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June 16, 2024, 08:55:25 am
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Author Topic: EXAMM WAS HARDD  (Read 21521 times)  Share 

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luca

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Re: EXAMM WAS HARDD
« Reply #180 on: June 09, 2010, 12:05:31 am »
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Current assets:
Cash at bank - $21,500 (Capital contribution $10,000 PLUS Loan $50,000 MINUS Stock purchase $38,500 inc. GST)
Stock Control - $35,000 (paid for by cheque, therefore cash left the business to make purchase, reducing 'Bank')
GST Clearing - $3,500

Non-Current Assets
Delivery Van - $20,000

Current Liabilities
Accrued Rent - $2,000
Loan Repayment - $10,000

Non-Current Liabilities
Loan - $40,000 (Loan amount $50,000 less repayment due within 12 months of $10,000)

There certainly was a lot to sift through with this question. tough way to start the paper..
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mojomojo

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Re: EXAMM WAS HARDD
« Reply #181 on: June 09, 2010, 12:25:44 am »
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man.. this exam is making me unable to sleep.
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It's all over now..

dannayeee

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Re: EXAMM WAS HARDD
« Reply #182 on: June 09, 2010, 12:30:47 am »
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Quote from: mojomojo on June 09, 2010, 12:25:44 am
man.. this exam is making me unable to sleep.

LOL SAME. omg. :(
its so badd
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naved_s9994

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Re: EXAMM WAS HARDD
« Reply #183 on: June 09, 2010, 03:13:21 pm »
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Quote from: dannayeee on June 09, 2010, 12:30:47 am
Quote from: mojomojo on June 09, 2010, 12:25:44 am
man.. this exam is making me unable to sleep.

LOL SAME. omg. :(
its so badd


Personally I didn't find it too bad :)
If you had the concepts clear in your head, you'd have done well on this exam, I believe.

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'Keep you friends close, but keep your enemies closer'
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