Economics, Accounting & Business: Post your doubts here!

[CЯeScɘnt]

ill be ryt back.

 

[Sarah Paul]

i still didn't get that point, but ok

Drawings are usually wen the owner takes fr the personal yse bt in this case its the builder so u take it as business expenditure

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Q10 . ??
AlphaBeta CЯeScɘnt

 

[:: A^]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Q10 . ??
AlphaBeta CЯeScɘnt

i know you dint ask me but its D right?

 

[AlphaBeta]

i know you dint ask me but its D right?

ya D

 

[Sarah Paul]

i know you dint ask me but its D right?

LOL nothing like that u werent online only those 2 were there so i wnted the immediate response.
Sorry
Yes its D.
By the way hw to do that?
Thanks fr the reply

 

[:: A^]

The new invoice increases the amount receivable. So new TR would be 48500+900=49400
For the receivable amount in the balance sheet u add the debit balance of the Purch Control account also.
So 49400+3600=53000

LOL nothing like that u werent online only those 2 were there so i wnted the immediate response.
Sorry
Yes its D.
By the way hw to do that?
Thanks fr the reply

 

[Sarah Paul]

The new invoice increases the amount receivable. So new TR would be 48500+900=49400
For the receivable amount in the balance sheet u add the debit balance of the Purch Control account also.
So 49400+3600=53000

Why do u add that 3600?

 

[:: A^]

Why do u add that 3600?

Because it is a debit balance in the purchase ledger control a/c. It basically means that you have overpaid your creditor. Hence, it is an asset. (Like a prepayment). You treat this as a Trade Receivable.

 

[Sarah Paul]

Because it is a debit balance in the purchase ledger control a/c. It basically means that you have overpaid your creditor. Hence, it is an asset. (Like a prepayment). You treat this as a Trade Receivable.

Always?

 

[:: A^]

Always?

In an MCQ if there is a debit balance for Purch Control, you take it! Practice MCQs, there are alot of questions like this!

 

[Sarah Paul]

In an MCQ if there is a debit balance for Purch Control, you take it! Practice MCQs, there are alot of questions like this!

Hmm yes i did many bt i gt all of these typr wrong so i realised wat was wrong
Thanks

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Q13 and 14?

:: A^can u hlp me wid these 2?

 

[:: A^]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Q13 and 14?

:: A^can u hlp me wid these 2?

Q14 - Find closing inventroy first. Remember, 20 are damaged and 20 are good.
So cost will be (20*16)+(20*10) = 520
Then use the sales - cost of sales to find the profit
Which is (60*25) - (1600-520) = 420 = C

 

[Sarah Paul]

Q14 - Find closing inventroy first. Remember, 20 are damaged and 20 are good.
So cost will be (20*16)+(20*10) = 520
Then use the sales - cost of sales to find the profit
Which is (60*25) - (1600-520) = 420 = C

Thanks
Ur a genius Masha Allah

 

[:: A^]

Thanks
Ur a genius Masha Allah

Haha nothing like that. Just another student like you! Pray for me In sha Allah!

 

[Sarah Paul]

Haha nothing like that. Just another student like you! Pray for me In sha Allah!

Sure Good Luck fr ur papers

 

[:: A^]

Sure Good Luck fr ur papers

Thanks s2u

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s12_qp_12.pdf

Q11
Why wnt Z have an increase?

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s12_qp_12.pdf
Q18