How did you find the exam?

[StumbleBum]

Just curious, did most people get tricked by question 3E? last year a similar question was asked at 90% got it wrong, 5% 1 mark and 5% 2 marks.
I only noticed it because of last years exam but i reckon it tricked alot of people again.

[link125]

Sam, what do you reckon the A+ or A cut off will be?

Thanks for posting the answers

[Nima2703]

Liabilities needs a total liabilities because its an extract. i got 78/90 being very safe i think

[sam.utute]

Sam, what do you reckon the A+ or A cut off will be?

Thanks for posting the answers

My guess would be around 73, if not lower, seeing as though last year's was 75.
Thanks guys

[sam.utute]

Liabilities needs a total liabilities because its an extract. i got 78/90 being very safe i think

Must have accidentally deleted it. I swear it was there before

[liamlizza1]

With the question 3 e)
It asks what effect would not recording memo 9 on the income statement. Stock loss would be pcerstated which means it would effect adjusted gross profit, but advertising was understated so net profit is not effected. Do you think there is a mark for mentioning the adjusted gross profit?

[DiMennzzaa]

praying to god consequential's  will get me an A

[BoredSatan]

With the question 3 e)
It asks what effect would not recording memo 9 on the income statement. Stock loss would be pcerstated which means it would effect adjusted gross profit, but advertising was understated so net profit is not effected. Do you think there is a mark for mentioning the adjusted gross profit?

Its no effect.. the loss of stock would be found in the stocktake..

SAME QUESTION AS LAST YEAR GUYS..

[liamlizza1]

With the question 3 e)
It asks what effect would not recording memo 9 on the income statement. Stock loss would be pcerstated which means it would effect adjusted gross profit, but advertising was understated so net profit is not effected. Do you think there is a mark for mentioning the adjusted gross profit?

Its no effect.. the loss of stock would be found in the stocktake..

SAME QUESTION AS LAST YEAR GUYS..

Yes i understand net profit is not effected...
But it is asking the effect on the income statement, and since stock loss is overstated, adjusted gross profit is understated

[Nima2703]

i said stock loss overstated and everything else perfect not adjusted gross profit understated

[Bill Ding]

75/90 marked harshly, lets pray to god i get something near that

[Michelle94]

would you loose marks if you didnt total the special journals?

[Toto.]

doesn't memo 9 cause net profit to be overstated by $540?
you've given stock to local shopkeepers as a promotion which means $540 of stock is used for advertising expense
omitting this would mean that you haven't recorded the $540 of advertising expense, causing expenses to be understated, and thus net profit to be overstated?

also where can i find the exam answers from?

[mooimachicken]

how is discount revenue 2390?

[Bill Ding]

Oh yea thanks Sam i will be seeing you at your next lecture in unit 4