Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    10
    ReputationRep:
    (Original post by alhrona)
    yeah i got that for depreciation but i put it on the debit for provision will i get method marks or something?
    If you caluclated the percentage of recivables correctly you will get marks for workings for sure.
    Offline

    9
    ReputationRep:
    (Original post by Iscodisco)
    If you caluclated the percentage of recivables correctly you will get marks for workings for sure.
    2.5% x 45000 = 1125 for doubtful debts for april 2016?
    and i got the depreciation for april aswell which was 82500-21000 = 61500 x 30% = 18450
    will i get marks?
    Offline

    10
    ReputationRep:
    Yeah i got the same figures as you for provision for doubtful debts and depreciation, and those calculations are bound to be at least two marks each so yes you will get marks for workings i am sure.
    Offline

    1
    ReputationRep:
    Has anyone put together an unofficial mark scheme?
    Offline

    1
    ReputationRep:
    (Original post by Iscodisco)
    What did you guys put for the last question? I used up the entire space with three different points (best two will be used). I said soemhing about holding invenotry for a shorter period by using systems such as just in time stock control.
    i included that point too
    Offline

    1
    ReputationRep:
    (Original post by qazxsw123)
    I just guessed it

    1. increase cost of sales as it increases the turnover, however it would only be beneficial is sales increase at a faster rate which increases gross profit.

    2. Reduce prices as it increases sales (didnt elaborate)

    Did i get it completely wrong?
    Didnt the question say that the directors thought about this point but then ruled it out? Or am i remembering it wrong?
    Offline

    1
    ReputationRep:
    I got 166% as gear ratio..fck!

    Thought it was

    DEBT (debenture + preference shares)
    EQUITY (retained earnings + ordinary shares)

    multiplied by 100
    Offline

    1
    ReputationRep:
    (Original post by Sstar123)
    Didnt the question say that the directors thought about this point but then ruled it out? Or am i remembering it wrong?
    It said something along the lines of they thought about increasing the sales through advertisement.
    Offline

    1
    ReputationRep:
    (Original post by qazxsw123)
    It said something along the lines of they thought about increasing the sales through advertisement.

    ohhhhhh yeah
    Offline

    1
    ReputationRep:
    (Original post by alhrona)
    just looked on the June 2014 Accn2 paper and i can confirm balance b/d on the debit for provision for depreciation( its a very similar question)
    Its on the credit, should be opposite of assets.
    Offline

    9
    ReputationRep:
    (Original post by idfk_alex)
    I got 166% as gear ratio..fck!

    Thought it was

    DEBT (debenture + preference shares)
    EQUITY (retained earnings + ordinary shares)

    multiplied by 100
    Mate don't worry we got tlld tgere are 4 possible answers fof gearing so its probably correct
    Offline

    1
    ReputationRep:
    (Original post by idfk_alex)
    I got 166% as gear ratio..fck!

    Thought it was

    DEBT (debenture + preference shares)
    EQUITY (retained earnings + ordinary shares)

    multiplied by 100
    There were no preference shares in that question so all you could've done was
    Non Current Liabilities/Non Current Liabilities+total equity.
    Total equity is the total figure you worked out for the statement in changes in equity.


    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    What did everyone put for the balance sheet current assets question?
    You had to use the figures from the previous questions so if your figures were wrong you would still get the marks right?
    Offline

    0
    ReputationRep:
    Anyone have a mark scheme?
    Offline

    9
    ReputationRep:
    (Original post by qazxsw123)
    What did everyone put for the balance sheet current assets question?
    You had to use the figures from the previous questions so if your figures were wrong you would still get the marks right?
    I put non current assets , with the correct depreciation and trade recivables with
    the provision and closing inv with the adjusment
    Offline

    9
    ReputationRep:
    (Original post by 87Mack)
    isnt the balance brought down on the credit side for provision for doubtful debts?
    . Yes , as this in effect reduction of asset tr rec , hence less , like prov for depr reduces non current asset
    DEADCLICK
    Offline

    1
    ReputationRep:
    (Original post by alhrona)
    I put non current assets , with the correct depreciation and trade recivables with
    the provision and closing inv with the adjusment
    Didn't it only ask for the current assets?
    Offline

    1
    ReputationRep:
    (Original post by Nicole97)
    Didn't it only ask for the current assets?
    Yeah thats what i remember too
    Offline

    0
    ReputationRep:
    (Original post by qazxsw123)
    yeah thats what i remember too
    do you think we could say these two ways in last question :

    1-lowering the selling price
    2.improving the quality of the product
    Offline

    1
    ReputationRep:
    (Original post by uysalbaris)
    do you think we could say these two ways in last question :

    1-lowering the selling price
    2.improving the quality of the product
    Im not sure, i wrote to lower prices aswell. You might get marks for your second point if you explained it, like saying it would increase sales.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Brussels sprouts
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.