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    (Original post by frandubking)
    So was I , but praise The Lord I did a draft, they said the bad debt of 4000 was recorded in the sales ledger and not the general ledger. So the figure for debtors was correct, you only had to take 4000 off net profit... Did you get 28000 for net profit ? I hope that's right anyways if not i will be very sad.... But tbh even if you do get it wrong you still get loads of marks for workings


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    It was 5000 for bad debts
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    I got 37000 for the Balance Sheet... 555 for the Sales Ledger Control Account ....32008 for the Purchases Ledger Control Account, anyone get the same?
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    Oh yeh damnnnn hate life


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    (Original post by afzal123)
    It was 5000 for bad debts
    Yeah.

    I deducted the £5000 from the trade receivables with it being a bad debt, and didn't touch the net profit... Maybe that's where I went wrong.
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    (Original post by A.Hastings)
    I got 37000 for the Balance Sheet... 555 for the Sales Ledger Control Account ....32008 for the Purchases Ledger Control Account, anyone get the same?
    i got different for balance sheet but im pretty sure i got the same for purchase and sales ledger control account
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    Yeah i got 37000 for Bs.....555 as well..got 30 something for purchases ledger! What did you guys get for the net profit in that other question?
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    (Original post by superman17)
    Yeah.

    I deducted the £5000 from the trade receivables with it being a bad debt, and didn't touch the net profit... Maybe that's where I went wrong.
    You were meant to deduct £5000 from the net profit and not trade receivables
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    was there a sales ledger control account of just sales legder?? i did fill out sales ledger account but there wasn't a question on sales ledger control account....

    please tell me there wasn't a sales ledger control account!!
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    (Original post by A.Hastings)
    I got 37000 for the Balance Sheet... 555 for the Sales Ledger Control Account ....32008 for the Purchases Ledger Control Account, anyone get the same?
    same here
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    (Original post by samiya)
    was there a sales ledger control account of just sales legder?? i did fill out sales ledger account but there wasn't a question on sales ledger control account....

    please tell me there wasn't a sales ledger control account!!
    Q1
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    I probably failed that big time, even question 1 was a joke.. My inc statement went in to negative figures and bal sheet I forgot the layout


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    (Original post by superman17)
    How does it work in terms of marks if your balance sheet doesn't balance at the end? Hope I got a good chunk of the marks, it's out of 27 :/

    Was out by £4000 and I couldn't find what I'd done wrong. Very annoying.
    I was off by 4K in the top half of the balance sheet too made the same misrake?
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    anyone have the mark scheme or answers for ACCN1
 
 
 
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