As the sun rises on June 18th, the ledger balances. The villains are bankrupt because they forgot to account for Accruals and Prepayments
Interest on drawings is deducted after net profit, not before. The Jun17 mark scheme showed a strict order: Ib G Jun17 Accn2 Mark Scheme
Accept alternative sequencing if logical. Do not award M3 if purchases are incorrect unless OFR applied. As the sun rises on June 18th, the ledger balances
Mark schemes can look like a foreign language at first glance. However, they are actually the most powerful revision tool you possess. This article breaks down what the Jun17 Accn2 mark scheme contains, how examiners think, and how you can use it to turn a good grade into a great one. how examiners think