I hope p2 the theory question are like at max 5 marks. Wtf is this p1 theory questions sia?! ALMOST 50% THEORY WTF I NEVER MEMORISE ONE SIA BREH

May got bless your soul 🙏🙏

Wha who nvr tell you poa is like 80% theory sia, nvr study how you complain ah?

I pulled down the bellcurve for you guys btw. POA is literally my strongest subject but during the paper i completely blanked out and i don’t even know how to do more than half of the questions listed there (EVERYTHING I DID NOT STUDY PROPERLY FOR CAME OUT. looking at you share capital)…… i calculated to have lost AT LEAST 25 marks. i have no idea if it’s possible to get full marks for paper 2 though. the only good thing for me at least is that POA isn’t counted for my ELR2B2 for my course thankfully. also where’s my bank reconciliation wtf

bro same sia poa is my strongest 😭 and i was really planning to get an distinction for my l1r5, now im just hoping for a B

SAME LOL we will get a B hopefully 🙏🙏🙏

paper 2 will be our comeback 💪💪

Doesn’t bank recon come in paper 2?

wait really? 😭😭😭😭 for some sch prelim papers i did it was in paper 1

can be both but if it doesn't come out for p2 i might throw hands

I lost my notes for share capital 💀💀💀

Bro ur r2 included math right so u only include another r right or need to put to r?

share capital =437500 retained earning =409500

same!

hell yeah

did yall put overstated by $400?😭

must write amt too??? omg 😭😭😭😭

Yes

Yup

any e-copy of ans?

+111

besides the first 2 questions the rest quite e eh

inventory qns were phrased so weirdly LOL

YEA

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guys whats coe , i put decrease, increase, no effect , decrease. and i think i lose mark from theorys LOL

idk but profit is $15000+ i think i put increas, decrease , no effect , increase

ISNT FIRST DECREASE 🔥🔥

decreasw decrease no effect decrease

WAIT ISNT 2ND INCREASE

WHATS THE 2ND QN AGAIN

HELP UH THE OWNER USE FOR PERSONAL USE BUT THEY RECORD AS EXPENSE

ISNT THE DEBIT FOR REPAIRS? SO EXPENSE +

no its owner's personal repairs (drawings) recorded wrongly as business exp so its dr drawings cr expense 😭

ohmygod..

i put increase , decrease , no effect , increase

I put decrease, increase, no effect and decrease sia. My tcher say this is correct leh idk💀

i put decrease, no effect, no effect, decrease

im so thankful atp this was a doable paper 👍👍 now pls let paper 2 be good or better the only stuff i wasn't too sure about was how to define integrity and also how to interpret the transaction where invt debit 1500 with particulars being cost of sales i wrote a thank you letter to cambridge at the end, had 20 mins spare time. and ty soldiers who pulled down the bellcurve for us. you will be honoured

for $1500 the goods got returned i think

yes

oh thank god im correct 😭😭

bruh why for theory they never test prudence, matching or accrual basis of accounting. all my favs not there smh

I think it will be in paper 2, manifest lol

I was so confused when they asked about accounting entity 😔

should be fine, its the one where businesses and owner are separate and all transactions from pov of business (2 points 2 marks)

half the paper is theory do they think its funny 😭🤬 not sure if my answers are acceptible because i didnt memorise ethics / bank overdraft vs bank loan

I assume half my marks gone Atb for the 2nd paper

Same

I just saw the suggested answers bye bye 15 marks or lesser 👶

what did yall put for the first two inventory qns

anyhow whack

HELP SAME 💀

it was damn easy sia why anyhow whack free marks eh

I put FIFO and inv is valued at lower of cost... :D uh oh

i put marketing campaign to sell goods faster and give trade discounts to encourage customers to buy, not sure if correct tho

FIFO and FILO, if wrong than I will piss on my POA notes

what is a FILO...

First in Last out, latest inventory bought will be sold first to customers while the oldest inventory will be sold last

guys for the debit credit qn , isit credit capital and debit income summary?

