FRA Exam answers

System

Popped into college today, tutor had done the exam. Can't remember all her answers but:<BR><BR>Section 1 Sales 55K, purchases 3300. Capital 14K. TB balanced on £70390.<BR><BR>Section 2. Net profit £101250<BR><BR>She gave Dan 20K salary and only £500 interest on capital. Serves him right for leaving part way through the year. I totally messed up appropriation because even though I calculated it THREE times, I still came out with 9 and 3 months.<BR><BR>Good will account<BR><BR>Cant remember figures, but DR in the old ratio and CR in the new.<BR><BR>