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March 24, 2026, 08:49:11 am
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eeps

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Re: EPL.11.4ever.'s Question Thread
« Reply #240 on: October 09, 2010, 06:25:12 pm »
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I was wondering if anyone has a copy of the 2007 NEAP Exam SOLUTIONS?.. that they could post up? :)

Thanks if anyone has it.
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sam.utute

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Re: EPL.11.4ever.'s Question Thread
« Reply #241 on: October 09, 2010, 07:04:19 pm »
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Here it is! :D

Question:

Is it necessary to show both Credit Sales and Cash Sales separately in the Profit and Loss Statement, or can we just lump them together as Sales?
I was doing the CPAP (or CRAP) exam, and I noticed that they had:

Revenue
Credit Sales          xxx
Cash Sales           xxx
less Sales Returns xxx xxx

Is it okay to group them together?
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eeps

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Re: EPL.11.4ever.'s Question Thread
« Reply #242 on: October 09, 2010, 07:21:34 pm »
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Quote from: asap531 on October 09, 2010, 07:04:19 pm
Here it is! :D

Question:

Is it necessary to show both Credit Sales and Cash Sales separately in the Profit and Loss Statement, or can we just lump them together as Sales?
I was doing the CPAP (or CRAP) exam, and I noticed that they had:

Revenue
Credit Sales          xxx
Cash Sales           xxx
less Sales Returns xxx xxx

Is it okay to group them together?

Thanks! :D

Yeah, normally I just group Credit and Cash Sales together... to save time and space. I don't think it really matters... as long as your (total) Sales equals the amount of Credit + Cash Sales.
« Last Edit: October 09, 2010, 09:25:16 pm by EPL.11.4ever. »
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eeps

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Re: EPL.11.4ever.'s Question Thread
« Reply #243 on: October 10, 2010, 07:38:42 pm »
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How's everyone going with their Accounting revision? :)

I've probably done about 10~11 exams... but I've got a couple which are incomplete (90% done) because I have no idea what the answer is. I haven't done any exams under timed conditions yet... will do soon. Most of the exams I have done have been so-so... most of them being straight-forward, but there is always a question that I don't know to the answer to. It's annoying.

I find NEAP and Insight are quite good exams.

I generally now lose marks on careless errors (dates/misreading the question etc.) or not getting the question at all! :P

How about you guys?
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darcy42

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Re: EPL.11.4ever.'s Question Thread
« Reply #244 on: October 10, 2010, 08:12:30 pm »
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I've done 12, need to get more off my teacher though. I think if I can get Accounting revision out of the way early I can focus on other subjects. They rarely take me longer than one hour if I'm concentrating.
I only ever think I may have lost marks because the company practice exams only give one possible answer for theory questions, so if mine isn't that one I can never be sure.
But the prac is fine, it's so methodical and the bank of possible questions is not huge.
Looking forward to getting in there and doing it!
Good luck EPL, hope you get your deserved 40. Good luck everyone else.
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toshibaj

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Re: EPL.11.4ever.'s Question Thread
« Reply #245 on: October 10, 2010, 08:14:44 pm »
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Quote from: EPL.11.4ever. on October 10, 2010, 07:38:42 pm

I generally now lose marks on careless errors (dates/misreading the question etc.) or not getting the question at all! :P


lol how else can you lose marks? but yeah i'm pretty much the same.

I'm trying to do an error document, but for every exam i write like a page worth of things I think I ought to remember! Hopefully that gets better...

and yeah good luck everyone.
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eeps

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Re: EPL.11.4ever.'s Question Thread
« Reply #246 on: October 10, 2010, 08:25:41 pm »
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Quote from: darcy42 on October 10, 2010, 08:12:30 pm
Good luck EPL, hope you get your deserved 40. Good luck everyone else.

Cheers mate. Good Luck to you as well darcy42! :)

Quote from: toshibaj on October 10, 2010, 08:14:44 pm
lol how else can you lose marks? but yeah i'm pretty much the same.

and yeah good luck everyone.

LOL pointed out the obvious didn't I? :P

Good Luck to you as well. :)

GOOD LUCK TO EVERYONE DOING ACCOUNTING!.. irrespective of what you're aiming for... give the exam your best shot possible and have no regrets! :)
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sam.utute

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Re: EPL.11.4ever.'s Question Thread
« Reply #247 on: October 10, 2010, 10:16:58 pm »
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Seeing as though everyone's getting sentimental, I'm joining in lol. darcy42 and EPL: I'm gonna post up my exam mistakes/error document which has all the exams I have listed soon (when I finish my last prac exam. I'm almost finished - week max :P). Have a peek at that and let me know if I have some exams that you guys want. You both have been a big help throughout the year. :D

Study hard for the last month or so!

Sam
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sam.utute

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Re: EPL.11.4ever.'s Question Thread
« Reply #248 on: October 11, 2010, 03:56:45 pm »
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This is my error document for Accounting Unit 4. Let me know what exams you guys need :).
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eeps

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Re: EPL.11.4ever.'s Question Thread
« Reply #249 on: October 11, 2010, 05:45:43 pm »
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Could I get/or you post up TSSM 2007-10, TSSM 2010, NEAP 2009, QAT 2005 and COMPAK 2009 exams...? I hope this isn't too much to ask.

I think I've either done the rest of them or have got them already.

LOL NICE scores btw. :)

Although the COMPAK 2008 exam wasn't too good (77/90)... comparatively. :P
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TyErd

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Re: EPL.11.4ever.'s Question Thread
« Reply #250 on: October 11, 2010, 05:56:36 pm »
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COMPAK 09
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"Don’t ever let somebody tell you you can’t do something, not even me.  Alright?  You got a dream, you gotta protect it.  People can’t do something themselves, they wanna tell you you can’t do it.  If you want something, go get it, period." - Chris Gardner

TyErd

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Re: EPL.11.4ever.'s Question Thread
« Reply #251 on: October 11, 2010, 05:57:57 pm »
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this might be useful to some
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"Don’t ever let somebody tell you you can’t do something, not even me.  Alright?  You got a dream, you gotta protect it.  People can’t do something themselves, they wanna tell you you can’t do it.  If you want something, go get it, period." - Chris Gardner

eeps

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Re: EPL.11.4ever.'s Question Thread
« Reply #252 on: October 11, 2010, 06:09:14 pm »
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sam.utute

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Re: EPL.11.4ever.'s Question Thread
« Reply #253 on: October 11, 2010, 06:39:42 pm »
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Quote from: EPL.11.4ever. on October 11, 2010, 05:45:43 pm
Could I get/or you post up TSSM 2007-10, TSSM 2010, NEAP 2009, QAT 2005 and COMPAK 2009 exams...? I hope this isn't too much to ask.

I think I've either done the rest of them or have got them already.

LOL NICE scores btw. :)

Although the COMPAK 2008 exam wasn't too good (77/90)... comparatively. :P

LOL yeah, fail on Compak '08. Don't know what happened :(

TSSM 2010 Attached
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darcy42

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Re: EPL.11.4ever.'s Question Thread
« Reply #254 on: October 11, 2010, 07:10:10 pm »
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Thanks guysss.
Do you guys print off these exams? I only get hard copies off my teacher, do not have an adequate printer for so many pages.
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