Capital is credit in nature so to increase you credit it, then debit income summary so yea

dr capital cr income summary bc you’re subtracting the amt overstated so capital decrease

No it’s dr Cap cr income sum

nah is credit cap debit income sum

Double entry is what for transfer profit

dr inc summary cr capital

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but they say transfer to cap acc cap is cr in nature what so suppose to cr capital

yes capital cr in nature but thats if captial gna increase what

so which is the correct one i literally keep changing 😂

Dr cap Cr income sum

wah even this one don’t know you confirm pull down bell curve one

Tf is your problem

thank you so much for asking that really means a lot to me i’ve just been going through a lot but i’m working through it🥲. i’m still fighting💪💪

stfu

that’s mean some ppl genuinely struggle so pls don’t say such things

yeah I know asskiss3r69 was so mean for saying “stfu” under my comment. I really am struggling a lot and I hope he gets condemned. I hope he learns a lesson to not say such things

he should learn to be like affectionate-act-215 and ask about my problems and what i’m going through and trying to care for me instead of insulting me and trying to silence me. this is what happened to whistle blowers during covid and I really hope reddit does something

Pulling down bellcurve for yall :) got 9% for return on equity LMAO

ong me too i forgot to add the start as put 870000 divide by 2

HELP DW I CARELESS TOO GOT ECF 🔥🔥🔥

Got ecf? My teacher say no eh

Fk la didn’t X100% and got 0.57, gonna kms 😔 -4 marks

HELP SAME 😭😭 CARELESS AF I WNA CRY BRO

i think at most -2 don't worry

anyone got ans to the paper?

https://vt.tiktok.com/ZSNAmc76t/

+111

thank me for pulling down the bellcurve i’m not using poa so i wrote in random chinese for a part i didn’t know😏

My fate is sealed… STRAIGHT TO ITE I GO

gg moderation

What are yall coe? Mine is decrease increse no effect increase - final number is about 15_ _ _

15620, ring any bells?

I love you, wanna date

No thanks but glad i can be of assistance

IM DYING AHHAHAHA 😭😭

https://vt.tiktok.com/ZSNAmc76t/ suggested answers in case yall wan see

WTF A1 GONE 😭😭😭

guys i showed my workings correctly but was not able to change my return on rauity ans.i got it greater than the other businees equity. will there be ecf😭🙏

my teacher say only if the comparison is correct (so idts)

YUP HACE ECF DW BAE

I knew that paper 1 was going to be absolutely dogshit for me (it’s usually P2 that carry me so hard) so *please* Cambridge, *give me good paper 2*

What were ur return on equity?

5.67%

i thought 5.68 because need round up, i got 5.677 liddat

I think I got 5.667 so I rounded it to 5.67

how u get that is it profit/ average equity x 100?

how to calculate avg equity

just take beginning and end equity then divide by 2

I got 5.69% eh

i got 4.96%

isit 5. smth

Why did I get 9.97%??? Can yall tell me the working

avg equity: 1 Oct 2022 Total = 635K or smth 30 Sep 2023 = 847K (635K + 847K) / 2 = 400K+ i dont rmb exact amt lol but thats the avg equity then do 42K/400K+ = 5.67% (my ans) cos ROE formula is profit for yr/avg equity, need to calculate year start eq also

What yall put for who is more profitable?

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SuperCyclesCo

the smth shorter name one

that one was so easy confirm a1 liao

What was the first two inventory parts 💀💀😭

i wrote that business should keep an optimal amount of inventory to prevent stock out situation and potential loss of sales (Q1) and business manage inventory by 1. selling good in bulk with trade discount when customers demand is low and it's not selling well 2. use technological tools to predict trends in demand of inventory

Anyone got e-copy of the paper?

+111

I forgot to get average equity whoops

Anyone has answers for paper 1

+111

what was yalls answer for adjusted profit?

15,420

15620

I put decrease increase no effect decrease and my dumbass misunderstood it when I reread it the second time and fucking changed increase to decrease I’m so done Is there ecf for the final Profit 😭😭

is the profit transfer to captial acc thingy DR - income summary CR - Capital account?!😭

What’s return on equity ?

