Tip 3 - And the need to understand VAT

Tip 3 - If you know you've got an exam coming up, revise for it, LOTS!!

I realise that sounds really obvious but you'd be surprised at how many people in my accountancy class didn't. I for one, certainly didn't revise enough, particularly on the subject of VAT.

But then, who in their right mind would want to spend hours of their precious and very valuable time reading chapter after chapter on VAT thresholds, imports and exports, schemes.....need I go on?

So when the exam came, answers to questions such as 'Input VAT on a VAT control account appears on the debit side of the T account, true or false' have an amazing way of escaping me. Really and truly, who honestly cares? You have a 50/50 chance of getting the answer right anyway so I plumped for one. Luckily I think it was the right one. Not sure about my twittering friend @belle_lulu, better check on her blog later to see how befuddled and bemused she was about the whole thing (http://www.luluslalalife.blogspot.com/ - hope I got that right)

So after a long day slaving over an extremely dull and tedious accounts paper I have returned home to be greeted by overexcited puppy (you'd think I'd been gone for years), small hobbit whose only communication was 'Can I go on the computer?' not even any attempt at 'How was your day, mummy?' or 'Can I make you a cup of tea, mummy?'. (I know that latter one was a bit on the hopeful side) and only half an hour before I have to fetch slightly larger hobbit from his homework club (you can only imagine how thrilled he is to go to that one!).

Anyway, big question is, do I have time for a quick G&T before returning to school again for Parents Evening or indeed whether it is appropriate to turn up at said Parents Evening in Gin soaked condition. Perhaps not. Will have to wait for afterwards and then I can comiserate the completion of crappy exam and celebrate the wonderful school report small hobbit is going to get from his truly amazing teacher (I do love her - she is a star).

Perhaps if hubby hobbit has had a day like mine he will want to join me, so I think I had better wait until he gets home before hitting the bottle. Cheers y'all!