As Level Aqa Accounting Unit 1 Reaction Watch

markyb16
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#21
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#21
i thought if a debtor pays up then it increases your current assets in this case getting rid of the overdraf rather than affecting profit
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victor_b1992
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#22
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#22
(Original post by markyb16)
i thought if a debtor pays up then it increases your current assets in this case getting rid of the overdraf rather than affecting profit
Well if a debtor pay you increase your bank but then decrease your debtor figure.
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abcdefg11
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#23
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#23
Last question kinda confused me (source documents, the debtor account for Fabrique and the suspense accouint).

I got the following answers:

Source documents: Sales invoice, paying-in slip, credit note

The debtor account:
debit 918 (bal b/d), 445 (sales)
credit 137(returns inwards), 872 (bank), 46 (discounts allowed)

Suspense account:
debit 131 (opening balance), 9, 100
credit 240


Anybody get these answers too??
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Newyork Nagaram...
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#24
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#24
(Original post by abcdefg11)
Last question kinda confused me (source documents, the debtor account for Fabrique and the suspense accouint).

I got the following answers:

Source documents: Sales invoice, paying-in slip, credit note

The debtor account:
debit 918 (bal b/d), 445 (sales)
credit 137(returns inwards), 872 (bank), 46 (discounts allowed)

Suspense account:
debit 131 (opening balance), 9, 100
credit 240


Anybody get these answers too??
same wah u goh 4 netprofit n balance sheet

last 1 cash book i goh cash book
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abcdefg11
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#25
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#25
(Original post by mufas)
same wah u goh 4 netprofit n balance sheet

last 1 cash book i goh cash book
Netprofit: 29,310
Balance sheet: 18,180


And what you mean you got cash book?
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Newyork Nagaram...
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#26
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#26
(Original post by abcdefg11)
Netprofit: 29,310
Balance sheet: 18,180


And what you mean you got cash book?
for the last part source DOC u had credit note mine waz cash book ..

did ur 1 balancesheet balance??
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abcdefg11
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#27
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#27
(Original post by mufas)
for the last part source DOC u had credit note mine waz cash book ..

did ur 1 balancesheet balance??
Oh.. It cant be cash book coz thats a subsidary book, not a source document.

And ye balance sheet balanced at 18,180. Did yours?
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flugestuge
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#28
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#28
(Original post by mufas)
same wah u goh 4 netprofit n balance sheet

last 1 cash book i goh cash book
Would you mind repeating that in coherent English ?
The national language is not garbled text-speak.
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Newyork Nagaram...
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#29
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#29
(Original post by abcdefg11)
Oh.. It cant be cash book coz thats a subsidary book, not a source document.

And ye balance sheet balanced at 18,180. Did yours?
yh that's what i think i got...

i wrote NO Effect for none of them since it didn't balance

it was off by 700 then i had 2 include loan n debtor on netprofit :rolleyes: then It DID

is that what u done?
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abcdefg11
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#30
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#30
(Original post by mufas)
yh that's what i think i got...

i wrote NO Effect for none of them since it didn't balance

it was off by 700 then i had 2 include loan n debtor on netprofit :rolleyes: then It DID

is that what u done?

Cant really remember the transactions for the adjusted net profit question. But I remember it went something like: Subtract, Add, Subtract, Subtract, No effect, No effect, Subtract
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