Right folks, who's good a predicting exam questions? I trying to figure out what is likely to come up on the CT2 exam on thursday. There wont be a trial balance because there was one last time. An accounting ratios question maybe?
I found the paper challenging, but fair. The accounts questions was obviously fine. Very little straight bookwork, and in the other long question I struggled to make a lot of points. All in all, I thought it was ok though. What did everyone else think?
How did you deal with cash in the balance sheet? There was no information on cash, debtors or creditors at the start of the year so I wasn't sure what to do I also struggled to make many points for the other long question but other than that I agree it was Ok
I didn't think there was any cash? The company had a bank overdraft. Why would you need info on the creditors and debtors from the beginning of the year? Part (ii) of the other question was especially difficult to write about; 7 marks seems a lot. It'll be interesting to read to examiners report.
Of course, the overdraft, that old chestnut For the 7 marks I guess there'd be one or two for relating the points made to the situation in the question, they seem to like that sort of thing
Well the question did seem to be quite clear that they were talking about investment strategies in general, not particularly the one in the question. That's how I interpreted it anyways.
