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First Entry or Trading Profit Loss

  • 03-06-2012 9:38pm
    #1
    Julius Seizure
    Closed Accounts Posts: 459 ✭✭


    OK, I'm at a loss to this. TPL or First entry. I would preferably do both but they take longer than the theory questions and I know them quite well. My main problem is that I do better in First Entry, but that I'm not as confident in myself as with the TPL as I've only done them for half the length of time. I know the TPL inside out but I'm worried I'll do some tiny mistake like put Dleacht Allmharíochta in the wrong place and well, one mistake and your Balance sheet is ruined. What are other people doing? didn't get a chance to do the mocks for it as we only did balance sheets recently.


Comments

  • #2
    paddzdaman
    Registered Users, Registered Users 2 Posts: 95 ✭✭paddzdaman


    Hey i would go with the trading profit and loss because it takes less time and easier to get more marks because you are marked for each figure in the accounts questions. so their could be ( guess 30 figures for trading each getting one/two marks each so even if u mess up u may only lose a few marks as long as you have the right figures. While in the first entry majority of time you are marked up to 0.5 per mark and with the balance sheet at the end with so many figures you actually have a stronger chance of messing up (my opinion). Hope it helps best of luck in your junior cert :D


  • #3
    John Sugrue
    Closed Accounts Posts: 87 ✭✭John Sugrue


    I would go with TPL. By the way, I wouldn't go so far as to say one mistake ruins your balance sheet. Depending on the mistake, if it's the only one, you won't lost a huge amount of marks because of it. The B/S won't balance but you could still be on for 35ish/40.

    Defo a good question to do.


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