*** 2013: Accounting Before/After ***

yournerd

i hate numbers.

yournerd

Is examinations.ie the only website with marking schemees?

Lcstudent2013

Hi guys for 2008HL sole trader workings part 3 (suspense).
Im stuck on how to get the insurance figure.
I know it's 6150+200-250, but where does the 250 come from? Thanks to anyone that can help!

yournerd

Lcstudent2013 wrote: »

Hi guys for 2008HL sole trader workings part 3 (suspense).
Im stuck on how to get the insurance figure.
I know it's 6150+200-250, but where does the 250 come from? Thanks to anyone that can help!

Mortagage interest is 1500 but is 1250 in the trial balance

kevin12345

yournerd wrote: »

Is examinations.ie the only website with marking schemees?

www.betterexaminations.ie

Easier to switch between papers and marking schemes too.

ray2012

Manufacturing, Interpretation, Suspense, Incomplete, Marginal is what I'm predicting

I'm hoping it's a sole trader instead of a manufacturing and a published instead of a suspense, but we'll see

yournerd

what would you write for the internet companies in the sector part of interpretation?

outnumbered

yournerd wrote: »

what would you write for the internet companies in the sector part of interpretation?

The usual crap.
The economic downturn has affected most companies. Although as the technology sector is booming at the moment the company should be safe. The availablity of internet makes their services available to all, however they would be subject to serious competition. Really just write BS and keep wrting. I just made that up there!

ameliaaaaa

Hey, just a quick question. How do you do a note for bad debt recovered? In question1?

yournerd

ameliaaaaa wrote: »

Hey, just a quick question. How do you do a note for bad debt recovered? In question1?

Say it's 1200.

You put 1200 under "Working Profit"
then you put whatever they received 500 into bank
and the other into debtors

jackkeane

With that question about the Motor Vehicles, I thought you credit Capital with the difference between the new and old vehicle... not separate them into drawings and capital. It will have the same overall effect on the balance sheet but the marking schemes do it that way I think :P

Lcstudent2013

yournerd wrote: »

Mortagage interest is 1500 but is 1250 in the trial balance

Thanks a mil, think I finally got the hang of suspense after 2 gruelling years of accounting!!

AndreaEgan

I thought I was prepared for this exam, also thought with the 5 days between French and Accounting that I would be okay, only to realise I only have tomorrow left to do everything :P

Does anyone have any rhyme or memory thing to help memorise the actual Manufacturing Account in Q1?
I'm hoping its a Sole Trader to be honest but you never know!

Sunny!!

Incomplete and published(100) club account depreciation and a production budget would be happy days!

yournerd

Would you say i can get 2 booklets one for all the rough work and one for the accounts? my teachers also recommend skipping pages between each question in all subjects. Saves the examienr looooooooooads!

outnumbered

Sunny!! wrote: »

Incomplete and published(100) club account depreciation and a production budget would be happy days!

My dream Sunny!!

outnumbered

yournerd wrote: »

Would you say i can get 2 booklets one for all the rough work and one for the accounts? my teachers also recommend skipping pages between each question in all subjects. Saves the examienr looooooooooads!

Absolutely! That's what I'm going to do!

yournerd

outnumbered wrote: »

Absolutely! That's what I'm going to do!

Did anyone do anythign similar in other exams?

ray2012

yournerd wrote: »

Would you say i can get 2 booklets one for all the rough work and one for the accounts? my teachers also recommend skipping pages between each question in all subjects. Saves the examienr looooooooooads!

outnumbered wrote: »

Absolutely! That's what I'm going to do!

That's what I plan on doing. I hope my examiner knows the two booklets are pretty much needed as you can't be turning pages the whole time when doing workings! :L

outnumbered

ray2012 wrote: »

That's what I plan on doing. I hope my examiner knows the two booklets are pretty much needed as you can't be turning pages the whole time when doing workings! :L

My one won't..... She's stupid! She sits in behind me and watches me write. It's sooo annoying!

Sunny!!

outnumbered wrote: »

My dream Sunny!!

We can only hope! I really hope suspense and cash flow don't make an appearance together on the paper though !!

outnumbered

Sunny!! wrote: »

We can only hope! I really hope suspense and cash flow don't make an appearance together on the paper though !!

If they do i am f....ed

AndreaEgan

outnumbered wrote: »

My one won't..... She's stupid! She sits in behind me and watches me write. It's sooo annoying!

Our examiner is the exact same, sitting behind me and I get so paranoid.... I will probably spend 5 minutes explaining as to why I need 2 booklets :P

ray2012

outnumbered wrote: »

My one won't..... She's stupid! She sits in behind me and watches me write. It's sooo annoying!

AndreaEgan wrote: »

Our examiner is the exact same, sitting behind me and I get so paranoid.... I will probably spend 5 minutes explaining as to why I need 2 booklets :P

Jaysus, sits behind ye?! That's fairly random, would it not make sense for the examiner to sit at the top of the room? :pac:

AndreaEgan

ray2012 wrote: »

Jaysus, sits behind ye?! That's fairly random, would it not make sense for the examiner to sit at the top of the room? :pac:

Yeah! Well her desk is at the top of the room but she sits at a spare table down the back :P

yournerd

infheistíochtaí saor ó riosca

Whats the risk free investment rate of something anyone??

ray2012

yournerd wrote: »

infheistíochtaí saor ó riosca

Whats the risk free investment rate of something anyone??

3%-4% I think ?

Raeral

yournerd wrote: »

infheistíochtaí saor ó riosca

Whats the risk free investment rate of something anyone??

I usually say around 3-5% but I think it's a bit lower than that. I'd say anything around that mark is suitable though.

outnumbered

ray2012 wrote: »

Jaysus, sits behind ye?! That's fairly random, would it not make sense for the examiner to sit at the top of the room? :pac:

Yeah comes in and sits behind me as there is a spare desk. We are in a classroom so it's small

CookieMonster.x

I think I'll ask for another booklet at the beginning too to do all the workings in. Hope it's ok. Where is everyone putting the theory answers? I was going to just put them under my accounts, don't want to annoy the examiner having to look everywhere for them! I'm also doing the whole thing in black.