accounts prep 2
clarlou76
Registered Posts: 11 Regular contributor ⭐
i keep failing on this exam. am a bit confused when it comes to doing the balance sheet as they have put a sundry income on it and i am not sure what i am supposed to put in for this. can anyone help??
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Not quite sure what you mean, sundry income would go in the profit and loss account (or income statement) not the balance sheet0
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what classes as sundry income though??0
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One of the things we put in sundry income was the online filing refund that businesses got until recently, it wasn't as a result of trade so went in as sundry income0
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I have the exact same problem. I have failed twice already and going to book it for the third time soon! I have he sundry income question too and it threw me! I'd like to know what they mean by this too!Level 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014
Awaiting to start CIMA
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Do you mean an income statement like Task 2.1 on the second practice exam? In this question the sundry income is discounts received.0
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No, the question was to put the details into an income statement but just like discounts received etc, there was one saying sundry income, that you have to slot into the income statement. If that makes sense. LolLevel 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014
Awaiting to start CIMA0 -
Oh, I'm not sure then, hope it doesn't come up in my exam!0
