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Recent content by Cryptids

  1. Cryptids

    ACCOUNTS

    Calculation is simple. If you buy a business for $100,000 but its actual worth [Total assets(Current and fixed) ] is $92,000 the the goodwill is calculated as 100000-92000= $8000 ! Don't worry this ain't in the syllabus anymore. I need to revise the entry its been long I've haven't studied...
  2. Cryptids

    hey everyone! WHICH IS MORE INTERESTING ECONOMICS OR ACCOUNTING?

    Go for Econ. You won't be needing any tutor most prolly !
  3. Cryptids

    ACCOUNTS

    Goodwill is actually the name and fame earned by a business. Goodwill is recorded as an intangible fixed asset in the balance sheet. Lets say that a business is worth $80,000 and Mr. X purchased it for $87,000 ! The additional $7000 is payed for the goodwill of the business because Mr.X will not...
  4. Cryptids

    COMMERCE!!!

    Thanks man !
  5. Cryptids

    Your Plans for this Summer! :D

    No Idea -_- But going for an MUN for sure ! (y)
  6. Cryptids

    COMMERCE!!!

    4 for me ! -_- Add. Maths p1 and p2, Accounts p2 and Eco p1 !
  7. Cryptids

    COMMERCE!!!

    Bhai why do you think that trading blocs like ASEAN imports from member countries so much ? It is because there are NO TARIFFS/TAXES !
  8. Cryptids

    COMMERCE!!!

    Oh well, as far as what I read in my book, it stated that exporters hold trade fares in other countries and exhibit their goods so that foreign traders would import from them. Hence this will encourage exports. And yea the turnover was $26000 !
  9. Cryptids

    COMMERCE!!!

    Yea you're right trade fair is to encourage exports ! I don't remember the turnover one ! Can you remind me the question ?
  10. Cryptids

    COMMERCE!!!

    2) Discounts to customers as they earn points 3) Farmer growing orchid 4) Aids to trade 6) Hero Worship 7) Payments made 8) $680 Credit 10) Less use of paper 11) Direct Debit 12) Both are tertiary 13) By reducing taxes 14) Butter 16) Faster on-load and off-loading ! I don't remember some so I...
  11. Cryptids

    COMMERCE!!!

    For leasing I wrote that they can return vehicles anytime to the lessor ! I was about to mark the option that insurance costs are reduced but then I realized that insurance is TOTALLY paid by the owner ! Public organization is owned by shareholders !
  12. Cryptids

    COMMERCE!!!

    I don't remember the questions ! Can you explain them ?
  13. Cryptids

    COMMERCE!!!

    Entry ain't limited ! Retailers, customers and even other wholesalers can shop from a cash and carry warehouse ! I marked Refrigerated because the rest seemed wrong !
  14. Cryptids

    COMMERCE!!!

    Oh that was B Image insurance ! LOL cash and carry warehouse confused me too ! :p I guess I wrote all goods are refrigerated !
  15. Cryptids

    COMMERCE!!!

    I Don't remember the bank area one elaborate it ! For low-cost airlines, it was selling tickets online as they can save rent on premises, electricity etc costs !
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