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Economics, Accounting & Business: Post your doubts here!

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Does any one rmbr the ans for ques. no 3?? Journal entry for the rvalued assets or sth like that?
 
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the gross profit and ROce both incresed. Since the LT liabilities were not to be deducted from the Net assets.
And Its 8500 since the Variable Cost was (1500*5=7500) and the stepped cost for 15000 units is 10,000 (5000*2)
75000+10,000 = 85000
 
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wat about da answer where we had to calculate OAR or ORR. I did B(random guess)Q. no was 28 or 29
 
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Accounts ans for mcqs, only one incorrect soo far ! :D
1) Return Outwards
2) 114000 D
4) Substance over form D
6) A ( Accruals Concept )
Cash discount 5% and stock previewed system ( D )

20 ) C

Partnership capital 60 000 drawings 30 000 ( C )

undervalued closing stock and overvalued opening inventory both to be added in net profit

subscription accounts can have bad debts and may have trading account ( A)

gross profit increased, return on capital employed decreased

partnership
goodwill x 15000 y 15000 ( C )

Liquidity difficulties to pay to creditors factoring trade debtor ( A )

Cumulative shares dividend carried to next year ( C )

Stepped cost net
profit of 15000 unites = 82500

value of stock issued 380 ( B )
Debentures issued for 300 000 Current Assets increased and net profit decreased in short term


Manufacturing overheads depreciation of assembly line and supervisors salary

breakeven sales 600 000 ( C )

Ans for B.R.S was ( B ) ( un presented add uncredited minus, minus credited charges for standing order

fixed costs remain constant for a range of activity ( A ) ( D was not the ans )

28) D Marginal Costing, Marginal Costing
29) D 6.5
30) D Price for the quotation
these are the corrects ans soo far
The fact that you got so many questions wrong and yet your so confident makes me laugh :p
 
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If I tally mine with waleed these dnt match wid ma ans. I don't kno about ryt or wrong 1,6,28
and partnership. I wrote - - 30000
 
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