Premier training

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hello

Is anybody doing home learning through premier training?

If so, has anyone completed the FRA short test 3 on incomplete records. If anyone has would you please, please be able to give me some tips on how to start cos im completley baffled by it!?!?!?!?

thank you so so much in advance!!!!!

nat :-(

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    Im studying with Premier. On Tech now.
    Did incomplete records test, was a couple of years ago, not sure if it same test. Can u email it to me??
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    Aiya shaz

    i can e-mail it to you yeah. whats your e-mail address?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    HIYA AGAIN

    Here is the test that im stuck on!?!?!?


    Arthur Manderson

    "Arthur Manderson is sole owner of an electrical spares shop. He keeps minimal records.
    You are asked to prepare his accounts for the year 31 March 2005. You are told that all
    receipts have been banked with the exception of £11000 which he has retained for his own use."

    His assets and liabilities at 31 March 2004/2005 were:

    2004 2005
    Bank Balance 1500 2000
    Debtors 9100 9900
    Rent Paid in advance 100 200
    Stock 4400 5300
    Expenses unpaid: Wages 350 440
    Heating 135 145
    Creditors 5215 6205
    Vehicle 9000 9000
    Provision for depreciation 900
    Capital 17500

    "1. The vehicle is to be depreciated using the straight line method, at 10% per annum; new
    fittings purchased during the year are also to be depreciated at 10% per annum."

    2. Arthur took £100 worth of goods from stock for his personal use

    3. Payments made during the year included:

    Paid to suppliers of electrical goods 34000
    Rent/rates 3000
    Light/heating 805
    Motor Expenses 1150
    New fittings 750
    Wages 2000
    Bank charges 105

    "You are to prepare a bank account, trading and profit/loss account and statement of affairs
    at 31 March 2005. Show clearly your calculations of sales and purchases."
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    I have a paper.
    Not sure if its Manderson????

    List Of Assets and Liabilities

    2004 2005
    New Fittings 750
    Vehicle 9000 9000
    Stock 4400 5300
    Debtors 9100 9900
    Bank Balance 1500 2000
    Creditors 5215 6205
    Expenses Owing 485 585
    Expenses prepaid 100 200
    Provsion for deprication 900
    Capital 17500





    DEPRECIATION 900 FOR VEHICLE AND 75 FOR NEW FITTINGS
    NEED TO ADD 100 As OWNER TOOK GOODS FOR HIS OWN USE

    The purchases figure - 34890 and the sales figure is 54110
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    trying to find the rest of it for you.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    YOUR AN ABSOLUTE STAR THANKS A LOT. IF YOU WANT TO SEND IT TO MY E-MAIL ADDRESS INSTEAD ITS: nmackay@warrington.gov.uk

    thanks again

    nat
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Premier training

    i am with tthem to and for the life of me could not work out the mandleson one if any body has any useful info please e-mail me on thaarnold@hotmial.com.i opted to leave it out and the rest till my exams are over but it feels like a black cloud hanging over me :cry:

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