2024 POA Principles of Accounts Paper 1

[@AccountingforAll-up8od]

Corrections: 19. A 60. D

[@user-vt9ng7po6t]

How miss

[@user-vt9ng7po6t]

Can u explain 60 please

[@AccountingforAll-up8od]

@@user-vt9ng7po6t By error, N Smith's account was credited instead of M Smith's. Therefore, you've to remove the amount from N Smith. This is done by debiting N Smith and now crediting that amount to the correct account, M Smith.

[@DancesRepost389]

19. A … how is that prepaid ? Prepaid takes the debit side of an account and since it was b/f from the previous year then that means it’s owing to the business

[@stokesbossgaming1115]

Excatly i put is accured ​@@DancesRepost389

[@Geminibaby171]

Why them mek this year paper 1 so hard ? I never see a paper so hard yet mi a pray seh mi get good amount pon it

[@zzxne9542]

Same I probably got 48/60 and usually in my past papers I get over 50

[@ramesh-jb8zi]

​@@zzxne9542 I probably get 40/60 how hard duh ting come

[@lovelybrown1086]

SAME GURL

[@shsasuke8591]

Me fi tell u 😭

[@chloeramnath2695]

ALREADY??

[@og_sxope_hikaruspiano7598]

honestly lets just move on and pray for paper 2

[@latishaellis4260]

Same thing am saying 😢

[@naomisandy8030]

Im doomed.

[@taehyungswife9748]

@@naomisandy8030same 💀😭😭😭😭

[@tyannakelly392]

d paper 2 was 10x worse😭

[@georgiamua4344]

i got cooked. why were there so many ratio questions???

[@ilypenn]

righttt, guessed one right tho😭

[@jemarsmith7192]

Can you get paper 2 tonight?

[@aquliahall9899]

Yuh afi guh dung😂😂😂

[@aliyahhector9147]

😭😭

[@Victoriiieeee]

Are you okay? Mentally???

[@majorflop603]

😂😂😂😂😂

[@sadrithomas6975]

🤣🤣

[@qloonyy8577]

the paper 1 dis year wAS HARD AS HELL i looked over 7 past papers prior to the exam nd bwoiiiiiiii it nevA mek a sense

[@Marisol75534]

ok I'm surprised by how fast this paper come out like really,

[@tjae7341]

honestly

[@Destiny21738]

Ppl say it was out 1 hour before the exams

[@AccountingforAll-up8od]

​@@Destiny21738 who is people???

[@shaquilledixon3645]

Guys I do my best I practice make many past paper 📝 but I feel I do my best 🎉 but the paper was the exam was tricky

[@tjae7341]

Don't let this one paper make you give up!

[@KIKI_FF.]

Dat mi medz eno

[@neysacharles8467]

It's hard not to

[@zzxne9542]

I wrote the exam today lets hope I pass over 50

[@lylagreen7339]

Jah know star..

[@swordmankirito6659]

I got cooked

[@AccountingforAll-up8od]

There's paper 2. Hope it's manageable.

[@telemaqueewin1232]

Me too😂

[@tennillecooper2075]

How much​@@telemaqueewin1232

[@postingjam3533]

Same. That paper wasn't it

[@Imnotthatguy-xz4je]

lucky i wrote in form 4 ,this thing kinda cooked me

[@zahrabaptiste674]

hi would u be doing the paper 2 for may june 2024

[@alzosa7060]

19 a A?

[@inviiinciiible]

i got 39/40 on my sba and 24/60 on this Is that a pass??

[@ChristianBarakat-uf7vv]

Leak paper 2 one time

[@marquongittens-gay4476]

Real

[@tjae7341]

fr

[@Victoriiieeee]

Nooo my paper 1 score too low

[@arica1996]

well good news for you it is leaked

[@daine_4458]

@@arica1996I so happy,literal tears😭😭

[@jaheem5112]

This mek mi head hurt mi today

[@TokenOP]

🤣

[@acolyster650]

I think i get atleast 43 so a 1 still possible if i do good in p2

[@kayla-tj2hq]

Dis no safe😭

[@Kas-fq4iy]

Mi do dah paper yah today rn mi fraid fi watch all a it😢

[@DancesRepost389]

Why did you add the 150 to the 4000 and not subtract it ?

