FRA

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:32AM in AAT student discussion
Hi
Not sure if this is possible but am due to sit my Exam in a couple of weeks - Unit 5.
I have done the Mock and it was ok.
I have huge trouble with my double entry and find it hard which is dr, which is cr!
Other than DEAD CLIC, does anyone have any idea of an easy way of reminding me.
Everything i use is computerised and day to day i have no trouble at all. I get stuck in exam situations and know im likley to fall when it comes to it.
Many thanks, i'd really appreciate that advice
:)

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA

    Hi

    I have found a thread that might be of interest to you, but please ignore the nonsense at the end of the thread it is totally irrelevant to the forum:-

    https://www.aat.org.uk/forums/posts/list/13648.page

    Best of luck for the exam
    Eva :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA

    Exams are coming up fast but I m struggling with my Dep'n and Provision for Dep'n and adjustment for Dep'n accounts.

    Can anyone help!!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA

    Hi Deborah.

    The depreciation charge for the year is an expense which goes to your P&L as a debit entry.

    The accumulated dep'n reduces the value of the asset on the balance sheet and is a credit entry.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA

    Hi, I've never heard of DEAD CLIC before.

    I use PEARLS...

    Purchases, Expenses, Assets = DR
    Revenue, Liabilities, Sales = CR

    At the beginning of the exam I write PEA RLS and any other abbreviations/equations at the front of the paper, this way you dont have to keep thinking about them during the exam and you can focus on the answer.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA


    I remember double entry with.........

    Dr...PEA/RLS...Cr

    Purchases
    Expenses
    Assets
    Revenue
    Liabilities
    Sales

    Worked for me, hope it helps you a little.

    :wink:

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