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Aqa Accounts Unit 1 15th May

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    Hey Guys im doing this exam tomorrow is anyone else?
    Could do with a hand with a few things!
    Thanks!
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    Hey, Im sitting this exam tomorrow.

    Dunno if i can be any help. But message me!
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    Does anyone know where I can find Accounts Unit 1 Jan 2012 past paper??
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    (Original post by A7iif)
    Does anyone know where I can find Accounts Unit 1 Jan 2012 past paper??
    Papers are not available til 6 months after exam, so your looking like July time (roughly)

    Maybe your college/school has some spare copies, i know its a bit late but ye
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    (Original post by A7iif)
    Does anyone know where I can find Accounts Unit 1 Jan 2012 past paper??

    Enjoy!!
    Attached Files
  1. File Type: pdf January 2012 question paper.pdf (130.9 KB, 407 views)
  2. File Type: pdf January 2012 Mark scheme.pdf (59.4 KB, 435 views)
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    (Original post by lalaland)
    Enjoy!!
    Thank you so much =)
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    (Original post by lalaland)
    Enjoy!!
    Thanks
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    Does can someone confirm this for me?

    A bad debt is taken away from trade receivables (debtors) in the balance sheet?

    Is this true?
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    (Original post by Shawneel)
    Does can someone confirm this for me?

    A bad debt is taken away from trade receivables (debtors) in the balance sheet?

    Is this true?
    Yeah thats true, good luck tomorrow
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    (Original post by MikeySwansea)
    Yeah thats true, good luck tomorrow
    Thanks You 2 xx
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    (Original post by A7iif)
    Thank you so much =)
    (Original post by Shawneel)
    Thanks
    Your welcome!
    (Original post by Shawneel)
    Does can someone confirm this for me?

    A bad debt is taken away from trade receivables (debtors) in the balance sheet?

    Is this true?
    Yes this is true! If you need to write off a bad debt it will be charged as an expense in the income statement (Dr entry) and it will reduce the total of trade receivables (Cr entry)

    However, if the bad debit has already been written off (a debit entry in the trial balance) you only need to include it under expenses. You DO NOT have to reduce your trade receivables.
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    Well how did you all find it?
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    I didnt balance :/

    got something like 2770 (around) for profit and loss
    and net assets i got was around 63050? and bottom of capital i got about 59000 so not too good at all.

    a bit gutted memo's didnt come up or bank recon statements
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    so i found the theory question of 10 marks on sales ledger control account the most tricky! It was easy to define the answer but to explain was my problem

    thoughts?
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    wow that is completely off of what i got Gl3nn
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    my balance sheet didnt even balance....i got 28440 for my net profit?!?!?!?! and my opening balance for the suspense was 1331?!?!?!
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    (Original post by Czaragoza)
    wow that is completely off of what i got Gl3nn
    its only rough i cant really remember to be honest!

    what did people do with regards to the acrrual and prepayment?
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    My balance sheet balanced at 59990.
    I took away 660 for the prepayment, no accruals for me.
    I think the adjustment that looked like an accrual was actually just to trick you, because I didn't enter it at all because it said something like "payment for the 6 months ending 30 September was not entered" and if the balance sheet is for the 31 April, it shouldn't have been entered anyway? I dunno. Mine balanced though so I'm assuming it was okay. D:
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    There is accruals in the paper i done it.. it says accruals for the 6 months so therefore 5 months has not been paid yet because of the amount given in the paper times by 5 and then divide by 6 to get the amount of accruals. i got 29010 for the net profit and 60440 for the BC and balanced .
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    I actually got my balance sheet to balance!!!

    It balanced to like 56570.

    How everyone think it goes?

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Updated: May 18, 2012
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