[@AccountingforAll-up8od]

Dishonored cheque means failed payment. Payment decreases receivable balance. Therefore, a failed payment will increase the amount.

[@ArtieMohammed]

Fed up already yes.

[@shanessabrown3845]

i’m cooked 🙏🏾

[@zihanhuang3047]

wouldn’t 44 be C? cuz it was originally in profit and loss acc, but being transferred in manufacturing account.

[@ukiyogiss-398]

depreciation of *office* machines, not factory. It is an expense, so it's recorded under expenses in the p&l account. It would only go to the manufacturing account if it said depreciation of factory machines

[@danielpierre4684]

For number 12, wouldbt it be cost ad in historical cost

[@AccountingforAll-up8od]

It is recorded at historical cost. However, it didn't account for any change in value. That's where a breach of prudence concept comes into action.

[@Original._Trixx101]

Have p2?

[@Itz_Queen_Puff]

ik i did good on the sba my score was 25/30 and from memory i got a few ver 25 correct so if anything thats abot 50+% so thats a good start paper 2 hopefully ill do better (i didnt know calculator was allowed cause i was just studying and i left it so that was a set back)

[@culturedhajun3353]

Poa sba worth 30%?

[@anonymoususer7095]

Sbas are 20

[@Itz_Queen_Puff]

@@anonymoususer7095 my teacher told us it’s out of 30

[@Itz_Queen_Puff]

@@culturedhajun3353 that’s what my teacher told us even in highschool they told us it’s out of 30

[@itzyogurllia17]

If a got 95% for my sba and got atleast 44 of these correct yall think I can pass?

[@ara_lc]

Yes

[@Rose-Ann05]

A sack a salt mi be

[@danielpierre4684]

20 has to be a, you cant twll if a cheque was dishonoured until after the bank ststement comes, right

[@AccountingforAll-up8od]

A is incorrect. Bank lodgements and unpresented cheques are used to update the bank statement, not the cash book. Therefore, you cannot use bank lodgements in the cash book because it is a timing difference item affecting just the bank statement. Also, there is no mention of a bank statement. Bank statements and Bank Reconciliation statements are different.

[@user-rm6ji7gx2b]

Seems like an over 50

[@tennillecooper2075]

The last one isn't D?

[@AylaBarnes-le5yu]

Thinking the same

[@AccountingforAll-up8od]

It is D. I misread.

[@latishaellis4260]

It is D

[@gunxx4kt6]

interesting

[@forzalution1878]

is 16 not A ?

[@imtiazali2909]

50+ gang 😮‍💨

[@ChristopherNaraine]

Here😮‍💨

[@kirakaycampbell709]

54/60 hope paper 2 easy suh mi can get a 1 😂

[@aquliahall9899]

Angle dat🔥

[@l6nxr]

For number 19, why not prepaid?

[@Kblissbeaded]

Rt

[@AccountingforAll-up8od]

It is prepaid. I pinned the corrections.

[@l6nxr]

@@AccountingforAll-up8od thank you👍🏾 I had posted the comment before the correction was made.

[@shaquan7932]

Thosr anybody know if 40 plus out of 60 im paper 1 and a perfect SBA can be considered a grade 3?

[@Victoriiieeee]

Honestly, it depends on the performance of the others sitting

[@shaquan7932]

Ok

[@culturedhajun3353]

How much is the sba worth

[@kickyourheadoffentertainme1499]

​@@culturedhajun335320% of the grade

[@kickyourheadoffentertainme1499]

I don't even know what percentage is a grade 3?

[@Azarrii_87]

Wages are paid weekly fr?

[@ukiyogiss-398]

Yup. Salaries are monthly

[@shaquan7932]

Well i got 45/60 so thats good ig

[@stokesbossgaming1115]

Same but I feel like some of these answers are wrong

[@shaquan7932]

How comes?

