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    (Original post by katiemurrall)
    It said it was starting in october though, and the income statement was dated april?
    The debenture was for october 2012


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    Debenture had to be includes but then divided by 12 and times by the amount of months it was used relating to that accounting year

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    Sneaky Aqa especially with the reducing balance method on the machinery. 25 percent for 2 years considering it's company policy to depreciate for the year of purchase

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    (Original post by Trust Me I'm Asian)
    Sneaky Aqa especially with the reducing balance method on the machinery. 25 percent for 2 years considering it's company policy to depreciate for the year of purchase

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    Son of a

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    I thought the exam was pretty good. I know I made a mistake on question 2c when you had to change the profit. didn't include the expenses in 2b
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    Generally well. Although I messed the 15 marker up abit. Apparently I misread the question. Did it say you weren't supposed to mention the cost of buying the stock control as a limitation? Also what were you supposed to do with the directors x in the IS. Lol I forgot what the word was.
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    (Original post by Dominoes)
    Generally well. Although I messed the 15 marker up abit. Apparently I misread the question. Did it say you weren't supposed to mention the cost of buying the stock control as a limitation? Also what were you supposed to do with the directors x. Lol I forgot what the word was.
    I think it said other than those advantages and disadvantages that were mentioned, and directors remuneration is recorded after profit from operations, which then gives profit before tax i think!
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    (Original post by Dominoes)
    Generally well. Although I messed the 15 marker up abit. Apparently I misread the question. Did it say you weren't supposed to mention the cost of buying the stock control as a limitation? Also what were you supposed to do with the directors x in the IS. Lol I forgot what the word was.


    I decreased it by the amount and recorded that as the tax amount ayah

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    This paper was okay. Different, but okay.
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    (Original post by Trust Me I'm Asian)
    Sneaky Aqa especially with the reducing balance method on the machinery. 25 percent for 2 years considering it's company policy to depreciate for the year of purchase

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    I only depreciated for one year then took away from the assets figure... The depreciation was something like 22,000 wasnt it?
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    (Original post by Dominoes)
    Generally well. Although I messed the 15 marker up abit. Apparently I misread the question. Did it say you weren't supposed to mention the cost of buying the stock control as a limitation? Also what were you supposed to do with the directors x in the IS. Lol I forgot what the word was.
    Directors remuneration , you were just supposed to minus what wasn't supposed to be in it, can't remember the question lol
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    (Original post by Infamous12)
    I only depreciated for one year then took away from the assets figure... The depreciation was something like 22,000 wasnt it?
    I got the same thing! well somewhere round the 20s
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    (Original post by Mr.yellowey)
    I got the same thing! well somewhere round the 20s
    i found question 3a strange. It asked something about calculating how profit and bank balance would be affected with 4 marks each! how did you find that question?
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    (Original post by katiemurrall)
    I think it said other than those advantages and disadvantages that were mentioned, and directors remuneration is recorded after profit from operations, which then gives profit before tax i think!
    Directors remuneration is an expense?
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    (Original post by Infamous12)
    i found question 3a strange. It asked something about calculating how profit and bank balance would be affected with 4 marks each! how did you find that question?
    That whole question pissed me off, i would have totally preferred limited companies or anything.
    the profit for the year bit wasn't a problem though, but the bank balance? what did u have to do i just improvised.
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    (Original post by Infamous12)
    I only depreciated for one year then took away from the assets figure... The depreciation was something like 22,000 wasnt it?
    Yh i did that
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    (Original post by Mr.yellowey)
    I got the same thing! well somewhere round the 20s
    Yeh i got the same method and same figure of around £22000


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    (Original post by Mr.yellowey)
    That whole question pissed me off, i would have totally preferred limited companies or anything.
    the profit for the year bit wasn't a problem though, but the bank balance? what did u have to do i just improvised.
    It effects i and the balance sheet
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    (Original post by Mr.yellowey)
    That whole question pissed me off, i would have totally preferred limited companies or anything.
    the profit for the year bit wasn't a problem though, but the bank balance? what did u have to do i just improvised.
    For the bank, I just worked out how much the laptops would of cost for everyone and said that the bank balance would be reduced by that amount
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    (Original post by sunny_bunny)
    It effects i and the balance sheet
    i said something like the bank balance would be reduced by £35000 since it is money leaving the businesses bank account.
 
 
 
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