Accounting conundrum (or question, just wanted to sound fancy)

Ashashi

Can someone just check for me if they have done the 2007 service firm for HL, the revaluation looks wrong to me.


Cheers.

Vurnon San Benito

Are Service Firms Due?
Thought it was Club Accounts all the way

Ashashi

Just doing one to be sure to be sure, but it seems they gave the wrong figure for buildings, given the answer I got.

**Timbuk2**

I did this question yesterday. It worked out fine for me.

OP, you might have forgotten that the buildings were extended by €70000 before the revaluation!

Ashashi

**Timbuk2** wrote: »

I did this question yesterday. It worked out fine for me.

OP, you might have forgotten that the buildings were extended by €70000 before the revaluation!

Ahhhh there it is, bloody hell, I keep missing those little things. It makes sense now, they didn't even show it in the workings. Cheers

Princess3

I hope it's Club Accounts Anyone else doing Ratios?

**Timbuk2**

Ashashi wrote: »

Ahhhh there it is, bloody hell, I keep missing those little things. It makes sense now, they didn't even show it in the workings. Cheers

Club and service accounts are notorious for 'hidden items' like that. Think of the R&P account as a bank statement or a cash book. As you read through the question, star any significant hidden items ( eg loan interest due, purchase of equipment etc)

Grace16

Princess3 wrote: »

I hope it's Club Accounts Anyone else doing Ratios?

No but i wish i had of done them in class before....it's just the notes that get me haha

Vurnon San Benito

In Ratios you mean Interpretation?

Princess3

Yeah exactly!

Vurnon San Benito

They're a dead cert our teacher told us, and she usually doesn't say them things unless they are indeed definitive to appear.

I'm going with Company, Club, Interpretation and yet to decide on the last question...

Would be a dream paper if I got all those three to start!