Dec 2002 DFS - 2.3

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
In part C, question 2.3 the balance sheet has a P&L value of £1,457 in the trial balance, but the answer booklet gives £1,777. I can't see where the adjustment of £320 came from?<BR><BR>Any ideas?<BR><BR>Thanks<BR>Glenn

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec 2002 DFS - 2.3

    the £320 comes from the P&L a/c. If u use the tb to quickly work out a p+l, then u come up with 320 and add it to the brought forward profit figure in the tb and u get the answer. <BR>If that makes sense
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec 2002 DFS - 2.3

    I've just been doing that one and was wondering the same thing ! doubt in an exam you would have time to do an p an l as well though. Cant u just use it as a missing figure ?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec 2002 DFS - 2.3

    yeh u could use it as the mssing figure , providing that u were confident with the top half. SAying that the p&l only took me abot 5 mins to quickly do ona bit of scrap with no heading etc
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec 2002 DFS - 2.3

    Yeah, that makes sense thanks. Like you say, the balance figure method is easier but I suppose it depends if you're confident (or if you've got time to work it out)<BR><BR>Cheers
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Dec 2002 DFS - 2.3

    I am so NOT confident ! Have just found loads of useful info about SSAPs/ FRS,s tho !

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