AAT Level 2 - Principles of Bookkeeping Controls (POBC) - Mock Exam Walkthrough - Part 2

Within this video i'll be walking you through Task 5 through to 8 of Principles of Bookkeeping Controls (POBC). This is covering mock two from the AAT website.
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[@Lily-kq4wi]

still don't understand the question of ' Sonya run little business,' why suspence account is 24 credit? Why why why. I think is: Dr suspence a/c 24. Cr RLCA 24. Why the answer is 24 credit. Why? Anyone please tell me??

[@FreyaWalton]

For task 6 B, the mark scheme on AAT for this practice assessment is saying the answer is a credit entry of £303? Which is the correct answer yours or the mark scheme?

[@Willboardman]

I can see what they were going for within the answers, there’s a debate within the wording in this question. Without the recognition of an automated bank allocation system it just wouldn’t happen like this but equally if they did it’s completely plausible. Regardless I would always say to go with what’s in the answers from AAT!

[@FreyaWalton]

thank you👍@@Willboardman

[@nuttyrachel]

Would you be able to do a video on the new level 3 Tax Processes for Business please?

[@Willboardman]

I certainly will be :)

[@kristiyannikolov8473]

Is it worth taking IFA courses? Do you provide training and preparation for exams?

[@Willboardman]

It could be worth doing, I’d say there’s probably other options after AAT that I’d go with depending on the route you’d like to take :). If it’s strictly management accounts then CIMA, if you’re keeping your options more open or would like to focus on practice then ACA or ACCA