[abj2513]

Just received the email and I can’t hide my joy as I passed with a First class honours. This was my second attempt on a new topic and organisation and my ACCA average mark was 67.5. Topic 1 for that matter.
Congratulations! to all who passed and commiserations to those who failed and take your time to reflect on the marker’s feedback before resubmitting.

[abj2513]

Failed my RAP but from what i am reading on this forum my confidence is back that i will resubmit a successful project. surely i will enroll with Learning Luminarium.

[abj2513]

Vodacom and MTN South Africa is it a good selection?

[abj2513]

p5 58% first attempt
i’m so glad I passed all 14 exams on first attempt

[abj2513]

so happy got 82% on my first attempt now left with two optionals

[abj2513]

glory to almighty i passed F5,f6,F7

[abj2513]

Zimbabwe tax got 55%

[abj2513]

passed with 76%

[abj2513]

82%

[abj2513]

EPS i got 23 cents per share

[abj2513]

variances question i used standard contribution margin did i answer correctly

[abj2513]

guys i am worried on the variance question did we have to multiply by standard profit or standard contribution

[abj2513]

happy 61%

[abj2513]

how do we record sales tax for the first time (both on purchases and sales) in the sales tax control account

0

[abj2513]

thanx too acltang72

[abj2513]

Under/Over – absorption does not arise if budgeted overheads do not equal actual overheads but the comparison is between absorbed overheads and actual overheads. in that question actual overheads equal budgeted overheads= $120 000 and absorbed overheads were $138 000 so there was an over-absorption of $18 000.
try to aplly the NOPU rule in your next questions
Negative = Over
Positive = Under when using the formula {ACTUAL minus ABSORBED}

[abj2513]

when we sell goods on credit we debit trade receivables account and credit sales account. the two sales accounts are for illustration purposes showing the sales individually i.e for boots and shoes. sales have a credit balance because they are the giving account and trade receivable account is the receiving account. thus the sales are made up of boot and shoe sales whereas the receivables are for boot and shoe as well

[abj2513]

the annual depreciation charge will be 8-000 for the third year as calculated by sangria9. at the end of year 3 the asset was given 3 more years which means it was left with 7 years and 3 more years were added leaving the asset with useful life of 10 years again after year 3 . the annual depreciation charge thereafter will be (66000- 8000)/10 = $ 5800. what do you think trea2401?

[abj2513]

they mean the same

[abj2513]

opening capital = closing capital less net profit add drawings
1500 – 2000 + 3000 = 2500

[abj2513]

for your last question am waiting for advice from other members as i am taking the same papers in dec

[abj2513]

i agree with you tolane don’t fool youself thinking the exams are far away if you are sitting paper based in dec. every moment/second from now is crucial for your success

[abj2513]

you don’t have to know them by numbers but their areas of application

[abj2513]

congratulations! did some questions in the bpp revision kit came in your exam?

[abj2513]

thanx , here is my email aberejena@gmail.com

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