Accounting Paper 1

[KatrinaValentine]

bloody hell. I'm so angry. I wrote my Account paper 1 variant 2 today. They told us to calculate net assets; which i'm just learning is the same as capital employed. Anyway i thought it was net current assets so I did my balance sheet, putting my transactions in fixed assets , current assets and current liability. i got my net current asset but didn't add it to my fixed assets( actually I did but I cancelled it out; that's actually why i'm angry). The whole question is 6 marks. How many marks do you guys feel i can get or lose.

Also. Tell me about your exam. I hope it didn't suck like mine did.

sigh

so flippping tired.

 

[Panashe101]

that accounts paper was on another level

 

[Loodynagy]

No comment. I bet the examiner had a fight with his wife before preparing this terrible paper!
It was awful! I hated it!

 

[MazenAlosali]

It was not that awful guys it was somehow tricky but I consider it easier than june

 

[Loodynagy]

hmm yeah it was tricky. I don't hate the paper itself, i just hate how i lost so much marks...

 

[Panashe101]

The June paper was not that hard .. this one was just on levels ... i guess if the marks are rather low they might lower down the thresholds

 

[Loodynagy]

hopefully...

 

[MazenAlosali]

I think that the only tricky question is Q6 because of the profit part otherwise it was okay

 

[Panashe101]

Well from my prediction they might bring in the less difficult topics in paper that may boost our marks. im predicting
1) manufacturing accounts
2) bank reconciliation
3)Incomplete Records
4)Provisions for Depreciation
5) Disposals
6) cash Books and Petty cash Books
7) clubs and societies

I'm quite positive that a number of these topics are going to come so lets revise on these so that we may all get that desired A*

If we are to fail lets fail with As and Pass with A*s​

 

[Loodynagy]

Well from my prediction they might bring in the less difficult topics in paper that may boost our marks. im predicting
1) manufacturing accounts
2) bank reconciliation
3)Incomplete Records
4)Provisions for Depreciation
5) Disposals
6) cash Books and Petty cash Books
7) clubs and societies

I'm quite positive that a number of these topics are going to come so lets revise on these so that we may all get that desired A*

If we are to fail lets fail with As and Pass with A*s​

hehe clubs??? I so don't wish for this topic.
And Incomplete reconds as in control accounts? They already gave that in paper 12..

 

[MazenAlosali]

Yeah you are right these are the topics mainly coming and I am even 100% sure they would get clubs and societies

 

[Panashe101]

For Incomplete records they might bring the statement of affairs and probably journal entries again

 

[Loodynagy]

hmm.. thank you though.

 

[Panashe101]

don't mention it

 

[Glennn]

Well from my prediction they might bring in the less difficult topics in paper that may boost our marks. im predicting
1) manufacturing accounts
2) bank reconciliation
3)Incomplete Records
4)Provisions for Depreciation
5) Disposals
6) cash Books and Petty cash Books
7) clubs and societies

I'm quite positive that a number of these topics are going to come so lets revise on these so that we may all get that desired A*

If we are to fail lets fail with As and Pass with A*s​

Provisions for Depreciation and Disposal came out in my variant paper 13

 

[KatrinaValentine]

Heyy guys. How was your paper 2 ? my mine wasn't bad tbh. Although, I didn't know the club and society question

 

[Glennn]

Heyy guys. How was your paper 2 ? my mine wasn't bad tbh. Although, I didn't know the club and society question

Nooooooo I wanted club and society question so badly but it didn't come out in my paper
I think my paper was okay, there's like 3 pages of the ratio question though

 

[Loodynagy]

Nooooooo I wanted club and society question so badly but it didn't come out in my paper
I think my paper was okay, there's like 3 pages of the ratio question though

Ratios? wow. that must have been very easy eh?

 

[Loodynagy]

My paper was okay, Infact I felt it very easy. We had a limited company balance sheet, and I actually had my balance sheet balanced. but then turns out i did it wrong -.- and i still donno my mistake..

 

[Glennn]

Ratios? wow. that must have been very easy eh?

Haha yeah it was easy
Partnership came out too