Junior Cert 2011 : Business

TheRedDevil10

don't know how people could finish so quick

phenomenale

I got 12413 for the budget balance?
I took it as €500 already payed towards the holiday as it said that the balance was due in June.
Found both papers really simple - Especially the short questions for once! Somehow everything that I studied this morning at 6 came up.
Definitely an A.

shadowninty

Since your all so positive ill say its a deffo A for me (tho I think its a high

juniorcertlol

BEST exam so far, short questions were grand, and in p1 i did questions 1,2,3 and 6. paper 2 i did1,2,4 and 5.
anybody get 536300 at the end of the balance sheet?
forgot to write down what i got in my trial balance


also, rory gallaghers anniversary today, coincidently, the address for the invoice in business paper 2 today was Ballyshannon, County Donegal, where he was born :L

cathalio11

juniorcertlol wrote: »

BEST exam so far, short questions were grand, and in p1 i did questions 1,2,3 and 6. paper 2 i did1,2,4 and 5.
anybody get 536300 at the end of the balance sheet?
forgot to write down what i got in my trial balance


also, rory gallaghers anniversary today, coincidently, the address for the invoice in business paper 2 today was Ballyshannon, County Donegal, where he was born :L

Haha

Business paper always throwing up strange things! Molly Maloney?

Desire.

juniorcertlol wrote: »

anybody get 536300 at the end of the balance sheet?

Yeah. All my friends did too!

yellowsky169

Was expecting a horrible paper 2 after that paper 1 but it was great!! I think I got 12683 in my budget but I was just scanning over it before I left and I realised I had made an addition mistake. Twice. So, that could have been the total I had before I fixed the mistake...:o
Everything balanced! Q1 P2 was class nothing awkward at all! My all time record for Q1 was 45min but got it done in 35mins:D And the examiner guy gave me an extra minute to finish colouring my ad:D:D Good day. And my last full day!!:D

Lucan Bohs

P1 was simple, p2 was harder but grand all the same:D:p

unitedrule96

Did any one else get 517300 for the balence sheet? I balenced it at that:D

Lucan Bohs

Also did q1-6 on p1 and q 2-5 on p2

P H A 7V T O M

Best. Exam. Ever!
Helooo A.

fitzall

Very happy with that.

Anyone else get 480720 as the final figure for question one on paper two?

Doublechinlolz

Haha i avoided all profit and loss accounts and bit like that :L I done the one petty cash book though :L Great i suppose... Is it me or is everything seeming a bit easy? Or easier? French will ruin that

Desire.

MarkD09 wrote: »

I done the one petty cash book though :L

What? :eek:

There was none? :pac:

P H A 7V T O M

Desire. wrote: »

What? :eek:

There was none? :pac:

Lol thats wut i was thinking.

EmatoelDiablo

unitedrule96 wrote: »

Did any one else get 517300 for the balence sheet? I balenced it at that:D

Sorry to say but it was 536300!
That was the best test so far! If I don't get an A I might just die.:D

diarmuid06

hey guys...just wonderin did ye get a surplus or a deficit for the club accounts nd wat ur answer was....i got a surplus...cant remember by how much though thanks

fitzall

diarmuid06 wrote: »

hey guys...just wonderin did ye get a surplus or a deficit for the club accounts nd wat ur answer was....i got a surplus...cant remember by how much though thanks

I got a surplus of 10390.

mixery

Paper 1 was fine, the budget balanced <wheeey> .
Paper 2 not as good, too much budgets:( I did the 3 non budget Qs and overheads.

Ah well, I'll be happy with B in some form.

juniorcertlol

fitzall wrote: »

Very happy with that.

Anyone else get 480720 as the final figure for question one on paper two?

forgot to write it down on my exam papers, but that sounds fairly familiar

anirishlad

Everything was great apart from the fact all my ending figures were wrong.
Q5 on p2 was so easy though!:D

robman60

unitedrule96 wrote: »

Did any one else get 517300 for the balence sheet? I balenced it at that:D

536300 is what I got I think. IIRC, I cot 13233 or something for the household budget..

Also, where does dividends paid go? If it's dividends paid does it go in a different place to dividends declared? I know dividends declared goes in twice and dividends paid only goes in once, but which part of the Trading profit and loss a/c?

I thought the short questions were extremely simple this year, hoping for close to full marks.

robman60

fitzall wrote: »

Very happy with that.

Anyone else get 480720 as the final figure for question one on paper two?

Ya, that was it.

spirit_77

found paper one and the short questions quite easy but thought paper two was hard. Made a mess of the final accounts as well as the ledger

gc2011jc

robman60 wrote: »

536300 is what I got I think. IIRC, I cot 13233 or something for the household budget..
you got the trading profit and loss account right but household budget wrong it was 12813 or 12183 I budgeted both of them perfectly!

gc2011jc

TehFionnster wrote: »

What did everyone get for the balance of the budget question? :O

Was it 12183? :P

Yeah it was 12183 business was pritty easy overall:D

gc2011jc

shadowninty wrote: »

They had already paid €500 for the holiday

No they didnt if it was then your answers wouldnt match up

fitzall

gc2011jc wrote: »

No they didnt if it was then your answers wouldnt match up

They do match up. I assumed that the 500 for Jan-Mar was part of the 2,200 holiday so I had 1700 for Apr-Dec. Ended up with 12683, it matched up. I'm not saying that I'm right, just pointing out that they do match up.

