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ACCOUNTING AFTERMATH

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Comments

  • #92
    LutherBlissett
    Registered Users Posts: 191 ✭✭LutherBlissett


    Wow!

    I presume the missing questions arrived at the schools before the exam begun?


  • #93
    SantryRed
    Closed Accounts Posts: 13,224 ✭✭✭✭SantryRed


    There was only 1 mini bus. It was worth 50,000. The Accumulated Dep was 30,000. So it was worth 20,000.

    You get depreciation off that for 6 months and depreciation off the new mini bus worth 42,000 for 6 months and add them together.

    I think that's what you do anyways :)


  • #94
    RexMundi
    Registered Users Posts: 167 ✭✭RexMundi


    LutherBlissett wrote: »
    Wow!

    I presume the missing questions arrived at the schools before the exam begun?

    No.

    They didn't know until we opened the papers and we hit up a ****storm.

    Took like 20 minutes to get in the extra questions.

    Was an absolute disgrace. I think I did grand to be honest but some people were completely thrown.


  • #95
    Ashashi
    Registered Users Posts: 285 ✭✭Ashashi


    SantryRed wrote: »
    There was only 1 mini bus. It was worth 50,000. The Accumulated Dep was 30,000. So it was worth 20,000.

    You get depreciation off that for 6 months and depreciation off the new mini bus worth 42,000 for 6 months and add them together.

    I think that's what you do anyways :)

    There were 2 mini buses, there was one in the expenditure account, if I remember correctly.


  • #96
    Burswood
    Registered Users Posts: 122 ✭✭Burswood


    Ashashi wrote: »
    Same with me, the Service was easier than the Sole, but still tough. I was getting negative depreciation for Service, and for a second I was like

    "Can you make a profit from depreciation....." :pac:

    Can anyone else vouch for this too? I was ending up with negative depreciation too... I was thinking that couldn't be right and just went with a different number...


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  • #97
    SantryRed
    Closed Accounts Posts: 13,224 ✭✭✭✭SantryRed


    Ashashi wrote: »
    There were 2 mini buses, there was one in the expenditure account, if I remember correctly.

    Yeah, that one was the new mini bus replacing the one worth 50,000 at the top of the Question. So at no time did they have two minibuses.


  • #98
    The___________
    Registered Users, Registered Users 2 Posts: 318 ✭✭The___________


    Sorry to ask again-but does anyone have an answer for Q.8(c)ii?


  • #99
    Stryderman
    Registered Users Posts: 211 ✭✭Stryderman


    I think I got a loss of 8000 on the mini van, it was worth 15000 after depreciation and they received an allowance of 7000 so they lost 8000?


  • #100
    sheep-go-baa
    Registered Users, Registered Users 2 Posts: 179 ✭✭sheep-go-baa


    Stryderman wrote: »
    I think I got a loss of 8000 on the mini van, it was worth 15000 after depreciation and they received an allowance of 7000 so they lost 8000?

    Same here! I chucked it in as an expense, still didn't balance though :(


  • #101
    CosmicLove
    Closed Accounts Posts: 40 ✭CosmicLove


    I was in one of the schools that got the dodgy paapers.
    Didn't get the proper papaer until 20 to 3.
    Got 15mins at the end, but didnt get q9 finished :(

    Still our exam co-ordinator said it'll be taken into account in the marking scheme :D


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  • #102
    Ashashi
    Registered Users Posts: 285 ✭✭Ashashi


    Stryderman wrote: »
    I think I got a loss of 8000 on the mini van, it was worth 15000 after depreciation and they received an allowance of 7000 so they lost 8000?

    I had this.


    That makes sense Santry, didn't take the allowance away from 42,000. I got the loss and all, but added on an extra 35,000, crap, it would have balanced then, was off by a number similar for it.


  • #103
    Stryderman
    Registered Users Posts: 211 ✭✭Stryderman


    Mine did but i still think I made a few mistakes! I didnt write down what I got at the end but i know i had a profit of 1600 on the shop, and reserves of 233800 for part (a)


  • #104
    bobbyrae
    Closed Accounts Posts: 27 ✭bobbyrae


    Stryderman wrote: »
    I think I got a loss of 8000 on the mini van, it was worth 15000 after depreciation and they received an allowance of 7000 so they lost 8000?

    yes i got that too!


  • #105
    Dublin4Life
    Closed Accounts Posts: 116 ✭✭Dublin4Life


    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared


  • #106
    bobbyrae
    Closed Accounts Posts: 27 ✭bobbyrae


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared

    why bother commenting that!


  • #107
    sheep-go-baa
    Registered Users, Registered Users 2 Posts: 179 ✭✭sheep-go-baa


    Stryderman wrote: »
    Mine did but i still think I made a few mistakes! I didnt write down what I got at the end but i know i had a profit of 1600 on the shop, and reserves of 233800 for part (a)

    Same here again, it's looking hopeful!


