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    (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
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    (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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    (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,
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    Name:  ImageUploadedByStudent Room1369249629.389430.jpg
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    Name:  ImageUploadedByStudent Room1369249636.904084.jpg
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    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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    (Original post by Putch1)
    Name:  ImageUploadedByStudent Room1369249629.389430.jpg
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    Name:  ImageUploadedByStudent Room1369249636.904084.jpg
Views: 71
Size:  39.9 KB

    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


    Posted from TSR Mobile
    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?
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    (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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    (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?
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    (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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    (Original post by Putch1)
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    which other guy, the other guy said the same as me
    74300 and 97300 or something around there
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    (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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    (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?
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    (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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    (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....
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    I also got 97,300 for my Control Account . Hope it's correct :afraid:
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    (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?
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    (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
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    (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?
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    If your schedule of debtors/creditors matches your new balance bd on the control account, you got them both right, right?
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    (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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