How did everyone go?! Thoughts?

[abzzzz]

I'm dreading the A+ cut off >< perhaps 80?

[mikesguns]

Did anyone pick up the putting the stock gain and stock writedown in where it told about other expenses cos it was in the same period.

[mikesguns]

Also how bad was it that the capital in the budget for the period did not equal 72000 the book was wrong

[nacho]

I'm dreading the A+ cut off >< perhaps 80?

wooah crap,
i didnt find it hard, but i didnt find it that easy either! >.<
praying i didnt make sillies in budgeting i dont even know what mikesguns is on about.. :/

[RossiJ]

Did anyone pick up the putting the stock gain and stock writedown in where it told about other expenses cos it was in the same period.

What the ?

[Anon123]

Did anyone pick up the putting the stock gain and stock writedown in where it told about other expenses cos it was in the same period.

I did this.

But my friend said you weren't supposed to (he did another exam where a similar thing showed up, and if it wasn't part of the same question like 1.2.1 and 1.2.2, as opposed to 1.2.1 and and 1.31)
really thats fucking unfair though...

[mikesguns]

thats farkin bs its the same period and the same business, im gonna put in a complaint to vcaa haha.

[nacho]

sucks to be you guys
that's what you get when your TOO good at accounting bahahah
na im sure you'll smash the exam anyway (u might even be right and anon's friend is trying to psych him out)

[soggie]

Anyone who took the stock write down and the stock gain over will not get penalised, same as the people that didnt do it.
Considering it was only worth one mark it was a ridiculous mark allocation for that question anyway, even without carrying forward previously derived information!

For the Prepaid Rent question...1.5.3
I got..
37000 dr Prepaid rent revenue
37000 cr Rent revenue
37000 dr prepaid rent revenue
37000 cr p/l summary

[mikesguns]

the sales revenue gets closed to the profit and loss summary bad luck, i think it should be 37200

[soggie]

#37200** my bad

[soggie]

nah man rent is an expense of course it has to be closed to the P/L summary, bad luck

[Anon123]

Also how bad was it that the capital in the budget for the period did not equal 72000 the book was wrong

oh man, just too fucking ambiguous

wasnt sure whether to use the old capital + profit - drawings, or to just use the figure they provided....
the figure they provided "should" be correct, so I just used it...fuckkkkKFIOWHSG*(WYHIOGfwagtweasv 33rf

[Anon123]

@soggie, not prepaid rent revenue

it would have been rent revenue

which i didnt do anyway

yay more marks lost

[mikesguns]

ii meant rent revenue not sales