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loans

Hi. With a loan sometimes you have to pay an arrangement fee, will this go straight to the P&L, completely avoiding the liability account in the BS? Also in recognising the loan, what is the...

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A really stupid question

This is as per the title. Can a company spend its share capital? I understand that the share capital transaction can not be a straight Dr Share cap. Cr Bank. Together with share capital can not be...

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1.7 question sample assesment 1

I have a problem with 1.7 question I am trying to calculate inventory holding period but not sure how to calculate inventory. I want to use formula for Inventory turnover : Inventory/Cost of Sales x...

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Account for inventory

Hello, Ive been trying to figure this out for ages and all the demonstrations I ve seen have been simple rounded numbers. I m new to accounting and can t get my head around this at all, any help would...

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AAT LEVEL 4 BOOKS FOR SALE

I am selling to the following AAT Level 4 Osbourne Books Analysing Financial Performance (Tutorial & Workbook)Personal Tax (Tutorial)Financial Statements (Tutorial & Workbook)I am looking for...

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AAT Level 2 Books

I am selling to following AAT Level 2 Osbourne BooksBookkeeping 1 (Tutorial & Workbook)Working in Accounting & Finance (Tutorial & Workbook)Introduction to Costing (Tutorial &...

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Wanted Osborne or kaplan books

Hi, anyone have maybe full set of books for aat level 2 for sale? Perfect will be 2016 but I'm not sure if I should go with kaplan or osborne...?

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Wanted: Level 2 Osborne Books

Hi everyone, looking for Level 2 Osborne books to buy. If anybody has any for sale, please comment bellow Thank you X

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cant access any of the exam questions

I've been having a problem with accessing any of the exam questions on the AAT website for level 2 bookkeeping.can someone please help resolve this problem asap because I have an exam this week on it...

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The layout of the Financial Statements

Hello everyone, Is there any rhyme reason for the lay out of the Statement of profit or Loss and the Statement of Financial Position? If so, can anybody offer a reason for it's 3 column layout?There...

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AAT Level 3: Most Important Tips for Each Of These Topics

Hi all,I am currently doing AAT Level 3, I want to know from someone who has completed this or understands thoroughly what are the most important pieces of advice for:1. Indirect Tax2. Management...

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Practise Exams

Does any body know anywhere I can get access to other practise exams for decisions & Controls other than the 2 on the AAT site?Thanks

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How to view most recent posts in Linked In?

Good Afternoon FolksI hope you’re all well. I go on linked in about twice a day. How do I find out the most recent posts sent by other people in (say) the last 6 hours, so I don't miss out on anything?...

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Need help with Chapter 6 - How are people calculating what should be taxable

Hi I am due to sit my PTax exam in the next few days but am still really struggling with how to calculate what income should be taxable...For example say you have £114,000 non savings income, £7,000...

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Total Direct Labour Variance practice assessment question

Budget Direct Labour Hours: 5400 Budget Direct Labour Cost: £47250 Actual Direct Labour Hours: 4230 Actual Direct Labour Cost: £38070 Calculate the TOTAL DIRECT LABOUR VARIANCE I have tried (SH X SR) -...

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Client fee

Can i ask you lovely members some advice please. I have a client who sent her accounts to be filed back in January. I have spent at least 3 weeks on sorting it out. Within the last month she has sent...

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Taxcalc vs. Taxfiler

Hello,I am considering using software for the preparation of tax returns and accounts for sole traders. I would like to hear people's experience with either/both. The AAT magazine is advertising...

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How to deal with clients who dont have business bank accounts?

Apologies in advance for a stupid question. I spoke to a potential client a couple of days ago. He doesn't have a business bank account. All his business expenses are paid from his personal bank...

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Sample Assessment 2 help needed please

Task 3 the answer under staff parties says 100 under foday's total employment income but i though staff parties is a non taxable benefit up to £150 a head so surely the answer should be 0 if the party...

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Financial Statements 2016 for Sale - Brand New (FI)

Hello, I'm selling the course pack Financial Statements with First Intuition 2016, brand new, hasn't been opened from the pack, it comes with a notepad and markers. Price £25 plus postage. Thank you.

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