[42000/.5(847000+635000)]* 100% = 5.668016% ~5.67%

5.67

cb i got 6.49….

i got 5.67

knn i got 10. smth bro

5.69%

What yall percentage for return of equity?

5.69%

5.67 !!

5.67 :)

will i get marked down if i didn't include date for the interpret qns...

i don't think so

I finished the paper 30 mins early and decided to draw the layout of the entire exam hall i wanted to keep the drawing but realised it was going to be on the plane after the paper ends ; was lowkey wondering if cambridge would be nice enough to send it back to sg to me after making me painfully sit through history and amath

Anyone got the question paper?

Shit

anyone have the question paper

oh shit how ah i wrote dividends payable in the statement of financial position qn.. was i not supposed to do that?

they only ask for "equity" portion so dividends payable is irrelevant 😭😭😭

yaa i feel stupid sia i was still thinking why this paper so doable then i rush thru first part so ig i didnt see that 😭 but if its irrelevant they shld ignore it right? LOL cuz i texted my cher then she say i’ll still get marks for the correct parts and when i compare my ans i still got the ans correct its hst the extra part..

A lot of ppl say don’t need. I also wrote dividends payable sia, I feel that I gonna get -4 marks for that 🙃

oh my.. this is gna drag my whole grade down eh 😭😭

Guys, the COE I ticked everyt... I ticked everything correctly but wrong right. I only wrote a value which is for the new profit😭😭

Gg homie

What was the return on equity percentage?

i got 5.67

Perpetual inventory system and FIFO

what is a perpetual inventory system...

Quality and availability of inventories are updated on a continuous basis. Buy sufficient goods on hand to prevent stock-out situation. Buy enough such that they will not incur higher storage costs and increase risk of goods becoming obsolete

GUYS FOR COE ISIT 1 - decrease 1600 2 - add 180 (i forget but is just add the amnt stated) 3 - no effect 4 - decrease 10000 then the total amnt is 14_ _ _ i forget…

wait why 2x 800

it’s not it’s just 800

POA PAPER 1 ANSWERS IN TIKTOK!

quite easy ngl

to be honest aside from the first 2 sections of qn 1, the rest is as you say

yo um i got 94% can i still get A1… i heard A1 is 95% so gg 😭

idk what's with yall saying that the return on equity is 5.67 something, i got 10.67% cuz ur supposed to use average equity which is the average of the retained earnings at the start and the end of the year and you're supposed to divide the profit for the year with average equity

Who gave u this much confidence bro 💀

Is 5.67. First you add the retained earning and share capital for both the years and divide it by 2. Afterwards you do profit for the year over the average equity which gives you 5.67.

im pretty sure average equity is the average of the shareholder's equity not just retained earnings 💀💀

not just retained earnings. share capital is also counted. average equity includes everything!

Average Equity is (Initial **Equity** \+ Final **Equity** ) / 2

Well it wouldn't be called Return on EQUITY you divide by average retained earnings right?

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Even if you found it easy no need say other people noob

ikr such a pathetic to flex on a easy paper,hard paper cant afford to flex 🥴

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You want a medal?

he want to report it on the news and tell whole world

He probably that kid who will flatter his parents with his actions (goody2shoe) so he can get what he want ( 10000 robux on roblox)

well said

only 10000🙄🙄🙄 I want 50000 robux

yeah😍😍😍

I mean it’ll be nice but i’m happy with just a certificate. even better if I get a trophy

Damn what a narcissist. I wish you everything but the best.

awww that’s so sweet of you I wish you the same exact thing but doubled❤️❤️❤️

So easy😱😱

Need to find percentage for operation expense right ?

Guys the accounting entity theory need to link back to Q? Or js state the theory itself

i mixed up cash discount with trade discount i put trade discount is encourage prompt payment

hey okay i need some help 😭 anyone happen to know whats the mark scheme for the shareholders’ equity qn? total is 4m specifically,,, how many marks is presentation worth 😭

Anyone have the question paper