Qualification > Commerce
Accounting HELP !!!
contraentry:
I have a feeling that it'll be similar to the Principles of Accounts P2, (GCE-O-Level) that took place on June 3rd. I did P1(2), IGCSE CIE, which is variant 2 FYI.
According to the predictions my friends and I laid out, these topics are most likely to appear in the Paper 2 :
Limited Liability Company (Like DUH!! :P)
Non-Trading Organisations
Incomplete Records (involves preparation of SL Control & PL Control)
PettyCash / Cashbook (Not Really sure on that one)
Manufacturing
Asset Disposal Maybe?
A Simple Sole Trader's PnL & Balance Sheet (With those adjustments of Prepayments & Outstandings)
contraentry:
--- Quote from: aangel42 on June 04, 2010, 10:53:01 am ---I'm not sure which variant you do and the differences between the two, but I did variant 2, and there wasn't any real journal error correction questions or such, like usual, but there were indirect journal entry questions (like making an entry in the journal for bad debts, or provision for doubtful debts), so do you think a journal entry would come? No, right?
--- End quote ---
In that trial balance question there was something to do with errors, If I recall clearly..
K_M:
--- Quote from: aangel42 on June 04, 2010, 12:09:55 pm ---Wait, by non-trading organizations, you basically mean Clubs and Societies, right?
--- End quote ---
Yep!
K_M:
Can someone please help me find sums on BRS please
contraentry:
--- Quote from: aangel42 on June 04, 2010, 12:05:48 pm ---Hmm...you're right actually, that's a really good list. (I did Variant 2 too, fyi)
I was trying to remember the topics that came in P1 but I'm failing miserably..lol.
So I remember there was a trial balance, I think Partnership was there too?
Wasn't there a really long account we had to make or something? Or like a long calculation?
Did we have to make a Provision for Depreciation account? I don't think so, right?
We did have to make a Provision for Doubtful Debts... and a Bad Debts?
What else?
(That way we know what WON'T come on Paper 2..)
--- End quote ---
Depreciation was tested upon in the last question involving the capital and revenue expenditure remember? However, there was no Prov. For Dep. A/C. There was something to do with provision for bad debts and bad debts, Partnership came and there were two ratios (RoST & CPP).
That list was made by some friends and me, right after the paper 1[v2], so we made sure we remembered everything that came.
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