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Accounting conundrum (or question, just wanted to sound fancy)

  • 19-06-2010 4:56pm
    #1
    Ashashi
    Registered Users, Registered Users 2 Posts: 285 ✭✭


    Can someone just check for me if they have done the 2007 service firm for HL, the revaluation looks wrong to me.


    Cheers.


Comments

  • #2
    Vurnon San Benito
    Registered Users, Registered Users 2 Posts: 3,979 ✭✭✭Vurnon San Benito


    Are Service Firms Due?
    Thought it was Club Accounts all the way :D


  • #3
    Ashashi
    Registered Users, Registered Users 2 Posts: 285 ✭✭Ashashi


    Just doing one to be sure to be sure, but it seems they gave the wrong figure for buildings, given the answer I got.


  • #4
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    I did this question yesterday. It worked out fine for me.

    OP, you might have forgotten that the buildings were extended by €70000 before the revaluation!


  • #5
    Ashashi
    Registered Users, Registered Users 2 Posts: 285 ✭✭Ashashi


    **Timbuk2** wrote: »
    I did this question yesterday. It worked out fine for me.

    OP, you might have forgotten that the buildings were extended by €70000 before the revaluation!

    Ahhhh there it is, bloody hell, I keep missing those little things. It makes sense now, they didn't even show it in the workings. Cheers :)


  • #6
    Princess3
    Registered Users, Registered Users 2 Posts: 79 ✭✭Princess3


    I hope it's Club Accounts :) Anyone else doing Ratios?


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  • #7
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    Ashashi wrote: »
    Ahhhh there it is, bloody hell, I keep missing those little things. It makes sense now, they didn't even show it in the workings. Cheers :)

    Club and service accounts are notorious for 'hidden items' like that. Think of the R&P account as a bank statement or a cash book. As you read through the question, star any significant hidden items ( eg loan interest due, purchase of equipment etc)


  • #8
    Grace16
    Registered Users, Registered Users 2 Posts: 118 ✭✭Grace16


    Princess3 wrote: »
    I hope it's Club Accounts :) Anyone else doing Ratios?

    No but i wish i had of done them in class before....it's just the notes that get me haha


  • #9
    Vurnon San Benito
    Registered Users, Registered Users 2 Posts: 3,979 ✭✭✭Vurnon San Benito


    In Ratios you mean Interpretation? :D


  • #10
    Princess3
    Registered Users, Registered Users 2 Posts: 79 ✭✭Princess3


    Yeah exactly!


  • #11
    Vurnon San Benito
    Registered Users, Registered Users 2 Posts: 3,979 ✭✭✭Vurnon San Benito


    They're a dead cert our teacher told us, and she usually doesn't say them things unless they are indeed definitive to appear.

    I'm going with Company, Club, Interpretation and yet to decide on the last question...

    Would be a dream paper if I got all those three to start!


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