I've recently done a 2nd mock exam after failing the first one - with decent improvement second time - however there are 2 things (edit - now just one) that I really don't understand -
The Cash Accounting Scheme - VAT Returns - they used VAT figures including decimal places eg 45.73
but when it came to the Total Sales for Box 6 - they suddenly rounded the Sales figure down to the lower £
I had a number like 214.73 but the answer was supposed to be £214.00 - so lost 4% just like that.
I am so worried that with a borderline case that I will fail the proper exam because of something like this.
My computerised section also had rounding dramas which carried through to profit and loss , balance sheet , trail balances etc - and just stresses me out.
Trying not to panic - but feeling more and more despondent.
Edited at 31 Oct 2018 03:29 PM GMT
Edited at 31 Oct 2018 08:22 PM GMT