shadowninty

You are right

xxKathleenxx

Anyone get these. Some could be wrong
Paper 1.
Q1 €12683
Q2 Trading a/c: 6670
Income & Exp: 10390
Q3 All deficits
Q5 (B) (i) €4
Q6 (B) (iii) €527.88

Paper 2
Q2 Invoice and receipt: €1452
Q3 Redundancy: €45520
Q4 Balanced at: €536300
Q5 (B) Balance b/d €2040 ( what side did ye put the Balance {owed to bank} on?)
Q6 (C) (i) €76

shadowninty

Answered for the questions I did

xxKathleenxx wrote: »

Anyone get these. Some could be wrong
Paper 1.
Q1 €12683 √
Q3 All deficits √
Q6 (B) (iii) €527.88 √

Paper 2
Q2 Invoice and receipt: €1452 √
Q3 Redundancy: €45520 √
Q5 (B) Balance b/d €2040 √
( what side did ye put the Balance {owed to bank} on?) Owed to bank went on credit, and €2040 was left owed to the bank
Q6 (C) (i) €76 √

xxKathleenxx

Yeah thats what I got for Q5
Class papers tbf

cathalio11

xxKathleenxx wrote: »

Q6 (B) (iii) €527.88

"He pays PRSI and USC at 11%"

It didn't say "each".

Would you be 100% sure you take both of them at 11% or altogether?

xxKathleenxx

I wasnt sure. Some of my friends just did 11% once.
It wasnt very clear. But now that I look at it, I say I'm wrong. Should only be done once I say..

cathalio11

xxKathleenxx wrote: »

I wasnt sure. Some of my friends just did 11% once.
It wasnt very clear. But now that I look at it, I say I'm wrong. Should only be done once I say..

Yeah I'm not too sure either. I just didn't expect that they would be taking 63% off the wages...

But then again, it is Ireland

shadowninty

xxKathleenxx wrote: »

I wasnt sure. Some of my friends just did 11% once.
It wasnt very clear. But now that I look at it, I say I'm wrong. Should only be done once I say..

I thought my answer ended with .88 so I marked it right
I only did it once as I know they are around 10% together IRL

cathalio11

I had gotten $662.52 (Ignore the dollar sign :P )

shadowninty

cathalio11 wrote: »

Yeah I'm not too sure either. I just didn't expect that they would be taking 63% off the wages...

But then again, it is Ireland

Ireland still doesn't have that high taxes even now
They will be raised to upper EU levels soon enough, but we will actually have services cut.
The boom must be payed back

shadowninty

cathalio11 wrote: »

I had gotten $662.52 (Ignore the dollar sign :P )

What kind of phone doesn't have a € sign?

cathalio11

shadowninty wrote: »

What kind of phone doesn't have a € sign?

I'm actually on the computer... even worse

American keyboard will answer your question though :cool:

shadowninty

cathalio11 wrote: »

I'm actually on the computer... even worse

American keyboard will answer your question though :cool:

So? I have an American lappie (eBay FTW), you just change keyboard to American international and use the Alt + 5

cathalio11

shadowninty wrote: »

So? I have an American lappie (eBay FTW), you just change keyboard to American international and use the Alt + 5

Effort. :rolleyes:

shadowninty

cathalio11 wrote: »

Effort. :rolleyes:

Control Panel > Keyboard :pac:

P H A 7V T O M

shadowninty wrote: »

So? I have an American lappie (eBay FTW), you just change keyboard to American international and use the Alt + 5

Same here. I do love a HP personally. They are unrivalled in pretty much all sectors (build quality, processers aka speed, etc.), unless you play games on a laptop.
Business 2011 was by far the easiest biz papers for years.... I loved the question where you made an advertisment for 3D glasses, I was able to spend ages on mine as I had most of the paper done well within 90 minutes.
I'm holding out for an A, if not a decent % of a B. History tomorrow!

Desire.

I don't know, I wrote down 468,720 on my sheet for question one. But I know that the answer 480,720 or something. Hopefully I just took it down wrong. I definitely balanced it like and everything.

robman60 wrote: »

Also, where does dividends paid go? If it's dividends paid does it go in a different place to dividends declared? I know dividends declared goes in twice and dividends paid only goes in once, but which part of the Trading profit and loss a/c?

It just goes in the appropriations.

fitzall

Desire. wrote: »

I don't know, I wrote down 468,720 on my sheet for question one. But I know that the answer 480,720 or something. Hopefully I just took it down wrong. I definitely balanced it like and everything.



It just goes in the appropriations.

Sales returns and insurance were both worth 12000, you must have left one of those out. You won't lose many marks for that.

Desire.

fitzall wrote: »

Sales returns and insurance were both worth 12000, you must have left one of those out. You won't lose many marks for that.

Definitely put in Insurance. I must have done the returns wrong. I didn't give it a ledger of its own - I put it on the credit side of the sales account.

Legion.

Anyone get 11333 for the budget? Mine balanced, but no-one else I asked got it

fitzall

Desire. wrote: »

Definitely put in Insurance. I must have done the returns wrong. I didn't give it a ledger of its own - I put it on the credit side of the sales account.

Yeah, that explains it. Sales returns gets its own account and the figure goes on the debit side of the ledger.

robman60

Legion. wrote: »

Anyone get 11333 for the budget? Mine balanced, but no-one else I asked got it

No matter what figure you put in, the account will balance, as long as your addition is correct.

I had quite a bit of trouble explaining this to my friends earlier. :rolleyes: