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AQA ACCOUNTING UNIT 2, 19th MAY 2017

Prediction? What will come up?

From my opinion, Sale of non-current asset double entry could be a massive one.

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yeah I think disposals double entry or part exchange is likely to be on this paper and ratios are in pretty much all the papers in some forms

for the written I reckon it might be types of business ownership or maybe ict

Reply 2

leor

Also, calculate issue of shares, share premium .
I think this section will be quite big as well.

Reply 3

Arii15

Hey guys I am actually from holland. Had my very first exam today. I just want to know. If you score an D or something on Unit 1 and a B,C,C on the three other units. Will it say that you have an overall of let say C? My university wants grades between A-C for three A level subjects. So how does it actually work? I dont know anything about the procedure...

Reply 4

leor

Hi everyone, How was it?

Reply 5

jakebonnington

Original post by leor

Hi everyone, How was it?

apart from the blessing of the ratios questions the others were absolutely ****

Reply 6

iqra26

Original post by leor

Hi everyone, How was it?

i found the 17 marker a bit different like i didn't have that much to say about it. How did you do with the question ?

Reply 7

leor

Original post by iqra26

i found the 17 marker a bit different like i didn't have that much to say about it. How did you do with the question ?

I did quite well in this question as my predicted was right that this kind of question will come up. it's exactly the same as june 2012 i guess

Reply 8

Sexy beast

For the 17 marker i just gave one adv of choosing preference shares and explained and then a disadv and explained and i repeated for debentures

Reply 9

Sexy beast

did anyone adjust loan interest for 3 months on the income statement?

Reply 10

username2052983

Original post by Sexy beast

did anyone adjust loan interest for 3 months on the income statement?

Yeah I did because it started from december or something.

Reply 11

Sexy beast

Original post by BintM

Yeah I did because it started from december or something.

What did you get for the adjusted depreciation for equipment

Reply 12

username2052983

Original post by Sexy beast

What did you get for the adjusted depreciation for equipment

70,000 i think
iIt was probably wrong. what did you put down?

Theres another more active thread for accn2 would you like me to tag you in it?

Reply 13

jakebonnington

Original post by Sexy beast

did anyone adjust loan interest for 3 months on the income statement?

i put it in finance costs to give me profit before tax

Reply 14

username2052983

Original post by jakebonnington

i put it in finance costs to give me profit before tax

Same but did you adjust it so its only for the three months?

Reply 15

Sexy beast

Original post by BintM

70,000 i think
iIt was probably wrong. what did you put down?

Theres another more active thread for accn2 would you like me to tag you in it?

The business disposed equipment and also purchased new ones. so I first took away the net book value of the disposed equip from teh total equip cost and then i added the cost of the purchased equip and multiplied it by the depreciation rate.
idk prob wrong.

and sure

Reply 16

username2052983

Original post by Sexy beast

So you didn't get the same? I cant even remember what i did lol

Reply 17

Sexy beast

Original post by BintM

Same but did you adjust it so its only for the three months?

isn't loan interest supposed to go under expense?

and stuff like debentures interest and preference shareholder fixed rate of dividends paid on finance cost?