IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => IGCSE/ GCSE => Queries => Topic started by: $!$RatJumper$!$ on November 06, 2009, 03:22:19 pm
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what does O/F and C/F mean in the marking schemes of the papers?
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Would c/f mean carried forward?
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i thought so too.. but wat abt O/F
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O/F means "Own Figure"
Ive seen it in the accounting mark schemes, and in that context, its used when a particular figure is already calculated before, and is used again in another place.. for eg, [i hope ure an accounting student]
(In the accounting context)- If u calculate the value of your debtors by means of a total debtors a/c (control a/c), then whatever figure you get, u'll insert it in the balanceSheet as the debtors in the current assets section. however, if the value of debtors that u calculated was wrong in the total debtors a/c, then obviously the figure in the balancesheet would also be wrong and hence, it wouldnt match. But applying the O/F rule, they wouldnt deduct marks for the debtors figure in the balancesheet. they'll only deduct marks in the total debtors a/c, so u wont get penalised 10 times for doing 1 mistake .. just once, even if ure balancesheet does not match!! Hope you got it! :)
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oh ryt! now it makes sense :) ah thank you :) much appreciated
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Anytime :D
O/F is a life saver! I would've been screwed without it! I end up loosing so many marks cause of a single calculation gone wrong, and then the whole net profit etc goes wrong, but thanks to O/F, no double penalising! :)