what did i do wrong?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
sales 585, 350<BR>opening stock 69, 444<BR>purchases 433, 256<BR>closing stock 68,950 <BR>cost of goods 433,750<BR>profit 151, 600 <BR><BR>admin 18, 712<BR>wages 11, 334<BR>rent 15, 000 <BR>depreciation 4, 449<BR>disposal 96^^^^^^^^^^^^^^^^^^^ ented wrong figure <BR> 49,591<BR> 102,009

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    how are you recalling those figures? it was hours ago!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    HI <BR><BR>WELL I GOT THE SAME AS YOU - SO MAYBE WE BOTH GOT IT WRONG - I THINK IT IS TO DO WITH THE JOURNALS BUT ON THE UP WE WERE ONLY A LITTLE OUT ON NEWTT PROFIT.<BR><BR>I FEEL AS LONG AS MOST OF THE MAJORITY IS THERE IT WILL BE FINE<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    spent ages going through it was i meant to inclued disposal and depreciation?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    i messed up big time. my figures seem to be different to everyone elses. oh well i just hope the method was right.....i think it was....so maybe i'll pick up afew marks for that regaurdless of the figures. fingers crossed. if not i'd best start revising for december!!!!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    IT IS STUCK IN THE MIND I THINK<BR><BR>YOU ALWAYS REMEMBER WHEN YOU FEEL YOU HAVE DONE IT WRONG I THINK
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    YES I DID PUT DISPOSAL £1024 AND DEPRECIATION OF £850 IN IT. BUT STILL GOT NETT PROFIT INCORRECT - METHOD IS THERE THOUGH
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    wow joyride, I am impressed with your photographic memory
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    <BR>i got it like that:<BR><BR><BR>sales 586050 >>>>> dunno hot i got the figure but it wrote the working<BR>opening stock 69, 444<BR>purchases 433, 256<BR>closing stock 68,950 <BR>cost of goods 433,750<BR>profit 152, 300 <BR><BR>admin 18, 712<BR>wages 11, 334<BR>rent 15, 000 <BR>depreciation 4, 280<BR>disposal 1024 <BR>50350<BR><BR>Net Profit: 101950<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    what did i do wrong?

    I am such a fool.. I forgot to deduct rent from my profit, hence I got 116k profit. this dumpf affects appropriation for partners.<BR><BR>would they fail me for that?

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