T accounts

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:31AM in AAT student discussion
When I do the first task of the past papers, finding the missing figures, when i finish the T account I always b/d my figure so that i know what figure I have to post to the trial balance, although it doesn't say to do it, would I lose marks for doing it.

Hopes this makes sense.

Aly

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:T accounts

    When I took my FRA exam I was always told to head up your t account, bring down and carry forward any balances, date and a brief decription of transactions.

    You are doing more than you are asked, so how can you loose marks? You are likely to loose marks if you dont.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:T accounts

    No you won't lose marks.
    In fact if you do happen to make a mistake in your TB, your T accounts which are your workings will show how you arrived at your figures. This could mean you gaining marks for understanding and only losing a mark for an incorrect answer.

    I too was also told make sure you head up your accounts clearly and always balance them off - bringing forward and carrying forward figures as necessary unless the question states otherwise.

    Hope this helps and good luck.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:T accounts

    Thanks thats great, i find that if you balance them off, you dont tend to transfer the wrong figure over to the trial balance.

    Thanks again Aly

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