What was what?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can soimeone who has a good memory just run through all the questions in section 1 and then section 2?<BR><BR>Just Briefly<BR>I.E SLCA<BR>then PLCA

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    Section 1<BR>Sales <BR>Purchases<BR>capital account<BR>deprecation<BR>rent <BR>expenses<BR>tb<BR>memo operating and finance lease<BR><BR>Section 2<BR><BR>journals - disposal, dep, suspense,opening stock, purchase adjustment. suspense acc sales and debtor account<BR>profit and loss<BR>appropration acc - salaries, interest, profit split<BR>good will<BR>multiply choice - capital and loan acc, liabilitie<BR>brief memo on stock control and reasons for variances against stock card<BR><BR>I think thats it!!<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    d you know what sack it.<BR><BR>Ive worked out where i have lost marks.<BR><BR>I messed up both memos (section 1 and 2)<BR>And got goood will TOTALLY wrong.<BR><BR>But I feel i still should pass.<BR><BR>As the big marks I hope are in the Trial Balance (section 1)<BR>And the P+L and Appropriation (Section 2)<BR><BR>If i am correct with the above then i should be delighted <img src="i/expressions/face-icon-small-smile.gif" border="0">
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    I made a silly mistake in the disposal of asset in that I took £1024 as the acc dep and it should have been £976. So I had a difference of £38.4 on the net profit. So hopefully won't get marked down too much, as i carried on the rest of the paper as normal.<BR><BR>Other than not reading the paper properly think i did okay but can't face a resit!!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    i did not include the £4000 onto the capital, i put in a suspense figure to balance in the end, think id still get some credit for that. know i've dropped a few marks here and there but should hopefully scrape through as the way i see it you can probably drop around 30% of the marks and still pass
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    We should be ok, you've shown the examiner that the TB needs to balance so. fingers crossed!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    Did anyone have any trouble with the memo's I messed up the lease one and I put two concepts (accruals and going concern I think) on the FRS18 so messed up that one as well - think I may have got through on the stock one
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    its just one error i see it as in section 1, t account for the capital account. carried everthing else through i think. net profit in section 2 seems to be what most people have, i think you'll only lose one mark for the depreciation also so like you say fingers crossed!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    what were the ansers then for frs18 question? just name 2 it said?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    answers could have been 2 from the following four:<BR><BR>reliability<BR>relevance<BR>comparability<BR>understandabilty
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    i wrote accrual, going concern, prudence and materiality....rite or wrong?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    I did the same, which is incorrect
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    ermmmmm as far as i know, Accruals, Going concern and Materiality are all concepts, prudence is part of reliability.. dnt worry abt it, i messed up appropriation.<BR>what text do you use
  • System
    System Posts: 100,534 🤖 Admin 🤖
    What was what?

    I did this to but don't know why, can you remember how the question was worded?

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