All Junior Cert Business Studies posts
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    Final accounts and balance sheets- HELP Galbraith

    CReditors make you CRy Debtors make you Delighted

    In trade a/c the only thing you ADD, is to get the COST OF GOODS AVAILABLE FOR SALE

    Total net assets and capital employed should be the same

    Carriage INwards in t account carriage OUTwards in less expenses

    Take time to sort out what goes where eg, L E- less expenses


    - prepaid

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      Anymore help, plz add :)

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      Before you start the question decide what part of the account the fig. goes in like Opening stock goes in Trading so write a t beside Opening Stock.Hope this helps

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      tick off what you have entered as you go along so that if it doesnt balance you can go back and check easily

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      Download all the past papers and marking schemes from and if your able to, print them. That's what I did when I was in 3rd year. Also get Less Stress More Success Business as it's really good at explaining the balance sheets and various accounts. I know it's a pain but it's worth it in the end.

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