OCR Accounting Unit 2

i was just wondering if anyone who does OCR accounting thought they might have a good idea what might be on the paper next wedbesday for unit 2? :smile:

Reply 1

star57

I will be doing this exam tomorrow! :/ I've got a feeling partnerships, control accounts, methods of depreciation and stock valuation and maybe journals might come up. But that's just based on what ddidn't come up in January's exam.

Reply 2

kaylgard

Good luck guys! Ill be doing this exam today too, hope it goes well! I think incomplete records are going to come up but who knows!

Reply 3

aran0909

How did you guys find it?

Reply 4

kaylgard

I thought question 3 was a bit hard, question 2 and 4 were fine! but i didnt balance on question 1 :frown:

Reply 5

aran0909

Original post by kaylgard

I thought question 3 was a bit hard, question 2 and 4 were fine! but i didnt balance on question 1 :frown:

i was 2000 off balancing, and for the control account one i managed to match the figures up but i think they may have been the wrong ones.

Reply 6

kaylgard

I hope the grade boundaries are lower this year! haha

Reply 7

aran0909

me too haha, what did u get for the control account figures?

Reply 8

kaylgard

i think the purchase ledger was something like 91,300
cant remember the sales one :frown:

Reply 9

aran0909

Original post by kaylgard

i think the purchase ledger was something like 91,300
cant remember the sales one :frown:

i think i got 74300 and 97300
really need them to be right :frown:

Reply 10

kaylgard

actually yeah! it was 97,300!! definitely, i remember now:') and me! lost marks on question 3 so cant afford to lose any more

Reply 11

aran0909

Original post by kaylgard

actually yeah! it was 97,300!! definitely, i remember now:') and me! lost marks on question 3 so cant afford to lose any more

yeasss haha gives me a bit more hope
anyway good luck with any other exams u have and hope you get the results you want x!

Reply 12

kaylgard

Original post by aran0909

yeasss haha gives me a bit more hope
anyway good luck with any other exams u have and hope you get the results you want x!

thank you! and you :smile:

x

Reply 13

Putch1

2

For last question, share of profits was 110000 something each right?

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Reply 14

kaylgard

Original post by Putch1

For last question, share of profits was 110000 something each right?

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yeah thats what i had!

Reply 15

Putch1

2

Original post by kaylgard

yeah thats what i had!

Nice!

and also for capital accounts. Edwin and venessa had bal c/d on the debit side right? Stock introduced was credited in the capital account. Revaluation debited. Also interest on drawings was 660 and 600.

Also for the 1st question, did you get net profit as 29800? For the sales figure, we didn't have to add drawings right?

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Reply 16

kaylgard

Original post by Putch1

Nice!

and also for capital accounts. Edwin and venessa had bal c/d on the debit side right? Stock introduced was credited in the capital account. Revaluation debited. Also interest on drawings was 660 and 600.

Also for the 1st question, did you get net profit as 29800? For the sales figure, we didn't have to add drawings right?

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yeah i had all that for the last question :smile:

yeah i had something like that for the net profit, and i dont think so, it was just discounts :smile:

Reply 17

aran0909

Original post by Putch1

Nice!

and also for capital accounts. Edwin and venessa had bal c/d on the debit side right? Stock introduced was credited in the capital account. Revaluation debited. Also interest on drawings was 660 and 600.

Also for the 1st question, did you get net profit as 29800? For the sales figure, we didn't have to add drawings right?

Posted from TSR Mobile

nope
re-evaluation ar credit

Reply 18

Putch1

2

Original post by aran0909

nope
re-evaluation ar credit

Revaluation was a decrease from 450000 to 300000 something. Therefore it should be debited. If it was an increase, it should be credited. This was again in the past papers

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