Accounting AQA Unit 1 - 17th May 2016

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Reply 80

username2373283

Thought I'd absolutely aced that shiii, come here, dreams crushed.

Reply 81

Summerlight

How many lodgements did everybody get??

Reply 82

James6804

Original post by HUSSAIHA15

It would be debited in the sales return account.as we are doing it from the receivables POV it will be credited as it is an income for them

sorry i was talking about the actual sales returns a/c . For a returns out you Cr the individuals a/c then debit the returns out a/c, right? Double entry so its just the opposite

Reply 83

SamMufc

I thought that the 18 didn't need to go in the cashbook because it was only wrong in the bank statement wasn't it? I put it in the bank rec although that was just a guess

Reply 84

jenny01

Original post by Summerlight

How many lodgements did everybody get??

I think I had 2 lodgements but I'm not sure if I was right

Reply 85

Saint150

Did you guys enter any of the cash book figures in the receivable account?

Reply 86

AJDRichardson

I added the 18 to the bank statement in my head so that the balance at bank statement on bank rec should have equalled the balance on the bank statement but + 18

Reply 87

Summerlight

Original post by jenny01

I think I had 2 lodgements but I'm not sure if I was right

I had three but yeah I'm not sure either probably got it wrong :frown:

Reply 88

Saint150

Did you guys put the receivables amount into the Dr side?

Or any of the cash book discounts into the recievable cr account?

Lastly did you guys put the bank balances in the sales account?

Please reply back, thank you.

Reply 89

NikitaPond

Anyone get 4905 debit as the brought down in the cash book?

(edited 7 years ago)

Reply 90

Saint150

Did everybody put the amount in March (one of them were 78000 or something)as bal b/d in the purchase and sales ledger account??

Reply 91

Muhammad_AK

Original post by AccountingHelp

I thought that the 18 didn't need to go in the cashbook because it was only wrong in the bank statement wasn't it? I put it in the bank rec although that was just a guess

I didn't include the £18 as well because there was nothing wrong with the cash book.

Reply 92

df2397

Yeah my net asset was that figure and my recon balanced too

Reply 93

alhrona

Original post by Muhammad_AK

I didn't include the £18 as well because there was nothing wrong with the cash book.

So did you have the balance as at bank as 1042 and you got it to balance? Because i gpt it tp balance at that number

Reply 94

Muhammad_AK

Iv'e heard people balanced it at 1042 but me personally no.

Reply 95

NikitaPond

For my bank rec I got:
Balance as per bank 1042
Add bank error 18
add Wendy's Wardrone 5500
Add Forgotten cheque 450
Less expense 2105
Balance as per cash book 4905.

Reply 96

df2397

Original post by jenny01

What did everyone write in the journal?
I wrote bad depth and debited the value

I wrote bad debts to and contra
I only wrote contra cause it was 3 marks so I thought I might as well guess something else

Reply 97

df2397

Original post by NikitaPond

For my bank rec I got:
Balance as per bank 1042
Add bank error 18
add Wendy's Wardrone 5500
Add Forgotten cheque 450
Less expense 2105
Balance as per cash book 4905.

Yeah this is what i did, but I started from balance as per cash book

Reply 98

SamMufc

Original post by NikitaPond

For my bank rec I got:
Balance as per bank 1042
Add bank error 18
add Wendy's Wardrone 5500
Add Forgotten cheque 450
Less expense 2105
Balance as per cash book 4905.

Yeah that's what I did, but I do it the other way round

Reply 99

jhon394390

what did you guy write for journal .. i did dr bad debt and cr the perosn with bad debt....anywway hoping for a balance sheet or income sttatement in unit 2