Surprise at no ETB or Balance Sheet

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Was it only me who was surprised not to come accross an ETB or a balance sheet? and just had to go straight to the P & L Account?<BR><BR>I thought this made it harder as you had to keep going through to see if you have included everythingand accounted for the journals whereas an ETB shows you easier.....

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Surprise at no ETB or Balance Sheet

    Yes TBH the previous exam papers were EASY compared to this 1. I found it really difficult.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Surprise at no ETB or Balance Sheet

    I did a 2 year book-keeping course before doing AAT, and we very rarely used ETB's - so it was hard to get used to using them all the time and doing the adjustments that way. But we was told that we HAD to use ETB's, so I figured I would just have to get used to them. Spent ages practising them, so was really miffed that they didn't come up in the exam. What's it all about eh?<BR><BR>Lynn
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Surprise at no ETB or Balance Sheet

    I thought it was different to the past papers as well, when I first looked at it I felt like walking out the room but I think that I did OK apart from that lease memo, the FRS18 question, I put concepts instead of principles and also not sure about appropriation account, there is some misunderstanding about calculating the Int on Cap for Dan<BR><BR>I would rather have an ETB as you know that the net profit is correct that way, with just a P&L you just hope for the best.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Surprise at no ETB or Balance Sheet

    Yes I agree as the net profit shows the same on the Balance Sheet and P+L whereas the way in the exam doesn't give you the chance to compare them easily side by side.....instead you have to keep a mental running note of all your adjustments.<BR><BR>I know what you mean about the capital but I believe it is £750 as the question stated the return is based on balances at the start of year and all 3 balances were £25k.<BR><BR>But I don't think it is much of a big deal as it is only 1 figure wrong so probably only 1 little mark.<BR><BR>Every1 looking forward to technicians in September?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Surprise at no ETB or Balance Sheet

    Tutor told us to revise ETB as that was the second section.

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