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Comments
Think that was possibly the only question I liked! Made a profit and everything! Can't remember the figures tho
about the P&L i have the exam on wednesday for unit 5 so i tried to much as match as i could....
clearly you don't know what an abnormal gain is, or you would know it's a gain that's abnormal, not expected, shouldn't happed! but has happend. look in ur book and you'll see it's called an abnormal gain!
resat the ECR today after failing in June. I thought the first half was ok - a couple of odd little things i had to stop and think about carefully but generally that section was fine. the second section was a nightmare! the first question has never come up on a paper before. I know they are testing our adaptability but come on AAT! it was mental! also, i really struggled for ages on the process account but i managed to balance it eventually and got an abnormal gain of 40 and unit price on that of £30.00 and balanced both sides at 15942 or 15492 or something (can't remember the exact figures), but looking through everyone's comments that seems to be about right. that net present cost thing was a bit weird. i think overall, they put far too many things in to throw candidates. instead of just the odd thing here and there to put you off, everything seemed to be there to throw you! i think they made the exam far too hard and it didn't really reflect how much revision i did! i spent ages revising!! but then, having said that - the first section seemed fine and if most people did struggle on the same stuff on the second half the likelihood is the exam board will lower the pass rate!
i think the profit was 30000?
I see where you're coming from and good luck for weds! Lets hope the examiner is less mean!
yeah, mine is the same.
Shhhhh
My book is top notch thanks and I think you will find you are wrong! Such is life...
thanks
ditto, the only simple question on section. i think i put 2,1,3
sounds about right! Think I got that too!
YAY!!!
about the P&L question anyone go £57000 and £60000?
do you also know when the past paper will be available for download?
I got that aswell, I completely got the profit one wrong though for the second part of the question.
clearly not, seems as you don't understand about abnormal gain! yet you seemed to understand when the other members explained it in terms of paint!
yeah, i got £5 too. hopefuuly that's right. couldn't do the profit and loss, the second part to the same question though.
yeh i got £5
thank you, hopefully dingaling will stoping inplying i'm thick coz i said it was an abnormal gain of 40!
it was the only way to balance it. 515 output + 25 normal loss = 540 therefore if direct material input was 500 then there had to be 40 added to the left side and the only thing that it could be is abnormal gain. it took me ages though to get it to balance as i couldn't work out the unit price for the abnormal gain and output so i managed to get it to 30 and balanced both sides. seem to have got the same answer as most people on here so i am relieved (not that it's definitely correct but at least if everyone's done the same thing then that's good!)
If the ACTUAL loss is less than the EXPECTED loss the difference is known as an abnormal gain and can therefore not magically make itself into and extra 15 when you only began with 500!
P&L I just had a stab at to be honest but overall section 2 was ok for me as that is the section I have been revising on with gusto!
Hated the group bonus question just was a bit more confusing that it needed to be and changed my answer about 3/4 times!!!
All in all glad it is done and may squeak through if there is a fair wind!!