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Manual Level 2

  • 29 posts
  • # 74674

I am doing some revision with regard to the above and have been answering some questions in the Kaplan Beginner/intermediate kit.  I have found some discrepancies in the answers.  In particular, Question 61 dealing wlth Ledger Balances and control accounts (Chapter 17) - Creditor E Lutyens I made the total £8691 and the brought down balance £5991.  The answer given is £8331 and the brought down balance £5631.

Has anybody else found this type of discrepancy?  I find it a bit frustrating and makes me question my confidence!

  • 9 posts
  • # 74677

Hello Carolyn,

Firstly I can relate to what you are saying in regards to the discrepancies in this book, for example Question 71 if you have not already attempted this, the question leaves out the closing stock balance, it just simply reads:

Stock of materials as at 31 March 2007-07-30 

Which left me confused for hours, eventually I had to peek and look at the answer just so i could discover what the closing balance was to continue with the trading, profit & loss section.

Back to your question though:

Having just gone over your question the answer I got was the answer given in the answer section; £8331 with £5631 B/d

The amounts in the question for Creditor Lutyens (in the book in front of me) were:

E Lutyens £5,481 - Creditors at 1 Jan 20X9

Lutyens 2,850 from the PDB

Lutyens 2,700 from CPB
 
Assuming that these are the same amounts as you have then maybe just double check your totals which I hate to say as it sounds so patronising! lol Surprised

Intentional or not the errors in the book, I believe work to improve bookkeeping skills as it will always be a beneficial to know a mistake when you see one but in terms of confidence, imagine how the editors must feel!

Hope this helps! 

  • 29 posts
  • # 74678

Hi Jonny

Thanks.

Turns out I transposed the brought forward figure!! Now agree with the book.  Its amazing how much you look at a figure and still can't see what is wrong and it just needs a fresh pair of eyes!

I also tried Question 71 and like you, had to look at the answer!

Have you tried Question 72 that also has a discrepancy in the Office Expenses.  The question states that the office expenses accrued as £50 but the answer states £150! No way do £950 and £150 make £1,000!
Laughing

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