****HELP****

System
System Posts: 100,537 🤖 Admin 🤖
edited June 9 in AAT member discussion
Hi guys,<BR><BR>Just wanted to know if anyone is kind enough to give us a hand.<BR>Im doing AAT foundation and i don't know whats going on with all these books of prime entry and other such stuff. i just got back from hgoliday (went Dubai!!!) and teacher goes you'll have to catch up youirself!!! <BR>So Please HELP!!!!!!

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  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hi,<BR><BR>What is it exactly do you need to know, and I will see if I can give you some assistance.<BR><BR>NC
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hi Nina,<BR><BR>Its the debits and credits i can`t get me head round and also what are books of prime entry?? whats difference between sales ledger and sales ledger control account................... i can rant on!!! need help with basically everything!
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hi I on't know if you can help me but coul dyou please try to explain why there is a purchase ledger control account and what you put in it. Do you enter the balances of the individual creditor accounts or the balance of the creditors accounts added together or what? Please help!!
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    <br><br><< <i>Hi guys,<BR><BR>Just wanted to know if anyone is kind enough to give us a hand.<BR>Im doing AAT foundation and i don't know whats going on with all these books of prime entry and other such stuff. i just got back from hgoliday (went Dubai!!!) and teacher goes you'll have to catch up youirself!!! <BR>So Please HELP!!!!!!</i> >><br><br>
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hi<BR>Which text books are you using for your AAT Foundation, Osbourne or BPP?
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hya sunshine!!! im using BPP.
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    yes me too!! Bit of a nightmare initially son't you think!! I'm using Osbourne and Frank woods too as i think they are sooooooo much easier to understand. Best of luck to you. Tried joining msn re Amandas group to get some help but as yet no luck!!!! must be doing something wrong lol
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    hi sunshine! guess wot?! i`m using osbourne too and im much more confident with double entry now. havent had a chance to go on amanda`s forum, bet its useful though!! any where you from?? wot you working as?? i`m from blackburn, and i work as P/L clerk in a massive company called Gold medal travel/airline network!
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    hi Faz<BR>happy to read you are getting on fine with Osbourne. I'm from the South West and i have been running my own business for years now!!<BR>Had my 1st simulation Friday-wasn't too bad!!!!! Well i will let my results judge that!!lol<BR>Take care-happy reading!lol
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hey!<BR><BR>The purchase ledger control account (or sales ledger control) is the part that you use in the double entry. Basically it is a summary of all individual supplier accounts (or customer accounts in the sales ledger). <BR><BR>To put it in real terms if you are a credit controller and need to know what is outstanding you dont want to be fishing through each individual account to see what remains outstanding as a total. therefore the control accounts show everything as a whole. This is also helpful when constructing a trial balance as the debtors and creditors can be listed as bulk rather than individually (and Im sure you have many of these accounts). <BR><BR>The individual supplier/customer accounts are NOT used in the double entry. The Control accounts are included.<BR><BR>Hope this helps<BR>Laura
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Keep on at it, you will find one day that all will click into place. Im studying technician and I was close to giving up. Once you get past these stages it becomes easy.<BR><BR>Are you learning any "systems" for the debits and credits? i found "PEARLS" helpful. <BR><BR>P urchases<BR>E xpenses<BR>A ssets = debits<BR><BR>R evenue<BR>L iabilities<BR>S ales = credits<BR><BR>there are loads out there but find the best one that works for you. <BR><BR>If you want any more help use these boards, you will find that other students post helpful hints and they are explained in easy terms. Textbooks can be very technical and not always too helpful!!!<BR><BR>Regards<BR>Laura
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    It is well known that simulations are MUCH harder than the real exams. They are more intense.<BR><BR>Hope you get the results you are after<BR>Laura
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ****HELP****

    Hi Laura<BR>Well got my sim paper back today-not too bad!! Hoping to do better on my next!!!!! Had success joining amandas group on msn and been very helpful,so lots of practice for me now.Yeah i agree the sim is far more intense than the exam paper(aquired a past exam paper-looks ok ish, well it looks far better than the simulations i have seen lately! Thanks anyway, regards, Debbie. (hope Faz is getting on ok with his Osbourne')

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