  • #108
    clairebearxx
    Closed Accounts Posts: 17 ✭clairebearxx


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared

    great what money can buy these days eh?


  • #109
    sheep-go-baa
    Registered Users, Registered Users 2 Posts: 179 ✭✭sheep-go-baa


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared

    I'm very excited to see how you'll fare in college...


  • #110
    Ashashi
    Registered Users Posts: 285 ✭✭Ashashi


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared

    Your jokes are hilarious lol jk, nobody cares. Really? They did? They predicted Boland,oh and Clare Grealy's stair na Gaeilge's predictions were awful, as were her story ones.

    What else, accounting, one guy predicted in grinds that Production would come up, and cash flow.


  • #111
    unknown13
    Registered Users, Registered Users 2 Posts: 6,659 ✭✭✭unknown13


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared

    I wonder where they got a hold of that info.


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  • #112
    Acc Rex
    Registered Users Posts: 8 ✭Acc Rex


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared


    what was this surprise?

    Just to let you know, statistics show that people who go to the institute/grind schools are the most likely to fail in college..we'll see you in the dole que!


  • #113
    JellyBeans92
    Closed Accounts Posts: 489 ✭✭JellyBeans92


    clairebearxx wrote: »
    great what money can buy these days eh?

    Literally LOLd..

    Nothing against IoE.. Just it's fun to gang up on Grind schools, most people I've know to go to them fare off worse: Less money AND lower grades.

    :)


  • #114
    JellyBeans92
    Closed Accounts Posts: 489 ✭✭JellyBeans92


    shrimpsurs wrote: »
    yeh , was some dirty paper. I have no idea where they were going with sole trader.

    But even with Company due, it and Sole Trader are so similar.. honestly I thought it would because they're making a pattern of not making a pattern if that makes sense


  • #115
    clairebearxx
    Closed Accounts Posts: 17 ✭clairebearxx


    JellyBeans92 wrote: »
    Literally LOLd..

    Nothing against IoE.. Just it's fun to gang up on Grind schools, most people I've know to go to them fare off worse: Less money AND lower grades.

    :)

    well said:D


  • #116
    Mad Scone
    Closed Accounts Posts: 6 ✭Mad Scone


    Ugh... still don't know how I feel about it! Part of thinks it was a complete DISASTER but I think that's cos of the shock of half my paper being missing!:confused:

    Think I'm prob overreacting though and hopefully still got the A2!!! If not, I'm blaming the SEC!!! I wouldn't be so sore if I hadn't been relying on it to get me the 600!:(


  • #117
    EuropeanSon
    Registered Users, Registered Users 2 Posts: 2,819 ✭✭✭EuropeanSon


    Dublin4Life wrote: »
    The Accounting paper was so ****ing hard................ L0L jk I went to the IOE

    I love our teachers they told us the SEC and a surprise in store and they had us well prepared
    As usual, everyone bites when the troll lays the bait. C'mon guys, was this not just a little too obvious?


  • #118
    Anthony16
    Registered Users Posts: 608 ✭✭✭Anthony16


    Xtina!! wrote: »
    Anyone any idea???

    i think they may penalise you for your final answer being wrong aswell but its not that many marks.once you do the rest of calcs right,u will get most of the marks


  • #119
    SantryRed
    Closed Accounts Posts: 13,224 ✭✭✭✭SantryRed


    Could someone answer me this?

    I really wanted an A1 in this. Got 89 in the mocks.

    My Q1 worked out perfect.
    Same with Q7 and got one correct answer for theory.
    I'd say I got 3-4 workings wrong on the service firm a/c.
    And got everything right on Q9 bar forgetting to put in the discounts in the P+L?

    Should I still be in line for the A1? Just wondering. Dying to get results :pac:

    Thanks.


  • #120
    Mad Scone
    Closed Accounts Posts: 6 ✭Mad Scone


    Just heard someone from the ISSU on 98fm saying that they should take the mess with some of the papers into consideration with the marking scheme. Something came up in my newsfeed on FB about it too: http://issu.ie/?p=1130

    There's hope for the A1 so!:D


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  • #121
    bobbyrae
    Closed Accounts Posts: 27 ✭bobbyrae


    SantryRed wrote: »
    Could someone answer me this?

    I really wanted an A1 in this. Got 89 in the mocks.

    My Q1 worked out perfect.
    Same with Q7 and got one correct answer for theory.
    I'd say I got 3-4 workings wrong on the service firm a/c.
    And got everything right on Q9 bar forgetting to put in the discounts in the P+L?

    Should I still be in line for the A1? Just wondering. Dying to get results :pac:

    Thanks.

    yes i defintly think so! i was going for one but didnt balance q1 or 6 ..got a few small things wrong im hoping only! did very bad in 8 c tho zero id say im hoping they give little marks for it! my A1 is out the window anyway! gutted cause i was really going for it!


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