Accounting Exam Discussion Thread

[S61778]

I did it again just now and got this answer by multiplying Sept, Oct, Nov by 0.8 then September by 0.1, October by 0.35 and November by 0.5. Then added them together and multiply by 1.1 to include GST

yay thats what i did. did we have to show working out to get full marks?

[Damoz.G]

yay thats what i did. did we have to show working out to get full marks?

If you wrote down the correct answer, then I'm pretty sure you get full marks.

[Kuroyuki]

yay thats what i did. did we have to show working out to get full marks?
[/quote i did one of those tables
]My marking scheme
95-45
95-46
All the way to 100-50
Then sacs will calc the prems
I just I don't lose random marks on theory *sigh*
Only gotta live thru this experience another 7 times yay

[IT_Failure]

If you wrote down the correct answer, then I'm pretty sure you get full marks.

It's 4 marks, wouldn't working be part of it?

[Damoz.G]

It's 4 marks, wouldn't working be part of it?

As far as I know, Accounting is different from Maths subjects. If you don't do any working, but get the correct answer, you get full marks. However, if its wrong, then you get 0.

[S61778]

i did working in the last one cause i had to but not for the other questions

[Damoz.G]

i did working in the last one cause i had to but not for the other questions

Ohhhh...same here. I didn't even know that there was Working Space until after I'd done the Question.

[BoredSatan]

Also, there was a typo for Q10. For November, it says (Estimated). Its meant to be Actual, not Estimated.

The business is preparing a Cash Budget for the MONTH of December 2013. A couple of other typos that I picked up on as well.

dont think this is a typo, they could be preparing it in october since they can already predict the figures then

[DPmatt]

For question 10 I stupidly forgot GST, didn't even think about it.
I showed all working though, will I still get some consequential marks?

[Damoz.G]

dont think this is a typo, they could be preparing it in october since they can already predict the figures then

Yeah, I guess that's true.

[Damoz.G]

For question 10 I stupidly forgot GST, didn't even think about it.
I showed all working though, will I still get some consequential marks?

Probably would get 2 or 3 out of 4.

[S61778]

Ohhhh...same here. I didn't even know that there was Working Space until after I'd done the Question.

yeah same! showing working is good so they can give you marks if you just made an error adding up

[BoredSatan]

What did people do in question 8 if you remember haha. It was a pre-adjustment trial balance and you had to close some expense accounts. Did you guys add anything to the cost of sales figure because of the prepaid sale, or did you already assume it was added already since it was done in the sales journal on the 29th of June

[S61778]

For question 10 I stupidly forgot GST, didn't even think about it.
I showed all working though, will I still get some consequential marks?

if thats all you forgot then you'd be unlucky to not get 3, at least 2

[S61778]

if thats all you forgot then you'd be unlucky to not get 3, at least 2

What did people do in question 8 if you remember haha. It was a pre-adjustment trial balance and you had to close some expense accounts. Did you guys add anything to the cost of sales figure because of the prepaid sale, or did you already assume it was added already since it was done in the sales journal on the 29th of June

yeah did nothing to COSales  just adjusted sales made it higher and added stock gain