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    horrific question 2, worded horribly and then a 14 mark written question.
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    (Original post by AGR3)
    horrific question 2, worded horribly and then a 14 mark written question.
    did you balance on question 1 ?
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    (Original post by usman2105)
    did you balance on question 1 ?
    I didnt balance mine, it was off by 450. I think i was around 52,000.
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    (Original post by KaranG-)
    I didnt balance mine, it was off by 450. I think i was around 52,000.
    (Original post by usman2105)
    did you balance on question 1 ?


    I got Net assets at 50,023

    then Capital at 50,032....9 off, so close yet...so far.
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    (Original post by AGR3)
    I got Net assets at 50,023

    then Capital at 50,032....9 off, so close yet...so far.
    I got 50,032 as total of net assets and capital .. how about Q2 P&L figure ?
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    (Original post by AGR3)
    I got Net assets at 50,023

    then Capital at 50,032....9 off, so close yet...so far.
    Although the question 2a was confusing i did find the theory questions easy. The business entity concept and going concern, also the discounts allowed, discounts received and trade discounts were all easy.
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    (Original post by KaranG-)
    Although the question 2a was confusing i did find the theory questions easy. The business entity concept and going concern, also the discounts allowed, discounts received and trade discounts were all easy.
    In terms of written content they were easy, but it's the fact that after 2 relatively complex questions in terms of adjustments we have to write for 14 marks
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    (Original post by AGR3)
    In terms of written content they were easy, but it's the fact that after 2 relatively complex questions in terms of adjustments we have to write for 14 marks
    It was the hardest f011 paper ive done, hopefully i pass with a good grade. The wording of the adjustment were different compared to past papers.
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    (Original post by usman2105)
    I got 50,032 as total of net assets and capital .. how about Q2 P&L figure ?
    Where's my £9 gone...probably a miss-read on my calculator.

    Can't remember Q2 answer, it was around £15,000 something. I had the payments for rent at like 4,500 4,650 4,950 and 1,650 prepaid? I think..
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    (Original post by KaranG-)
    It was the hardest f011 paper ive done, hopefully i pass with a good grade. The wording of the adjustment were different compared to past papers.
    I said literally the exact the same thing. So many adjustments required much more concentration than past exams because of the wording and having to constantly be aware of multiple dates, months and years. The dates were just all over the place it confused me.
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    I got net assets 50832 and mine balanced
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    Hi. Is there anyone remembers that Q2 is discount allowed, discount received and trade discount or cash discount? I think it's cash discount but my friend said it's trade discount
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    (Original post by minh249)
    Hi. Is there anyone remembers that Q2 is discount allowed, discount received and trade discount or cash discount? I think it's cash discount but my friend said it's trade discount
    It was discounts allowed, received and trade discounts. They wouldn't have asked what a cash discount is because that was what the 1st two were.
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    (Original post by AGR3)
    It was discounts allowed, received and trade discounts. They wouldn't have asked what a cash discount is because that was what the 1st two were.
    How did you guys find unit 2 ?
    I thought it was easier than some past papers, what figure did you balance at for the incomplete records for the sole trader? i got about £52300
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    (Original post by s011837)
    How did you guys find unit 2 ?
    I thought it was easier than some past papers, what figure did you balance at for the incomplete records for the sole trader? i got about £52300
    I was a re-sitter doing unit 1 only so I didn't see unit 2 paper, sorry :P
 
 
 
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