1.2.2 rent revenue adjustment ..... reporting period?

[z1m2v3]

you are a jew!

[kakar0t]

you are a jew!

dood unless i'm mistaken, a "Jew" is not a nationality.

[LFTM]

He's hebrew.

[_avO]

I think you could deduce that it was a 1 year reporting period, as the first question had a balance sheet extract (computer system and depn) as at 31 dec 2010, then a question asked about 31 dec 2011, so yea.. Then again it is not clearly stated enough to assume this! Bloody VCAA get it in gear!

[LFTM]

So if i did 5000, this is wrong?

[mmmmm]

I think you could deduce that it was a 1 year reporting period, as the first question had a balance sheet extract (computer system and depn) as at 31 dec 2010, then a question asked about 31 dec 2011, so yea.. Then again it is not clearly stated enough to assume this! Bloody VCAA get it in gear!

But $10 000 is definitely wrong right?

[_avO]

Not necessarily, they may have to review this paper to make a concise decision; maybe if a large majority of the state assumed 1 month R.P they will let it slide, otherwise I'm not so sure. Even so, I didn't even get it right and only got 1 entry right xD (P&L Summary)

[LFTM]

Wait, are you talking about the ledger account or GJ?

[_avO]

Well the ledger (rent revenue account), but I guess what I said can apply to both

[Stormer]

I think you could deduce that it was a 1 year reporting period, as the first question had a balance sheet extract (computer system and depn) as at 31 dec 2010, then a question asked about 31 dec 2011, so yea.. Then again it is not clearly stated enough to assume this! Bloody VCAA get it in gear!

But $10 000 is definitely wrong right?

Yes

[LFTM]

For ledger i did

CR bank 55000
CR prepaid rent rev 5000
DR p&l summary 60000


This is so wrong isn't it?

[becky]

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 . . .

haha hebrew thats sick!!! yourr a geeek! i'm sure you've done really  great so far! u worried about methods?

[_avO]

For ledger i did

CR bank 55000
CR prepaid rent rev 5000
DR p&l summary 60000


This is so wrong isn't it?

Thats exactly what I wrote haha xD (was the first thing I thought of after reading it), I'm not so sure if it's right or not but I think you had to factor in the fact that the person could not repay the November payment as well as the December payment, so that means 2 months was accrued and 10 months were earned (had no clue that the question was relating to that passage above it!!)

[Stormer]

For ledger i did

CR bank 55000
CR prepaid rent rev 5000
DR p&l summary 60000


This is so wrong isn't it?

Yes

[_avO]

You will get 1 mark though for P&L Summary