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Recent content by nirajgrg

  1. N

    accounting difficult question P3

    for q 3, the share premium may be used to pay premium on debenture, it is allowed i guess for q 5, debenture with premium = 50000 X 1.04 = 52000, debenture interest (8%) = 4000, total paid = 56000 q 7, total payment = 150 000, cash payment = 20 000, remaining amount = 130 000, value of 1 share...
  2. N

    accounting difficult question P3

    q no 29, ARR uses profit, NPV,IRR and payback use cash flow
  3. N

    accounting difficult question P3

    q no 2, taxation brought forward from 2005 = 100 000 taxation for the year 2006 = 110 000 tax paid 2006 = 96 000 balance sheet figure for tax= 100+110-96 = 114 000
  4. N

    accounting difficult question P3

    purchased goodwill is shown in the balance sheet, i think we have to pay for the goodwill
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    accounting difficult question P3

    for 17, i think the premium on debenture is deducted from share premium account for 25, marketing costs is fixed, direct material and direct labour are variable, production overhead is semi variable, calculate costs for 1200 units
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    accounting difficult question P3

    q no 7 net assets to be taken over = 10+20+15-5 = $ 40 000 value of 1 share = 1+0.25 = $ 1.25 no of shares received = 40 000 / 1.25 = 32 000 ans C
  7. N

    accounting difficult question P3

    for q no 5, no of ordinary shares converted = 40 X (2 000 000 / 100) = 800 000 value of those shares in $ = 800 000 X $ 0.5 = $ 400 000 the remaining value of debenture stock is credited to share premium = $ 2 000 000 - $ 400 000 = $ 1600 000 ans D
  8. N

    ACCOUNTS

    which club question?
  9. N

    ACCOUNTS

    option C ordinary shares 625 rights - share premium 125 reserve 300 something like that
  10. N

    ACCOUNTS

    -31500 is shown as a debit balance in a bank statement, isnt it?
  11. N

    ACCOUNTS

    i think its 31500 debit
  12. N

    ACCOUNTS

    this question is from past papers, answer is going concern
  13. N

    ACCOUNTS

    50000 shares of $ 5 each = $ 250 000 premium on the shares 50000 * $ 15 = $ 750 000 debentures = $ 300 000 (i guess) increase in assets= $ 1 300 000 increase in liabilities = $ 300 000 so, increase in net assets = $ 1 000 000
  14. N

    ACCOUNTS

    current ratio = unchanged, quick ratio = decreased are u asking about the 50000 $5 shares, i think its option (C) 1 000 000
  15. N

    ACCOUNTS

    @ks136 check out oct/nov 2006 q. no. 26, its the same and the ans is D
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