[lince0999]

Thank you very much for your reply.

The short term borrowing balance on the second year, 266, how do we reach this figure?

This is what is throwing me off as I’ve tried several different alternatives and I can’t reach it :/

[lince0999]

John,

Cuold you explain this in a different way or write the working to get 20X6 interest figure? I understand the 63 for the first year, but I can’t follow the other calculations.

[lince0999]

The test questions were killers! The writing questions i found mainly OK..

[lince0999]

64%

[lince0999]

@macca7777777 said:
Got 15,000 goodwill…
Shares 32,000
Loan Note 15,000
NCI 9000

Shares 20,000
FC Adj (4000)
Retained Earnings 25,000 (19,000 + (8000 x 9/12))

+1

[lince0999]

Yes, thank you very much. I understand the logic of the answer now.

[lince0999]

OK I understand now, the safety guard is useless without the machine, so if done separately I need to take into account the machine time span and not the safety guard’s. Thanks!

[lince0999]

Thank you Mike.

I was indeed exempt from F1, F2 and F3 because of having completed the AAT… and I did pinpoint after this post that my confusion was mainly originating by a double entry accounts issue.

I went all over AAT level 2 double entry principles to remember the T accounts layout with different years, balances carried down, balances b/f etc.

Thank you for your reply… refreshing double entry basics and your comment helped bring that previous knowledge back to memory!

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