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October 04, 2025, 06:27:09 am

Author Topic: 1.2.2 rent revenue adjustment ..... reporting period?  (Read 9125 times)  Share 

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herrinls

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1.2.2 rent revenue adjustment ..... reporting period?
« on: November 04, 2010, 03:48:46 pm »
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didnt know what the reporting period was and wasn't sure how many months the adjustment included ...

so i just did the entry as 5000 [1 month worth]

what did everyone else do?

Stormer

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #1 on: November 04, 2010, 03:49:38 pm »
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I did 1 month for the first one and 12 months for the second part.

But yeah, ambiguous question, no real right or wrong ay?
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herrinls

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #2 on: November 04, 2010, 04:25:56 pm »
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yeh i did 12 months for the next part aswell ... terrible question!

ks04

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #3 on: November 04, 2010, 04:45:30 pm »
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Yea this question annoyed me... as far as i could see no reporting period was stated... :/
So i just opened it with Balance (10x revenue - which probs should have been 11x now i think about it) and had the one lot of accrued :/ eh
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LFTM

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #4 on: November 04, 2010, 04:46:36 pm »
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I did 5000.

darcy42

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #5 on: November 04, 2010, 05:15:47 pm »
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I wrote a note, saying that 'the reporting period was not specified so i assume it was one year', and used a year as the reporting period.
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becky

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #6 on: November 04, 2010, 07:38:15 pm »
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pretty sure it was 5000. Because although it says they should have paid 2 months worth 5000 of that was for the next month which wasn't in that reporting period, so u only include the 5000 consumed

becky

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #7 on: November 04, 2010, 07:39:17 pm »
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AND the reporting period was specified in the very start of the question when the company was introduced, where it tells you about the FIFO and all that... it was dot points i think

VeryCrazyEdu.

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #8 on: November 04, 2010, 07:42:06 pm »
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AND the reporting period was specified in the very start of the question when the company was introduced, where it tells you about the FIFO and all that... it was dot points i think

Not for question 1...it was specified for question 2..... I assumed a year.

Chavi

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #9 on: November 04, 2010, 07:42:23 pm »
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It implied that the R.P was 1 year from Jan1 to Dec31 in question 1.1.2
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becky

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #10 on: November 04, 2010, 07:46:28 pm »
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If anyone managed to not drop a mark you amaze me!

mojomojo

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #11 on: November 04, 2010, 07:54:26 pm »
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I assumed it was 1year reporting period.
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Chavi

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #12 on: November 04, 2010, 07:59:09 pm »
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If anyone managed to not drop a mark you amaze me!
There are some ppl who don't drop any marks across both exams.
Most of those ppl take Umep Accounting, others are simply really good. Here' hoping:)
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becky

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #13 on: November 04, 2010, 08:09:02 pm »
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If anyone managed to not drop a mark you amaze me!
There are some ppl who don't drop any marks across both exams.
Most of those ppl take Umep Accounting, others are simply really good. Here' hoping:)

yeaaah all you smart asians! ;) seee u alll at uni :)

Chavi

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Re: 1.2.2 rent revenue adjustment ..... reporting period?
« Reply #14 on: November 04, 2010, 08:14:03 pm »
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If anyone managed to not drop a mark you amaze me!
There are some ppl who don't drop any marks across both exams.
Most of those ppl take Umep Accounting, others are simply really good. Here' hoping:)

yeaaah all you smart asians! ;) seee u alll at uni :)
not azn. but if u check my subjects, u could probably deduce a nationality . . .
2009: Math Methods CAS [48]
2010: English [47]|Specialist Maths[44]|Physics[42]|Hebrew[37]|Accounting[48]  atar: 99.80
My blog: http://diasporism.wordpress.com/