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Accounting Suspense Questions

  • 08-02-2010 08:33PM
    #1
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭


    I had my mock today, and I realised that I messed up badly on the Suspense Question.

    When you journalise the entries, you are supposed to write in 'Being correction of error........ etc.' after each entry but I left room to do this, leaving the actual writing to the end. But I left the exam and completely forgot to put in the writing - so all my journal has is the figures, no writing (I forget what the writing is called!)

    How many marks will I lose for this? I looked at the marking scheme for past suspense questions, but it doesn't make reference to how many marks are lost if the writing is omitted.


Comments

  • #2
    Ronan Keating
    Closed Accounts Posts: 913 ✭✭✭Ronan Keating


    Did you not even write in the account names?


  • #3
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    I did I wrote things like

    Purchases a/c 3000 cr
    Suspense a/c 1200 dr
    etc.

    But where you have to write: Being correction of error: Stock was incorrectly treated as cash sales..... etc. I didn't write anything!

    How many marks, roughly, will I lose for this?


  • #4
    Burswood
    Registered Users, Registered Users 2 Posts: 122 ✭✭Burswood


    Not being smart, but how are we supposed to know how many marks you'll lose if the official marking scheme doesn't know

    ?


  • #5
    Eire-Dearg
    Registered Users, Registered Users 2 Posts: 8,900 ✭✭✭Eire-Dearg


    Burswood wrote: »
    Not being smart, but how are we supposed to know how many marks you'll lose if the official marking scheme doesn't know

    ?
    Er, what?


    I'm not touching the suspense question in the mocks with a ten foot pole.


  • #6
    The___________
    Registered Users, Registered Users 2 Posts: 318 ✭✭The___________


    Eire-Dearg wrote: »
    Er, what?


    I'm not touching the suspense question in the mocks with a ten foot pole.

    Me too,
    Q1(Comp or Sole trader)

    Ratios
    Club/Service

    Marginal Costing


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  • #7
    Lithium.
    Registered Users, Registered Users 2 Posts: 19 ✭Lithium.


    There's a mocks thread ... >>>>

    to answer your question yes id say you loose a minimum amount of marks only


  • #8
    Lithium.
    Registered Users, Registered Users 2 Posts: 19 ✭Lithium.


    Please excuse my last comment , it was removed , :)

    So can you tell me what to expect on the exam ? :)


  • #9
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    Lithium. wrote: »
    Please excuse my last comment , it was removed , :)

    So can you tell me what to expect on the exam ? :)

    If you go to the huge Mocks thread, you will find out!


  • #10
    Foxx92
    Registered Users, Registered Users 2 Posts: 561 ✭✭✭Foxx92


    I think it's one mark per comment. Not 100% sure but it's not a huge amount lost for you.


  • #11
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    I asked my teacher on Friday. She said that she already had mine corrected, and that I only lost one park per narration omitted and I even managed to get an A1 for the whole thing! If only the other subjects went as well as Accounting :o


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  • #12
    Foxx92
    Registered Users, Registered Users 2 Posts: 561 ✭✭✭Foxx92


    congratulations. Best I can hope for is a B3 after messing up my q1


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