Economics, Accounting & Business: Post your doubts here!

[:: A^]

This is a tough one.
I applied Sherlock Holmes approach on this one. We know for sure that A and D cannot be the answer. If birth rate increases, the income growth per head would fall. If government increases its defence spending, than too the income growth per head would not increase as there would exist unemployment because lack of investment.
B and C are left. Now according to me, imports would have little effect in long run upon the growth of income per head where as if people start to save, there would be more leakage in an economy. As it's developing economy, government would have to invest and this would create job opportunities for individuals. Thus in the long run, it would result in increased income per head.

Jazakallah!

 

[Sarah Paul]

Thank you... Can u further tell me what is the change in that part?

After u get the net profit u stop with that
U do not continue putting the dividends and the other stuff in the income statement u have to draw a seperate statement of equity fr that

 

[David Hussey]

Income Statement/statement of comprehensive income for the year
the normal stuff on the top
and then

Gross Profit
Income
less Expenses
Profit from operations
less Finance costs
Profit before tax
less Tax
Profit for the year attributable to equity holders

Statement of changes in equity
Retained earnings bal at start of year
Profit for the year (how much you got in income statement)
Transfer from other reserves
less dividends paid
transfer to other reserves
balance at the end of the year

 

[Sarah Paul]

Income Statement/statement of comprehensive income for the year
the normal stuff on the top
and then

Gross Profit
Income
less Expenses
Profit from operations
less Finance costs
Profit before tax
less Tax
Profit for the year attributable to equity holders

Statement of changes in equity
Retained earnings bal at start of year
Profit for the year (how much you got in income statement)
Transfer from other reserves
less dividends paid
transfer to other reserves
balance at the end of the year

This you do for the balance sheet but there is a differnt format for the changes in statemet of equity

 

[Sarah Paul]

David Hussey did u do that question?

 

[David Hussey]

This you do for the balance sheet but there is a differnt format for the changes in statemet of equity

you mean the column format where you put ord share capita and all that stuff and the last column having the total
and then you enter the transactions row by row
for eg transfer to a reserve, minus from the retained earnings and add to gen reserve
is that what u are talking about?

 

[David Hussey]

David Hussey did u do that question?

oops i forgot inshAllah will do

 

[Sarah Paul]

you mean the column format where you put ord share capita and all that stuff and the last column having the total
and then you enter the transactions row by row
for eg transfer to a reserve, minus from the retained earnings and add to gen reserve
is that what u are talking about?

yah exactly

 

[Sarah Paul]

oops i forgot inshAllah will do

Its ok no problem
Only if u can. Btw have u ppl got the study holidays?

 

[Sarah Paul]

oops i forgot inshAllah will do

No problem only if u can

 

[David Hussey]

Its ok no problem
Only if u can. Btw have u ppl got the study holidays?

i guess we will get idk
school starting tomorrow, we will be having a special timetable as well

No problem only if u can

btw ur question is in paper 2, i wont be doing paper 2 cox i already did in AS
so uhmm i might not be doing it :/

 

[Sarah Paul]

i guess we will get idk
school starting tomorrow, we will be having a special timetable as well

btw ur question is in paper 2, i wont be doing paper 2 cox i already did in AS
so uhmm i might not be doing it :/

Hmm ok no problem ya i am an AS student

 

[David Hussey]

that question looks to freaking long as well m too lazy also

 

[Sarah Paul]

that question looks to freaking long as well m too lazy also

Its ok

 

[David Hussey]

Hmm ok no problem ya i am an AS student

not mad at me right?

 

[Sarah Paul]

not mad at me right?

yes very *sarcasm*
Y shud i be? It was jst a requst and since u are taking the exams i cnt bother u

 

[David Hussey]

yes very *sarcasm*
Y shud i be? It was jst a requst and since u are taking the exams i cnt bother u

 

[:: A^]

yes very *sarcasm*
Y shud i be? It was jst a requst and since u are taking the exams i cnt bother u

AS eh? I can help you out!

 

[Sarah Paul]

AS eh? I can help you out!

mAY june 2004 paper 2 question 3

 

[Sarah Paul]

Thank you so much il be waiting
Only if it is possible