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So I've noticed that in the accounting papers, they award marking for working out. However in the marking scheme my working out is different to the marking scheme working out. Yet I still obtain the same answer. Is this a problem, since they will award marks to their method of working out?
For Example In October/November 2009 Paper 42 Question 2 Part b) In the cash flow, in the financing by section there is receipts from issue of ordinary shares is 660 by adding 300+360. However what I do is take the difference betweenthe ordinary shares in the balance sheets of 2008 and 2009 which is 500 (1500-1000) and add that to the difference of the share premium in the balance sheet of 2008 and 2009 which is 160 ( 660-500) and you still get 660! In the marking scheme they've awarded 300 +360 2 marks!
For Example In October/November 2009 Paper 42 Question 2 Part b) In the cash flow, in the financing by section there is receipts from issue of ordinary shares is 660 by adding 300+360. However what I do is take the difference betweenthe ordinary shares in the balance sheets of 2008 and 2009 which is 500 (1500-1000) and add that to the difference of the share premium in the balance sheet of 2008 and 2009 which is 160 ( 660-500) and you still get 660! In the marking scheme they've awarded 300 +360 2 marks!