. Now that i have got my head around them the incomplete records make more sense. Amanda's last point is key; find purchases for the year by using the purchase ledger control account.

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