Accounting Paper 3 (9708/32) Discussion and shizz.

[Hammad Suhail]

Okay! but wat i remembr is i didnt chnge the equity amount as it was a bonus issue

The bonus issue itself doesn't change sharehoders fund but the cost of the bonus is taken from the Retained Earnings to it decreases the shareholders fund. (By 20 thousand in this question).

 

[fahadzaidi96]

4 which question was the answer limiting factor?
Nd regrding the annual budget question u had to choose which budget is prepared first

No dude the question was something else . I want exact wordings of the question regarding annual budget otherwise even I would have opted for sales budget however I did for limiting factor

 

[shahz_h]

The bonus issue itself doesn't change sharehoders fund but the cost of the bonus is taken from the Retained Earnings to it decreases the shareholders fund. (By 20 thousand in this question).

R u sure about dis answr?

 

[shahz_h]

No dude the question was something else . I want exact wordings of the question regarding annual budget otherwise even I would have opted for sales budget however I did for limiting factor

I guess u r confusing it wid some other question
bcoz this was a very straight frwrd 1 nd i guess it was a repeatd question as well

 

[fahadzaidi96]

I do not think so ... I am pretty sure it was the same question you are talking about as limiting factor is the first priority

 

[shahz_h]

I do not think so ... I am pretty sure it was the same question you are talking about as limiting factor is the first priority

I have confirmed it with many of my friends, nd even they did sales budget
Btw which variant did u give?

 

[fahadzaidi96]

I have confirmed it with many of my friends, nd even they did sales budget
Btw which variant did u give?

Even I have discussed with my friends variant 2 .. Yours. ?

 

[Hammad Suhail]

R u sure about dis answr?

Yes i'm sure. And this type of mcq came previously aswell. It was in 2011 or 2012's papers. Not sure which one.

 

[Hammad Suhail]

Even I have discussed with my friends variant 2 .. Yours. ?

If you're asking about the one in which it asked which is the first step in preparing annual budget then it's answer was Sales Budget. I got it wrong myself but that's the correct answer. It's even in Randall's book

 

[shahz_h]

Even I have discussed with my friends variant 2 .. Yours. ?

Even i did Variant 2

 

[shahz_h]

Yes i'm sure. And this type of mcq came previously aswell. It was in 2011 or 2012's papers. Not sure which one.

Okay

 

[Prof. MHA]

If you're asking about the one in which it asked which is the first step in preparing annual budget then it's answer was Sales Budget. I got it wrong myself but that's the correct answer. It's even in Randall's book

The answer to this question was limiting factor and not sales budget. How are u supposed to draw up a sales budget, predicting future sales, when u dont know if any factor is in shortage! Normally we make sales budget first but when there's a shortage of a factor we have to recognize it first to act accordingly.

 

[fahadzaidi96]

The answer to this question was limiting factor and not sales budget. How are u supposed to draw up a sales budget, predicting future sales, when u dont know if any factor is in shortage! Normally we make sales budget first but when there's a shortage of a factor we have to recognize it first to act accordingly.

I second that . Even in previous papers the answer has been limiting factor regarding budget question however it must be noted that the option in those mcqs did not have sales budget

 

[foreverusman19]

The question was what is the starting point when preparing final budgets ? as far as i remember it was lyke ths

 

[foreverusman19]

The answer to this question was limiting factor and not sales budget. How are u supposed to draw up a sales budget, predicting future sales, when u dont know if any factor is in shortage! Normally we make sales budget first but when there's a shortage of a factor we have to recognize it first to act accordingly.

yes u r right there were question in previous in which we were asked to find out the limting factor for material, sale, overheads

 

[WayneRooney10]

The answer to this question was limiting factor and not sales budget. How are u supposed to draw up a sales budget, predicting future sales, when u dont know if any factor is in shortage! Normally we make sales budget first but when there's a shortage of a factor we have to recognize it first to act accordingly.

Wrong. Factors are used for production. Any shortage in any factor will not, in any way, affect the sales budget. It'll only affect the production or purchases budget. The answer was sales budget.

 

[esthermarie cheyo]

you guys kill me..........that was the hardest paper i have ever sat for in accounting, variant 42, i dont know wat paper u guys did but i am envious, wen we left the exam hall it was lyk no one talked about it coz they all knew how shit it was

 

[esthermarie cheyo]

yes u r right there were question in previous in which we were asked to find out the limting factor for material, sale, overheads

now see questions like those i would hav loved, but sadly did not see it

 

[esthermarie cheyo]

woops sorry i meant 32..........ma bad

 

[starlight123]

Wrong. Factors are used for production. Any shortage in any factor will not, in any way, affect the sales budget. It'll only affect the production or purchases budget. The answer was sales budget.

no thts not true because sales itself can be a limiting factor at some point where demand is less the ans is limiting factor