First Previous - Page 1 of 1 - Next Last

BA 4 Mock Paper

  • Affiliate
  • 26 posts
  • # 117349

I am currently working through a mock paper doing the computerised part. I just wanted to ask for some advice Task 3 is Adjustments and under here there are subcategories of Corrections, Prepayments & Accruals, Depreciation of Fixed Assets. Are all of these done by creating journal entries?

 

Also if anyone is studying Part 3 and would like a study buddy please email me paul@inform.uk.net

 

Thanks

Paul

  • Student
  • 2 posts
  • # 117353

PaulW said:

I am currently working through a mock paper doing the computerised part. I just wanted to ask for some advice Task 3 is Adjustments and under here there are subcategories of Corrections, Prepayments & Accruals, Depreciation of Fixed Assets. Are all of these done by creating journal entries?

 

Also if anyone is studying Part 3 and would like a study buddy please email me paul@inform.uk.net

 

Thanks

Paul


 Hi Paul

 

i am Rishi, i am currently doing BA4 mock exam . just got 82%. could have passed it. i will email you so we can talk thru it to each other.

 

thanks

 

rishi 

  • Affiliate
  • 26 posts
  • # 117356

khera.rishi said:

PaulW said:

I am currently working through a mock paper doing the computerised part. I just wanted to ask for some advice Task 3 is Adjustments and under here there are subcategories of Corrections, Prepayments & Accruals, Depreciation of Fixed Assets. Are all of these done by creating journal entries?

 

Also if anyone is studying Part 3 and would like a study buddy please email me paul@inform.uk.net

 

Thanks

Paul


 Hi Paul

 

i am Rishi, i am currently doing BA4 mock exam . just got 82%. could have passed it. i will email you so we can talk thru it to each other.

 

thanks

 

rishi 


 I look forward to your email if I don't respond straight away let me know as my spam filter may have stopped your email.

  • Affiliate
  • 26 posts
  • # 117395

Hi, This question is from a BA4 Mock and I keep going over it and over it and can't get the correct answer, so answers on a postcard or message as I can not see where I am going wrong with this one.


The following information is taken from the books during the month of May (VAT 20%)

Net sales from the Sales Day Book for the month £15,000

Gross Sales Returns from the Sales Return Day Book for the Month £600

Gross Purchases from the Purchase Day Book for the Month £4200

Damaged goods are written off due to a flooded warehouse (at cost) £5000

What will be the gross profit figure (after returns and damaged goods have been taken into consideration)

First Previous - Page 1 of 1 - Next Last
loading