partnership accounts????

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
sorry about this.....i know you are all fed up with postmortems on the june exams but can anyone advise me on what the possibilty of still passing fra exam is even though i have got the partnership appropriation completely wrong (paid interest on capital, the salaries, then shared the profit (incorrectly)). i am confident with every other part of the exam except this bit............is it classed as a fundamental error??

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    partnership accounts????

    The Partnership accounts i would say is on about 7 out of 10 minds as we lead up to the exam results.<BR><BR>I didnt get 101,250 like most did. I also didnt split the interest like most, nor the profit. <BR><BR>My tutor is still betting I have passed.<BR><BR>The thing is, there is so many versions of partnership accounts and it all comes down to the company in the end. Just like Osbourne Books and FTC showed it 2 different ways in there books.<BR><BR>The point is, if thats all thats worrying you in the exam - then stop. I would have thought the examamiers are looking at the methods of the answers you have given and if there is logic there, then you should be ok.<BR><BR>Best of luck on Tuesday.<BR><BR>Amanda
  • System
    System Posts: 100,534 🤖 Admin 🤖
    partnership accounts????

    thanks for that........feeling up and down at the mo.....just hoping that i scrape through so i can go onto tech level.<BR><BR>i wouldn't like to start tech level having an intermediate exam still not passed (my brain would have a meltdown).<BR><BR>Good luck everyone!!

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