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    (Original post by Brandon_RNS)
    I got 141,140 for the income statement


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    I got £135,740 - £5,400 different - I think this is from the provision for doubtful debts? You weren't meant to take the £5,400 away from expenses, just add the increase in the provision on!
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    The paper was relatively good. Apart from the income statement-hopefully I got most adjustments right
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    (Original post by tom_elsey)
    I got £135,740 - £5,400 different - I think this is from the provision for doubtful debts? You weren't meant to take the £5,400 away from expenses, just add the increase in the provision on!
    Yh they were contained I'm operating expenses so you were meant to take it away
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    (Original post by Economist21)
    Got exactly the same
    Ahhhh haha, put my mind at ease.

    What did you get in Unit 1 so i can trust you



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    (Original post by tom_elsey)
    I got £135,740 - £5,400 different - I think this is from the provision for doubtful debts? You weren't meant to take the £5,400 away from expenses, just add the increase in the provision on!
    yh i just added the increase in provision to operating expenses. it was £720 or something.
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    (Original post by tom_elsey)
    I got £135,740 - £5,400 different - I think this is from the provision for doubtful debts? You weren't meant to take the £5,400 away from expenses, just add the increase in the provision on!
    You were supposed to, it said in the adjustment, that it was last years provision included not this year trust me i went over this one twice. You are supposed to work out the provision separately


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    (Original post by Infamous12)
    yh i just added the increase in provision to operating expenses. it was £720 or something.
    Yeah 720 increase


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    (Original post by anna21)
    How about income statement ?
    I cant remember exact figure but .
    Revenue - 8400
    cost of sales + 4100
    rent received + 12000
    expenses - 5400 + 720
    director r - 38000
    loss on sales 3000
    less 6% debenture 36000
    less tax 38000
    I got something like that
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    (Original post by Brandon_RNS)
    Yeah 720 increase


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    I literally just added the 720 to the original operating expenses figure. I was thinking about deducting the £5400 but i was running out of time. How many marks lost would you say that is?
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    (Original post by Brandon_RNS)
    You were supposed to, it said in the adjustment, that it was last years provision included not this year trust me i went over this one twice. You are supposed to work out the provision separately


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    Ahh I get it now, should only be 1-2 marks lost, think I did well on the rest of the paper to make up for it
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    (Original post by Infamous12)
    I literally just added the 720 to the original operating expenses figure. I was thinking about deducting the £5400 but i was running out of time. How many marks lost would you say that is?
    Not much mate maybe 3 considering the other adjustments dont worry about it


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    (Original post by Infamous12)
    I literally just added the 720 to the original operating expenses figure. I was thinking about deducting the £5400 but i was running out of time. How many marks lost would you say that is?
    27 marks in total . if you working out they will not lose lots of mark .
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    Question 2 about capital and revenue expenditure . How did you guys do ?
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    (Original post by anna21)
    Question 2 about capital and revenue expenditure . How did you guys do ?
    Included everything except the last one about some annual payment in the cost of the asset


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    I think I did question's 1, 2 & 4 quite well but I messed up the 15 marker on Q3. Literally was begging for a question about Share's or a question about Equity but they didn't come up

    I did 3 past paper's before I went in and got exactly the same mark (70/80) in all of them plus I got 93% in Unit 1 so I was feeling quite good about it but now I feel kinda depressed

    I got £183040 for Q4, Did anyone get that or something similar?
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    (Original post by Brandon_RNS)
    Included everything except the last one about some annual payment in the cost of the asset


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    Yeah cost of vehicle plus the first two. The last one was revenue expenditure so i didnt include it. Do you remember what you got for depreciation?
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    (Original post by Brandon_RNS)
    Included everything except the last one about some annual payment in the cost of the asset


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    yes , i got wrong , i add all of these ) and so my depreciation and profit as well.
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    (Original post by anna21)
    yes , i got wrong , i add all of these ) and so my depreciation and profit as well.
    You had to add the first two but not the last one as it was revenue expenditure


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    (Original post by Tom Richardson)
    For the profit I reduced it by £43700. £35000 for the wages then £4350 x 6 then depreciated it which equalled £8700 for the laptops because there were 6 staff which needed a laptop
    Why would you multiply 4350 by 6 when the total cost of the computers was 4350 and that cost would go into the balance sheet as a current asset. The only effect would be he depreciation of the laptops in the income statement?
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    What did you guys get for the rent part in the IS, because in the notes it said 12000 annual rent but on the draft I think it was 13200, I just assumed they received a prepayment of income of 1200, and under other incomes I just wrote rent is 13200, is that wrong?
 
 
 
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