The Student Room Group

OCR Accounting Unit 2

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Reply 20
Original post by Putch1
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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haha no it wasnt i have the past paper here;
it was increased from 350 to 490 mate
Reply 21
Original post by aran0909
haha no it wasnt i have the past paper here;
it was increased from 350 to 490 mate


Look at stock revaluation from the 2012 past papers. There was a decrease.

Idk why you think it's an increase because it was clearly a decrease. I even re-read twice. Can someone confirm this?

Edit: i'll post it in a moment


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(edited 10 years ago)
Reply 22
Original post by Putch1
Look at stock revaluation from the 2012 past papers. There was a decrease.

Idk why you think it's an increase because it was clearly a decrease. I even re-read twice. Can someone confirm this?


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its always an increase even on past papers, ill try show you one,
Reply 23
ImageUploadedByStudent Room1369249629.389430.jpg
ImageUploadedByStudent Room1369249636.904084.jpg

This was from the january 2012 paper. Again not sure why you think it's an increase. It was revalued from 450000 to 300000 something, Not 300000 to 450000 something.

It is also the last question. Why would they make it very easy for people to answer this without having a clear understanding?

Original post by aran0909
its always an increase even on past papers,


No, that is definitely not true


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(edited 10 years ago)
Reply 24
Original post by Putch1
ImageUploadedByStudent Room1369249629.389430.jpg
ImageUploadedByStudent Room1369249636.904084.jpg

This was from the january 2012 paper. Again not sure why you think it's an increase. It was revalued from 450000 to 300000 something, Not 300000 to 450000 something.

It is also the last question. Why would they make it very easy for people to answer this without having a clear understanding?



No, that is definitely not true


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http://gyazo.com/524ab8765ca3910ff4af1bcf82ba25fb
have a look there, and it honestly is i have photos of the paper which i will upload tomorrow and the question states, assests were also reevaluated from £350,000 to £490,000.
Therefore a Cr entry in the capital account.
Also what did you get your figures to match at on question 2?
Reply 25
Original post by aran0909
http://gyazo.com/524ab8765ca3910ff4af1bcf82ba25fb
have a look there, and it honestly is i have photos of the paper which i will upload tomorrow and the question states, assests were also reevaluated from £350,000 to £490,000.
Therefore a Cr entry in the capital account.
Also what did you get your figures to match at on question 2?


You have the may 2013 paper? If you do, upload it as it will be easier to discuss.

Question 2, disposals figure were 1820, 13700, bank 4000, can't remember the rest...


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Reply 26
Original post by Putch1
You have the may 2013 paper? If you do, upload it as it will be easier to discuss.

Question 2, disposals figure were 1820, 13700, bank 4000, can't remember the rest...


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yeaah my dad teaches accounting, but he said i cant upload untill tomorrow as you have to wait 24 hours after the exam?
also yeah thats sounds right, what about your control accounts what did u get?
Reply 27
Original post by aran0909
yeaah my dad teaches accounting, but he said i cant upload untill tomorrow as you have to wait 24 hours after the exam?
also yeah thats sounds right, what about your control accounts what did u get?


No, that for edexcel exams only. OCR and AQA can be uploaded.

Control accounts 74300, 91300. Same as the other guys on this thread


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(edited 10 years ago)
Reply 28
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Reply 29
Original post by Putch1
(Delete)

which other guy, the other guy said the same as me
74300 and 97300 or something around there
Reply 30
Original post by aran0909
which other guy, the other guy said the same as me
74300 and 97300 or something around there


yea thats correct although i think it was 91300. Upload the paper as you are allowed to. The 24 hour rule applies for edexcel exams only.


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Reply 31
Original post by Putch1
yea thats correct although i think it was 91300. Upload the paper as you are allowed to. The 24 hour rule applies for edexcel exams only.


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if i do it will have to be at 10pm when dads home, and hmm quite cant remember what i got it was either 91300 or 97300
on the recon statement for that one what did u add/minus?
Reply 32
Original post by aran0909
if i do it will have to be at 10pm when dads home, and hmm quite cant remember what i got it was either 91300 or 97300
on the recon statement for that one what did u add/minus?


There were 2 items....again can't remember until you upload the paper. We can start real discussions then.


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Reply 33
Original post by Putch1
There were 2 items....again can't remember until you upload the paper. We can start real discussions then.


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okay mate just check this thread tomorrow mate, and yeah i had 2 things im sure it was 97 though hmm....
Reply 34
I also got 97,300 for my Control Account . Hope it's correct :afraid:
Reply 35
Original post by Ray0312
I also got 97,300 for my Control Account . Hope it's correct :afraid:

hopefully haha
few people getting that
also where did u put the assest revaluation in qyestoin 4?
Reply 36
Original post by aran0909
hopefully haha
few people getting that
also where did u put the assest revaluation in qyestoin 4?

I put the revaluation in the credit of my Capital Account
Reply 37
Original post by Ray0312
I put the revaluation in the credit of my Capital Account

Thats what i did and the other guy was adament on it being a decrease when it was in increase,
was it from 350 to 490? or was it something else?
Reply 38
If your schedule of debtors/creditors matches your new balance bd on the control account, you got them both right, right?
Reply 39
Original post by Putch1
There were 2 items....again can't remember until you upload the paper. We can start real discussions then.


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When will you upload the paper? Thanks

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