How did you find the exam?

[Tragesty]

I credited the discount revenue of 990, as the incorrect entry recorded it as a debit. So revenue increases 990 to 2390?

[sam.utute]

I credited the discount revenue of 990, as the incorrect entry recorded it as a debit. So revenue increases 990 to 2390?

Good pick up! I credited it in the GJ but did the opposite when doing the Income Statement (I think I read off someone else's answer in this thread ).

[abcdqdxD]

I credited the discount revenue of 990, as the incorrect entry recorded it as a debit. So revenue increases 990 to 2390?

Good pick up! I credited it in the GJ but did the opposite when doing the Income Statement (I think I read off someone else's answer in this thread ).

Can't believe Income statement was only 6 marks.. had to update everything in the Trial Balance then do the reporting, should take more than 6 minutes allocated!

[sam.utute]

I credited the discount revenue of 990, as the incorrect entry recorded it as a debit. So revenue increases 990 to 2390?

Good pick up! I credited it in the GJ but did the opposite when doing the Income Statement (I think I read off someone else's answer in this thread ).

Can't believe Income statement was only 6 marks.. had to update everything in the Trial Balance then do the reporting, should take more than 6 minutes allocated!

Mark allocation was retarded. I still can't get over the fact that 1b) was only 3 marks.

[Nima2703]

sam please tell me liabilities extract. did you get 5 stock loss in the stock card?

[abcdqdxD]

I credited the discount revenue of 990, as the incorrect entry recorded it as a debit. So revenue increases 990 to 2390?

Good pick up! I credited it in the GJ but did the opposite when doing the Income Statement (I think I read off someone else's answer in this thread ).

Can't believe Income statement was only 6 marks.. had to update everything in the Trial Balance then do the reporting, should take more than 6 minutes allocated!

Mark allocation was retarded. I still can't get over the fact that 1b) was only 3 marks.

I thought 1B would be the discuss question

[sam.utute]

sam please tell me liabilities extract. did you get 5 stock loss in the stock card?

Yep, 5 lost.
Liabilities was only GST, Loan, Creditors I think.
Solutions will be up in a few minutes. You can critique my answers then

[abcdqdxD]

sam please tell me liabilities extract. did you get 5 stock loss in the stock card?

Yep, 5 lost.
Liabilities was only GST, Loan, Creditors I think.
Solutions will be up in a few minutes. You can critique my answers then

Oh no! Get the answers away from me!!

[DiMennzzaa]

For the correcting entry was it

Cartage outward 900
GST clearing 90
Discount revenue    --------- 990




'??

[Nima2703]

sam please tell me liabilities extract. did you get 5 stock loss in the stock card?

Yep, 5 lost.
Liabilities was only GST, Loan, Creditors I think.
Solutions will be up in a few minutes. You can critique my answers then

but bank was credit bal. in trial balance :/ and they only gave 2 marks for that ASSHOLES FUCK

[Nima2703]

For the correcting entry was it

Cartage outward 900
GST clearing 90
Discount revenue    --------- 990
yes



'??

[abcdqdxD]

For the correcting entry was it

Cartage outward 900
GST clearing 90
Discount revenue    --------- 990




'??

Yep, got the same as you!

[sam.utute]

sam please tell me liabilities extract. did you get 5 stock loss in the stock card?

Yep, 5 lost.
Liabilities was only GST, Loan, Creditors I think.
Solutions will be up in a few minutes. You can critique my answers then

but bank was credit bal. in trial balance :/ and they only gave 2 marks for that ASSHOLES FUCK

Nice! Did you put it in the Liabilities section?

[sam.utute]

For the correcting entry was it

Cartage outward 900
GST clearing 90
Discount revenue    --------- 990




'??

Yep, got the same as you!

Had the same as well

[Tragesty]

For the correcting entry was it

Cartage outward 900
GST clearing 90
Discount revenue    --------- 990




'??

Yep, got the same as you!

Same here