Overall how did everyone find the Accounting Exam?

[LFTM]

From boredofstudy, i saw that we're meant to use pen for the exam??? :O
Does it matter? I used pencil for the whole exam lol.

it doesnt matter, pencil is fine. i know people who used pencils for the whole bio exam and nothing happened

[LFTM]

I can see a lot of people are still worrying about this exam with the amount of visitors each day.

i just really hope i can scrape in for an A+, if the cutoff is as low as 08 i can probably make it. But this all depends on how they mark. Are examiners harsh as a whole or does that depend on each examiner.

yaa, i really hope that i can just get a low A+. It depends on the Sundry Creditor controversy too.

does anyone actually know the correct answer to that question anyway? will be interesting...

DR Equipment
DR GST Clearing
   CR Sundry Creditor - business
   CR Stock Control

Something like that, don't have the question book on me.

i did:
DR drawings (dont ask...lol)
CR stock control
DR gst clearing
DR installation
CR sundry creditor (didn't name who it was though)

How many marks do you reckon ill get akirus?

[Akirus]

I can see a lot of people are still worrying about this exam with the amount of visitors each day.

i just really hope i can scrape in for an A+, if the cutoff is as low as 08 i can probably make it. But this all depends on how they mark. Are examiners harsh as a whole or does that depend on each examiner.

yaa, i really hope that i can just get a low A+. It depends on the Sundry Creditor controversy too.

does anyone actually know the correct answer to that question anyway? will be interesting...

DR Equipment
DR GST Clearing
   CR Sundry Creditor - business
   CR Stock Control

Something like that, don't have the question book on me.

i did:
DR drawings (dont ask...lol)
CR stock control
DR gst clearing
DR installation
CR sundry creditor (didn't name who it was though)

How many marks do you reckon ill get akirus?

Depends on their marking scheme, but probably 1/3. There shouldn't be drawings in there and you should have been able to recognize that the installation is apart of the HC of the equipment. GST Clearing and sundry creditor is correct, as well as CR stock control, so maybe a mark there. From what I hear, they may take out a mark for the sundry creditor, though. It COULD be 1/2 or 2/3 depending on your figures.

[mojomojo]

Why did they even ask a question that involves with Sundry Creditor anyway. >.<

[LFTM]

I can see a lot of people are still worrying about this exam with the amount of visitors each day.

i just really hope i can scrape in for an A+, if the cutoff is as low as 08 i can probably make it. But this all depends on how they mark. Are examiners harsh as a whole or does that depend on each examiner.

yaa, i really hope that i can just get a low A+. It depends on the Sundry Creditor controversy too.

does anyone actually know the correct answer to that question anyway? will be interesting...

DR Equipment
DR GST Clearing
   CR Sundry Creditor - business
   CR Stock Control

Something like that, don't have the question book on me.

i did:
DR drawings (dont ask...lol)
CR stock control
DR gst clearing
DR installation
CR sundry creditor (didn't name who it was though)

How many marks do you reckon ill get akirus?

Depends on their marking scheme, but probably 1/3. There shouldn't be drawings in there and you should have been able to recognize that the installation is apart of the HC of the equipment. GST Clearing and sundry creditor is correct, as well as CR stock control, so maybe a mark there. From what I hear, they may take out a mark for the sundry creditor, though. It COULD be 1/2 or 2/3 depending on your figures.

wait..wasn't the question out of 4 marks, or are they taking bits out?

[Akirus]

I can see a lot of people are still worrying about this exam with the amount of visitors each day.

i just really hope i can scrape in for an A+, if the cutoff is as low as 08 i can probably make it. But this all depends on how they mark. Are examiners harsh as a whole or does that depend on each examiner.

yaa, i really hope that i can just get a low A+. It depends on the Sundry Creditor controversy too.

does anyone actually know the correct answer to that question anyway? will be interesting...

DR Equipment
DR GST Clearing
   CR Sundry Creditor - business
   CR Stock Control

Something like that, don't have the question book on me.

i did:
DR drawings (dont ask...lol)
CR stock control
DR gst clearing
DR installation
CR sundry creditor (didn't name who it was though)

How many marks do you reckon ill get akirus?

Depends on their marking scheme, but probably 1/3. There shouldn't be drawings in there and you should have been able to recognize that the installation is apart of the HC of the equipment. GST Clearing and sundry creditor is correct, as well as CR stock control, so maybe a mark there. From what I hear, they may take out a mark for the sundry creditor, though. It COULD be 1/2 or 2/3 depending on your figures.

wait..wasn't the question out of 4 marks, or are they taking bits out?

Oh, it was? Don't have the paper on me. If so, then 2/4.

[mmmmm]

btw, what would be an appropriate answer for 1.2.5? - Explain one benefit of using specialised journals in the recording process.

[Akirus]

Specialized journals allow all similar frequent transactions to be aggregated into convenient totals. This improves the efficiency of the posting process and greatly reduces clutter in the general ledger.

There are others, but this is the most obvious one.

[Syncness]

There was a newspaper article in the Sydney Morning Herald or something about a kid who masturbated before the exams to relief stress.

I believe this was posted on BoS.

Scientifically speaking, it is true, as masturbation releases endorphins (http://en.wikipedia.org/wiki/Endorphin) in our bodies.

[darcy42]

tried and true.

[mmmmm]

btw, my teacher is an assessor, and she said that for the sundry creditor question, everyone will get 4 marks. by everyone, i meant everyone that attempted the paper.

[mojomojo]

My accounting teacher (who is an exams marker) said that they're giving 4 out of 4 marks for the students who have attempted the water tank question.

[mojomojo]

btw, my teacher is an assessor, and she said that for the sundry creditor question, everyone will get 4 marks. by everyone, i meant everyone that attempted the paper.

lol, you beat me to post the news. xD

[kakar0t]

Really? I find this hard to believe lol

What If you spent xx minutes on the question that could've been spent somewhere else on the paper?

[mmmmm]

Really? I find this hard to believe lol

What If you spent xx minutes on the question that could've been spent somewhere else on the paper?

then bad luck, i guess :S