How did you find the exam?

[StumbleBum]

q4c. With reference to one accounting principle, explain why advertising expense for the year is not the same as the amount paid for advertising. What did everyone put?

I did reporting period because of accrual accounting and the expense for the month is only that used during the month regardless of what has been paid in cash. Not sure about my principle though...

[Tragesty]

Yeah true, ah well what's done is done.

Off to start Unit 4, I guess.

Wow, so determined to do well.

I wish! It's more that I enjoy accounting so I'm not really bothered by starting it. My other subjects, on the other hand..

[StumbleBum]

What did you guys get for the adjusted gross profit of the JAZZ 16GB USB, i think mine was something like $16570 off the top of my head, could have the numbers mixed up though

[DiMennzzaa]

For everyone worrying about Question 1:

I have just confirmed that the "overdraft facility of $10000" simply means overdraft limit - this is not the actual bank balance of the firm.

Hence, Capital with a debit balance is not possible.

wat? how is that even possible than? so there is no capital? get fucked

[abcdqdxD]

For everyone worrying about Question 1:

I have just confirmed that the "overdraft facility of $10000" simply means overdraft limit - this is not the actual bank balance of the firm.

Hence, Capital with a debit balance is not possible.

wat? how is that even possible than? so there is no capital? get fucked

There is capital, it has a credit balance.

[_avO]

For everyone worrying about Question 1:

I have just confirmed that the "overdraft facility of $10000" simply means overdraft limit - this is not the actual bank balance of the firm.

Hence, Capital with a debit balance is not possible.

wat? how is that even possible than? so there is no capital? get fucked

Capital is there, but what you're thinking of is capital contributed by the owner (i.e. their personal cash/equipment) in which they decided not to do and opted for a loan which most business nowadays do anyway

[Tragesty]

What did you guys get for the adjusted gross profit of the JAZZ 16GB USB, i think mine was something like $16570 off the top of my head, could have the numbers mixed up though

I did (100*20) + (68*22) given under 'additional information', minus cost price as per stock card, less stock loss?

[abcdqdxD]

What did you guys get for the adjusted gross profit of the JAZZ 16GB USB, i think mine was something like $16570 off the top of my head, could have the numbers mixed up though

I did (100*20) + (68*22) given under 'additional information', minus cost price as per stock card, less stock loss?

Yep I did the same thing!

[DiMennzzaa]

what do you guys think would be a cut-off for an A?

im thinking maybe 68/90

[abcdqdxD]

what do you guys think would be a cut-off for an A?

im thinking maybe 68/90

Probably low to mid 70's IMO.

It was hard, but 68/90 or 75% to be in the top 10% of the state is pushing it.

[StumbleBum]

yeh i reckon about a mid 70's/90 same as last year...

[Nima2703]

Omfg. I fucked up the entire question one double entry and ALL of question four. i answered the theory well but i did february to june in the same year i thought it was the same year i didnt read properly omfg omfg i cant believe this... please tell me the theory related to my A and B is consequential if i use information from my wrong information but am still correct if i use other info

[Nima2703]

yeh i reckon about a mid 70's/90 same as last year...

last year 75.5 was A+ range

[DiMennzzaa]

what do you guys think would be a cut-off for an A?

im thinking maybe 68/90

Probably low to mid 70's IMO.

It was hard, but 68/90 or 75% to be in the top 10% of the state is pushing it.

2009 exam was half as hard as that and it was 69.5/90

u mad son?

[StumbleBum]

yeh i reckon about a mid 70's/90 same as last year...

last year 75.5 was A+ range

Yeh i miss-read your previous post though you said A+ not A