FRA: How did everyone's memo's and written answers go?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
For the question regarding current assets, I put cash and debtors. don't know what everyone else got.
Its nice not having to study every night for a while anyways.

Hmm, i wonder if anybody ticked the receptionist for the multiple choice

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    I think I put prepayments and debtors. I totally messed up my memo which I am really gutted about, I put them the wrong way round! Think that'll be the difference between passing and failing. Made a few stupid mistakes in Section 2! :(
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    yeh i also wrote sales ledger control and cash...i think prepayments would have been ok as it is a current asset isnt it?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    I believe so - prepayments are a debtor because you have paid in advance for that service and they owe you for it.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    I think thst the following would've been correct:
    -Debtors
    -Cash
    -Prepayments
    -Closing Stock

    As far as i can remember, the bank was overdrawn, so i think it wouldve been a current liability
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    i ticked any of the partners for da multiple choice...what about the fixed asset amount? over £500?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    yex i think so as the capital accounts only had 20000 on them anyway, so would not be 50000. What about the question regarding drawings on the balance sheet, you all put capital right?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    yeppie i put capital for the drawings on the balance sheet
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    Great names think alike :P
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    lol that is true! :lol::wink:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA: How did everyone's memo's and written answers go?

    My only worry with my memo was apart from the fact that I wrote a load of rubbish was that my writting completely changed from the other questions!! My father took this exam 2 years ago and he said that happened to him to but he passed so I should be alright!! :D

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