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September 09, 2025, 07:25:06 am
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Author Topic: how did everybody go?  (Read 24469 times)  Share 

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sdhains

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Re: how did everybody go?
« Reply #15 on: November 05, 2009, 02:42:07 pm »
Quote from: Ilovemathsmeth on November 05, 2009, 02:37:02 pm
Why can't you add them to the product's cost? If you can't, what was the point of them telling us 90 posters were left at the end of the period?
To trick people? My accounting teacher (whose word is perhaps fallible) said that they are selling expenses.
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unknown12

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Re: how did everybody go?
« Reply #16 on: November 05, 2009, 02:42:19 pm »
Yeh i realsied, thank god for consequentials haha. It was the original.
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gfc09

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Re: how did everybody go?
« Reply #17 on: November 05, 2009, 02:42:42 pm »
where was stock write down meant to go in the profit and loss
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ryanb

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Re: how did everybody go?
« Reply #18 on: November 05, 2009, 02:44:12 pm »
2.1.2 was a purchases return and the it was an original copy
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PepsiMax

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Re: how did everybody go?
« Reply #19 on: November 05, 2009, 02:49:43 pm »
Quote from: gfc09 on November 05, 2009, 02:42:42 pm
where was stock write down meant to go in the profit and loss
Where stock loss/gain usually goes (ie - after gross profit).
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plbuck

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Re: how did everybody go?
« Reply #20 on: November 05, 2009, 02:59:33 pm »
I think I went alright, not as hard as I thought it would be.

The only things that tripped me were the rent questions and how they increased the rent at the end of August.

What did people do for the General Journal on the 31st December for the missed payment?

Besides that and the netball one I think I did fine :-)
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sdhains

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Re: how did everybody go?
« Reply #21 on: November 05, 2009, 03:01:39 pm »
Quote from: plbuck on November 05, 2009, 02:59:33 pm
I think I went alright, not as hard as I thought it would be.

The only things that tripped me were the rent questions and how they increased the rent at the end of August.

What did people do for the General Journal on the 31st December for the missed payment?

Besides that and the netball one I think I did fine :-)

Accrued Rent Revenue DR 2200
Rent Revenue CR 2200
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unknown12

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Re: how did everybody go?
« Reply #22 on: November 05, 2009, 03:02:41 pm »
I misread that question at first to, but it said the payment for december had not been recieved, hence Sam's answer is correct
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dukesofmelbourne

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Re: how did everybody go?
« Reply #23 on: November 05, 2009, 03:11:20 pm »
wasnt 2.1.2 a dulpilcate cause the owner keeps the original?
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greenvt

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Re: how did everybody go?
« Reply #24 on: November 05, 2009, 03:12:15 pm »
how did u guys find the payments to creditors bit in the recon of accounts?
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plbuck

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Re: how did everybody go?
« Reply #25 on: November 05, 2009, 03:13:43 pm »
Quote from: sam5 on November 05, 2009, 03:01:39 pm

Accrued Rent Revenue DR 2200
Rent Revenue CR 2200

Awesome,

Thanks, Thats what I ended up putting down :-)
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unknown12

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Re: how did everybody go?
« Reply #26 on: November 05, 2009, 03:14:18 pm »
Nah the customer always gets the original
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gfc09

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Re: how did everybody go?
« Reply #27 on: November 05, 2009, 03:14:45 pm »
Quote from: greenvt on November 05, 2009, 03:12:15 pm
how did u guys find the payments to creditors bit in the recon of accounts?

did stock control account first
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boogabrain4

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Re: how did everybody go?
« Reply #28 on: November 05, 2009, 03:17:07 pm »
wouldn't have said it was easy, but not too bad. i also didn't really think it was easier than last year's...but we'll see. some of the answers given above look familiar, but others (like SWD) don't...
that netball one was confusing tho!
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nikinoo

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Re: how did everybody go?
« Reply #29 on: November 05, 2009, 03:28:20 pm »
did anyone find that they left a line out of the template for the sales return and purchases return ??
a lot of people from my school found that..
confused so many of us that we left an entry out to make it fit the template.
stupid vcaa
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