AQA Accounting Unit 2 - 22nd May

Surely there is a reason why limited company income statements have never been asked? It would be strange to suddenly ask them now but you cant rule anything out, since they do ask for balance sheets for limited companys.

Whats an appropriation account :/

Yeh, they might just add a appropriation account question that relates to the income statement. I think a balance sheet will come up, i don't see many of them in Unit 2 past papers.

Appropriation accounts are not in the specification, dont worry about those.

Oh thank God, I've finally found a thread for this paper. Good luck to you guys!

Asadsiddiq, that document helps SO MUCH, thank you!

I don't know how I feel. I'm making loads of notes, and I understand them, but I haven't attacked a past paper yet.

I'm just struggling answering this question: "How do you make a profit while having an overdraft?" Any help please?

Surely there is a reason why limited company income statements have never been asked? It would be strange to suddenly ask them now but you cant rule anything out, since they do ask for balance sheets for limited companys.

Limited Company income statements were asked last year June 2012, I'm hoping it features again.

That is a balance sheet.

I hope we don't have to evaluate any ratio's or liquidity for like 15 odd marks. Thats gonna be a killer.

Timing difference of credit sales. Purchase of a non current asset. Drawings.

That came up In June 2012 so is unlikely to feature again but just in case check out the January 2010 Mark scheme (Very last question) It gives more information than the June 2012 one, so that's your best bet.

Same, ACCN 2 sucks, I'm struggling with everything :P how about you?

Appropriation accounts are not in the specification, dont worry about those.

I feel the same, everything is so complicated, and I sometimes they change the shares of say 25p to £1.00 by multiplying it by 4, I don't understand why, why don't they just leave it at 25p?