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    i was just wondering if anyone who does OCR accounting thought they might have a good idea what might be on the paper next wedbesday for unit 2?
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    I will be doing this exam tomorrow! :/ I've got a feeling partnerships, control accounts, methods of depreciation and stock valuation and maybe journals might come up. But that's just based on what ddidn't come up in January's exam.
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    Good luck guys! Ill be doing this exam today too, hope it goes well! I think incomplete records are going to come up but who knows!
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    How did you guys find it?
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    I thought question 3 was a bit hard, question 2 and 4 were fine! but i didnt balance on question 1
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    (Original post by kaylgard)
    I thought question 3 was a bit hard, question 2 and 4 were fine! but i didnt balance on question 1
    i was 2000 off balancing, and for the control account one i managed to match the figures up but i think they may have been the wrong ones.
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    I hope the grade boundaries are lower this year! haha
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    me too haha, what did u get for the control account figures?
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    i think the purchase ledger was something like 91,300
    cant remember the sales one
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    (Original post by kaylgard)
    i think the purchase ledger was something like 91,300
    cant remember the sales one
    i think i got 74300 and 97300
    really need them to be right
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    actually yeah! it was 97,300!! definitely, i remember now:') and me! lost marks on question 3 so cant afford to lose any more
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    (Original post by kaylgard)
    actually yeah! it was 97,300!! definitely, i remember now:') and me! lost marks on question 3 so cant afford to lose any more
    yeasss haha gives me a bit more hope
    anyway good luck with any other exams u have and hope you get the results you want x!
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    (Original post by aran0909)
    yeasss haha gives me a bit more hope
    anyway good luck with any other exams u have and hope you get the results you want x!
    thank you! and you x
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    For last question, share of profits was 110000 something each right?


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    (Original post by Putch1)
    For last question, share of profits was 110000 something each right?


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    yeah thats what i had!
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    (Original post by kaylgard)
    yeah thats what i had!
    Nice!

    and also for capital accounts. Edwin and venessa had bal c/d on the debit side right? Stock introduced was credited in the capital account. Revaluation debited. Also interest on drawings was 660 and 600.

    Also for the 1st question, did you get net profit as 29800? For the sales figure, we didn't have to add drawings right?


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    (Original post by Putch1)
    Nice!

    and also for capital accounts. Edwin and venessa had bal c/d on the debit side right? Stock introduced was credited in the capital account. Revaluation debited. Also interest on drawings was 660 and 600.

    Also for the 1st question, did you get net profit as 29800? For the sales figure, we didn't have to add drawings right?


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    yeah i had all that for the last question
    yeah i had something like that for the net profit, and i dont think so, it was just discounts
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    (Original post by Putch1)
    Nice!

    and also for capital accounts. Edwin and venessa had bal c/d on the debit side right? Stock introduced was credited in the capital account. Revaluation debited. Also interest on drawings was 660 and 600.

    Also for the 1st question, did you get net profit as 29800? For the sales figure, we didn't have to add drawings right?


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    nope
    re-evaluation ar credit
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    (Original post by aran0909)
    nope
    re-evaluation ar credit
    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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    (Original post by kaylgard)
    yeah i had all that for the last question
    yeah i had something like that for the net profit, and i dont think so, it was just discounts
    Yes! I thought so because i was unsure whether or not to include drawings.


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