Accounting Paper 1 tomorrow

[studiebuddie]

Any advice for the exam tomorrow? & are there topics that we really dont need to study for this paper and what are they??

 

[shoshi1998]

Any advice for the exam tomorrow? & are there topics that we really dont need to study for this paper and what are they??

Where do you live ?! What time do you have your exam ?!

 

[studiebuddie]

In Zimbabwe. Its this morning @ 9.30! wish me luck!!

 

[Steel Arm]

Paper was tricky

 

[studiebuddie]

Yeah it was but some questions were ok. Paper 2 is gonna be even harder!

 

[Kamo K]

woah, which variants did you guys write? Mine was SO easy! ^.^

 

[studiebuddie]

woah, which variants did you guys write? Mine was SO easy! ^.^

Haha maybe we should consider the fact that i'm not exactly the best at Accounts so...
i wrote invariant 12

 

[Saipraveen 1997]

i thot it was pretty good also...tho i mite lose a couple marks for the theory questions...
i wrote in botswana

 

[studiebuddie]

The paper i wrote had the last question talking about reasons for differences in..well..a lotta stuff! but i didn't know so i just lied

 

[Adil Shariff]

I also wrote in Botswana, the paper wasn't that bad...

 

[Saipraveen 1997]

which school in botswana did u write?

 

[Adil Shariff]

Leapotswe School, in Maun, what about you?

 

[Kamo K]

Yeah, I also wrote in Bots. variant 12...
haha...I was LYING like crazy on the last 2 pages! LOL
studiebuddie ..Accounts isnt my forte either

 

[DinaAy13]

What did you guys answer for the question where they ask about the disposal of the asset?
Like, how to reduce the loss
and why there was a loss on the selling?

...there WAS a loss on selling, right o.o ?

 

[Kamo K]

yea there was,
I said you can decrease the scrap value, that way (cost-scrap value)/ number of years ,, will give a higher depreciation
yet again..I was freestyling
I was gonna say charge a higher percentage of depn, but then, there's the accounting principl of consistency :/
aahh,, I dont Know! Let me not confuse u! wat did you put?

 

[DinaAy13]

I wrote complete bullshit!
I wrote that there was a loss for economical reasons because there may have been more advanced tractors -.- (I don't know what that means AKJFNRKDEJEN) and then I wrote that they should repair it to its original condition before selling it to reduce or eliminate loss

I know they're wrong but I didn't want to keep it empty!!

 

[studiebuddie]

I wrote complete bullshit!
I wrote that there was a loss for economical reasons because there may have been more advanced tractors -.- (I don't know what that means AKJFNRKDEJEN) and then I wrote that they should repair it to its original condition before selling it to reduce or eliminate loss

I know they're wrong but I didn't want to keep it empty!!

hahaha! for some reason, i read 'advanced tractors' and i thought TRANSFORMERS! & i'm really horrible at the subject but i know enough to tell you that next time...just leave it blank

 

[Saipraveen 1997]

Yeah, I also wrote in Bots. variant 12...
haha...I was LYING like crazy on the last 2 pages! LOL
studiebuddie ..Accounts isnt my forte either

where in bots r u writing?

 

[Kamo K]

where in bots r u writing?

rainbow...u?

 

[Saipraveen 1997]

legae

rainbow...u?