Qualification > Commerce
Accounting Paper 3
CrEaTuRe_X:
something REALLY fuckedup is how nobody seems to remember what they got in their pnl account, ask anyone here, the question goes unanswered... And well, most people over here got a deficit, and those students are all A and A*, like me.
angell:
i got a deficit :(
Monica:
--- Quote from: angell on June 01, 2009, 06:42:25 pm ---i got a deficit :(
--- End quote ---
hey angel...ya me too i got a deficit...and even the girl u were speakin to her today(my best friend) got a deficit..
angell:
great :D :D
SAKS10111:
hey i got a deficit too, im pretty sure the answer is a deficit, just not sure WHAT the correct answer actually is
the profit and loss account was confusing in the beginning, but when u think about it, it wasnt that bad... the money received from clients is basically the sales (and u have to add the amount owing too) and then u add the rent income and stuff and then reduce expenses pretty much like a regular profit and loss account.
but yeah, this was a reallyy different paper from the previous ones and quite confusing... lets hope the threshold's really low!
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