Do you think I've done enough to pass?
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I sat DFS and PTC.
In DFS i got first question to balance, journal entries I had as :
DR Bank 2000
CR Ordinary shares 2000
DR Fixed asset ac dep (cant remeber exact figs)
DR Dispoal
CR Fixed Assets - Cost
CR Profit on fixed asset
I couldn't get balance sheet Task 1.4b to balance so I went back and ended up with 5339 as retained profit(task 1.4) and when I added that to P&L a/c on balance sheet it some how balanced. BUt by looking at other peoples comments this was incorrect.
Couldn't write about SSAP 18, just waffled but wont get any marks, I also couldn't remember anything about Goodwill so all I wrote was FRS 10 hoping they will give me a bit of credit(fingers crossed)
Section two - I wote quite a bit and think I've done enough to pass this section it just section one that I need to hopefullt scrap a pass!!
In PTC i took the contibution off the figure of emmisions not the value of the car I have never been told about that rule. So I know that is wrong. I added in the petrol expense but again used the original car value.
I did not include the pension, just grossed it up to 300 that was a month so I multiplied it by 12 so I added 3600 onto 31400 to increase the middle band of tax! was I supposed to do this or was i only supposed to increase it by 300?? (ive realy messed up both exams) by using my incorrect figures i worked out that they had paid to much!! So they would receive a tax rebate. (hopefully since they can only mark me down onc for the mistake if my workings are correct I should get some marks there.
I said she should take the loan option as that was £6000 x 5% instead of £6000 x 20%.
Section two - indexed first question twice to make it up to 1998 i think thata the date.
second question added the 2000 onto the 2000 with no extra cost the cost equalled 3000/4000 x cost. The indexed that last one on the sheet they provide us.
Did the land Dont think I had any problems with this.
I think I had taper relief as 75%, 90% & 75%
Sch E month x 12 then x 2 (two prop's)
the took away agent fees and something else but cant remeber what it was!
Then took p/allowance off this figure
then did sch A 2020@ 10% then about 8000 @ 22% then dividends @ 10%
CGT
some at 20% and balance at 40%
Car exempt
Does anyone think I did enough to pass??
BE HONEST
P.S Does anyone know when we get the results?
In DFS i got first question to balance, journal entries I had as :
DR Bank 2000
CR Ordinary shares 2000
DR Fixed asset ac dep (cant remeber exact figs)
DR Dispoal
CR Fixed Assets - Cost
CR Profit on fixed asset
I couldn't get balance sheet Task 1.4b to balance so I went back and ended up with 5339 as retained profit(task 1.4) and when I added that to P&L a/c on balance sheet it some how balanced. BUt by looking at other peoples comments this was incorrect.
Couldn't write about SSAP 18, just waffled but wont get any marks, I also couldn't remember anything about Goodwill so all I wrote was FRS 10 hoping they will give me a bit of credit(fingers crossed)
Section two - I wote quite a bit and think I've done enough to pass this section it just section one that I need to hopefullt scrap a pass!!
In PTC i took the contibution off the figure of emmisions not the value of the car I have never been told about that rule. So I know that is wrong. I added in the petrol expense but again used the original car value.
I did not include the pension, just grossed it up to 300 that was a month so I multiplied it by 12 so I added 3600 onto 31400 to increase the middle band of tax! was I supposed to do this or was i only supposed to increase it by 300?? (ive realy messed up both exams) by using my incorrect figures i worked out that they had paid to much!! So they would receive a tax rebate. (hopefully since they can only mark me down onc for the mistake if my workings are correct I should get some marks there.
I said she should take the loan option as that was £6000 x 5% instead of £6000 x 20%.
Section two - indexed first question twice to make it up to 1998 i think thata the date.
second question added the 2000 onto the 2000 with no extra cost the cost equalled 3000/4000 x cost. The indexed that last one on the sheet they provide us.
Did the land Dont think I had any problems with this.
I think I had taper relief as 75%, 90% & 75%
Sch E month x 12 then x 2 (two prop's)
the took away agent fees and something else but cant remeber what it was!
Then took p/allowance off this figure
then did sch A 2020@ 10% then about 8000 @ 22% then dividends @ 10%
CGT
some at 20% and balance at 40%
Car exempt
Does anyone think I did enough to pass??
BE HONEST
P.S Does anyone know when we get the results?
0
Comments
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Re:Do you think I've done enough to pass?
Hi.
Nobody knows if you have done enough to pass, so put it behind you and enjoy your Christmas. Results are out mid-February.
Scott.0 -
Re:Do you think I've done enough to pass?
To be honest, forget about about the DFS paper. But I think and am sure you did the best you could.0