[@anonymoususer7095]

​@@stokesbossgaming1115it better be wrong cause broo

[@Anto-lv4ef]

@@stokesbossgaming1115 SAME

[@CyanRahh]

51/60 nu bad at all i could have gotten 55 but i made some dumb errors boy

[@zihanhuang3047]

wouldn’t 19 be A?

[@AccountingforAll-up8od]

Why did I read, "Has been prepaid"? Yes. It's an advanced income. 😊

[@josiahwilliams6705]

Eh sir do paper 2 tonight please bai please

[@airo1659]

50/60 like i getting ah 1 😂

[@Luke-mc1qf]

At least i pass half

[@pandae5657]

I thought the total value of the float is 99 bro, is my math not working or wat

[@AccountingforAll-up8od]

The amount spent was $99. Lol The float is $15+85

[@jess7769]

ian even gone bother watch ts🤣

[@user-fd9rz8sx7f]

I get 55 not bad 🎓

[@athena3680]

48, I'm cooked

[@notoriousbiggiet4853]

yh boy I got cooked😭

[@gillyzhang9411]

BAD 90% CALMMMM

[@tuniscox]

IM COOKED BRO IT'S OVER

[@anonymoususer7095]

Same

[@_minkookie_]

Isnt number 50 B??

[@pottong2255]

no it’s A

[@dee-xy4in]

​@@pottong2255how the credits is more than the debits

[@pottong2255]

@@dee-xy4inyes so you debit 800 balance carried down so the totals will be equal

[@ziggayyy]

cooked💀🙏

[@ksw.__.08]

No cause I knew something was wrong with question 11

[@linzkey]

nah it’s B) $6 they just changed a part of the repeat question

[@AccountingforAll-up8od]

​@@linzkeyHow do you possibly arrive at this? They changed the last figure from $2500 to $2000 and left all the options unchanged.

[@shaquan7932]

Yea and I am wondering too tbh but I think we should still get it right because it's there mistake.

[@linzkey]

@@AccountingforAll-up8odyou only include the $2000 labeled factory rates and rent + cost of raw materials/640 to get $6, you don’t include the rates and rent that isn’t specifically called factory rates and rent as it should be assumed that it’s for the office being that its two separate rates and rent they give.

[@AccountingforAll-up8od]

@@linzkey that would result in $6.09. Nowhere asked for the answer to be rounded to the nearest whole mumber.

[@joshualucas2429]

men im done. its over

[@joshualucas2429]

int get 5 and it's question 15

[@Kblissbeaded]

31/60💀

[@growth1600]

💀👀

[@culturedhajun3353]

Bout 27 mi get did affi guess couple afta mi run outta time suh mi nuh too sure

[@aquliahall9899]

@@culturedhajun3353 same

[@starri.oo-]

yoo i actually pass 😂😂

[@DonicaGordon-py4ez]

Shame issi😓

[@tjae7341]

not lookin...

[@kickyourheadoffentertainme1499]

I GOT 36/60 somebody please tell me that's something.

[@athena3680]

That's 18% of the final grade, if you get 80% for the sba then that's 16%, add those up you get 34, which means you'd need to get 95% on paper 2 to get the 46% of 50, add that and its 80% final grade

[@alzosa7060]

@@athena3680how much would be 95% in points

[@_sheda._1116]

Mi ago cry😭😭😭😭😭😭😭😭😭

[@TafarieABG]

Do paper two now😂😂😂

[@AccountingforAll-up8od]

Lmaooo

[@TafarieABG]

Man a laff😂😂

[@TafarieABG]

Uh Jhus get di paper😂

[@pandae5657]

Bro if paper one cooking yall, imma let u know that paper 2 is worse

[@AccountingforAll-up8od]

Paper 2 was simple.

[@pandae5657]

@@AccountingforAll-up8od then I'm cooked, I know I passed this but paper 2 had barely anything of what I studied

[@nico.exeeee]

i got all wrong

[@aliyahhector9147]

Fr?

[@Desdiorr.Chynna]

Jk?

[@nico.exeeee]

@@aliyahhector9147 no no😭 i was joking

[@nico.exeeee]

@@Desdiorr.Chynna joke

[@aliyahhector9147]

@@nico.exeeee or lol😂