revision246
Badges: 7
Rep:
?
#1
Report Thread starter 4 years ago
#1
Does anyone have any predictions for the unit 1 accounting paper tomorrow? Good luck to those of you taking your exams!
0
reply
jakebonnington
Badges: 5
Rep:
?
#2
Report 4 years ago
#2
i think errors and double entry are likely possibly a suspense account and maybe uses of a trial balance
0
reply
revision246
Badges: 7
Rep:
?
#3
Report Thread starter 4 years ago
#3
(Original post by jakebonnington)
i think errors and double entry are likely possibly a suspense account and maybe uses of a trial balance
I always get so confused on suspense accounts and what goes on each dr/cr! I'm just hoping to do well in the written questions.
0
reply
jakebonnington
Badges: 5
Rep:
?
#4
Report 4 years ago
#4
(Original post by revision246)
I always get so confused on suspense accounts and what goes on each dr/cr! I'm just hoping to do well in the written questions.
i just go with unless it's COPROC it goes in
0
reply
revision246
Badges: 7
Rep:
?
#5
Report Thread starter 4 years ago
#5
(Original post by jakebonnington)
i just go with unless it's COPROC it goes in
Thanks, so do the COPROC errors go into the suspense account?
0
reply
jakebonnington
Badges: 5
Rep:
?
#6
Report 4 years ago
#6
(Original post by revision246)
Thanks, so do the COPROC errors go into the suspense account?
no because they don't affect the trial balance and only errors that affect the trial balance go in the suspense account to account for the difference
0
reply
revision246
Badges: 7
Rep:
?
#7
Report Thread starter 4 years ago
#7
(Original post by jakebonnington)
no because they don't affect the trial balance and only errors that affect the trial balance go in the suspense account to account for the difference
So does that include arithmetic errors and casting errors? What are the other errors?
0
reply
jakebonnington
Badges: 5
Rep:
?
#8
Report 4 years ago
#8
(Original post by revision246)
So does that include arithmetic errors and casting errors? What are the other errors?
yeah so errors where they have under/over cast a figure or another classic one is posting discounts received/allowed to the wrong side so you double it on the side it should go to get to the right amount
1
reply
Cheryl_323
Badges: 0
Rep:
?
#9
Report 4 years ago
#9
Does anyone remember if we had to do a suspense account in any of the questions?
0
reply
username2052983
Badges: 19
Rep:
?
#10
Report 4 years ago
#10
(Original post by Cheryl_323)
Does anyone remember if we had to do a suspense account in any of the questions?
No but there was a general journal in which we had to make entries into a suspense account
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

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.

Personalise

Feeling behind at school/college? What is the best thing your teachers could to help you catch up?

Extra compulsory independent learning activities (eg, homework tasks) (2)
5%
Run extra compulsory lessons or workshops (7)
17.5%
Focus on making the normal lesson time with them as high quality as possible (4)
10%
Focus on making the normal learning resources as high quality/accessible as possible (4)
10%
Provide extra optional activities, lessons and/or workshops (15)
37.5%
Assess students, decide who needs extra support and focus on these students (8)
20%

Watched Threads

View All