un-nerved about the exam

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Does anyone else feel like they're really not ready for the June exam?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Hiya,

    You can only do ya best chick... that's what I am telling myself at least, still nervous though! :lol:

    Have you done all of the past papers off of this website, and re-read the textbook? :lol: After doing some of the past papers you should feel more comfortable and prepared, each year the layout stays similar it looks like, so unless they go and have a radical change, June's should go along the same ideas.

    That is all that I can do to be prepared, can I do anything else?! :?

    Good luck!

    Bex
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Yeah that's the best thing to do. I have done all the past papers and I feel fine, I'm dreading the unit 3 sim though!

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Thanks!
    Yeah the sims are supposed to be much harder than the exam but still when I did a past paper I completely went blank one what sides the opening balances go on. I'm petrified I'm gona do that in the exam!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Hey Gem,

    If your unit 3 sim is anything like mine, it will be a lot harder than the exam (according to past papers) so don't worry that you won't pass the central due to this.

    My unit 3 I struggled with but you may be cool, I had practised suspense accounts, journals, recs the lot and I went blank in my sim.

    Try ya best chick, mine didn't balance after 3 and a half hours so don't worry if you find it hard, you're not alone!

    Bex
    x
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    I've done a practice simulation and it was ok, it was complicated so I had to really think about some of my answers but there was no tricks in there!

    Just gonna keep practicing, it's all I can do, I can't do anymore and I'm going to do my best :)

    Good luck everyone! :wink:

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    :cry: I'm so worried about it- it'll be my second attempt having broken my arm before the exam last year & being "Unsuccesful" in December!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Just keep practicing - and dont get too stressed out about it!!

    Good luck :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    When they give you a list of opening balances like purchases, sales etc does it fit the normal DEAD CLIC, PEARLS scheme? Also how do you know what sides to put the open balances in the PLCA and SLCA?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Hi

    Yes the rules for DEAD CLIC does fit the opening balances that they will give

    The opening balances of PLC is credit - as the accounts are your creditors (you owe them) and SLC is debt the accounts are your debtors (they owe you).

    I always think about the bank side first - as in if something is paid out, its the credit side and so on and work from that - but everyone has their own useful reminders!

    Don't panic - seriously - all you can do is practice and do your best. If you have completed unit 3 and did well, you will have no problems with the exams. Aslong as you remember your credit/debit sides, it'll all be good!

    Good Luck everyone

    L x
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    I always think PLCA is creditors - credit creditors and SLCA is debtors - so debit debtors

    It works for me :)

    bleugh I'm so ill :(

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Yeah I use that one!! Hope you get better soon! :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Does anyone know incidently, how to write off bad debt? What do you credit and debit? I had £10,000 plus VAT to write off a customer account
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    Hiya

    Bad debts is an expense and so goes into the Bad debt account as a debit

    Credit SLC
    Credit Subsidary (Sales) Account (not part of double entry)
    Debit Bad Debt

    Hope that helps

    L x
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    I thought it was:
    Dr Bad debts (net)
    Dr VAT
    Cr SLCA (gross) and then sub ledger

    I might be wrong though ?

    Gem
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    so did I. I also think when writting a bad debts of with VAT being claimed would be to: debit bad debts
    debit VAT and Credit Sales Ledger Control.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:un-nerved about the exam

    ok, thanks all but which is it? :?

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