Accounts P12 discussions

[Haleema Khawar]

Hey, how was preference dividend calculated? And how was cash book?

 

[Aamna Hamid]

Hey, how was preference dividend calculated? And how was cash book?

How was your exam ?

 

[Haleema Khawar]

Mine was goood
How did you calculate the dividend?

 

[HelloIGCSEStudents]

Mine was goood
How did you calculate the dividend?

You had to multiply 6000 by $1.50=9,000
and then find 3% of that =$270

 

[HelloIGCSEStudents]

oh btw, how much did you get as net profit in the income statement?

 

[fishcook]

did you put buying a hard disk as a revenue or capital expenditure?

 

[HelloIGCSEStudents]

did you put buying a hard disk as a revenue or capital expenditure?

revenue. because it said replacing the hard disk

 

[theiceman]

any 1 who gave paper 11 2day ??
N BTW how was Paper 12 ?

 

[fishcook]

i wrote capital /:
but isnt a capital expenditure also something you buy to improve the efficiency of a existing asset or improve efficiency of business?

 

[Mariam Ash]

You had to multiply 6000 by $1.50=9,000
and then find 3% of that =$270

R u sure bout this ans...cuz i just multiplied 6000 by 1.50.

 

[IGCSE O/L student]

any 1 who gave paper 11 2day ??
N BTW how was Paper 12 ?

i just did!

 

[ken99]

You had to multiply 6000 by $1.50=9,000
and then find 3% of that =$270

ur almost write but answer is $135 because the question said that the dividends were paid in 2 summesters remember? they asked how much paid for the first term, meaning half of 270 which is 135

 

[IGCSE O/L student]

ur almost write but answer is $135 because the question said that the dividends were paid in 2 summesters remember? they asked how much paid for the first term, meaning half of 270 which is 135

we had a question similar to that, but instead of dividend, it was interest on debentures

 

[fishcook]

WHAT ABOUT THE CAPITAL AND REVENUE QUESTION--- ABOUT THE HARD DISC!!

 

[IGCSE O/L student]

WHAT ABOUT THE CAPITAL AND REVENUE QUESTION--- ABOUT THE HARD DISC!!

i did variant 1

 

[ken99]

WHAT ABOUT THE CAPITAL AND REVENUE QUESTION--- ABOUT THE HARD DISC!!

i rote capital as it is adding value to the computer and its not an expense that is done on a day to day basis, but i did not charge depreciation on that but only on the computer and the printer which are all capital as u dont buy them everyday and u expect it to last for a long time

 

[fishcook]

i rote capital as it is adding value to the computer and its not an expense that is done on a day to day basis, but i did not charge depreciation on that but only on the computer and the printer which are all capital as u dont buy them everyday and u expect it to last for a long time

but if you say its a fixed asset and you arent charging dep then arent you fixed assets overstated, and + doesnt the cost of it just add on the computer so indirectly you would normally charge dep?

 

[ken99]

but if you say its a fixed asset and you arent charging dep then arent you fixed assets overstated, and + doesnt the cost of it just add on the computer so indirectly you would normally charge dep?

i did charge dep on the computer, but damn ya i guess ur rite i should have added the cost of the hard disk to the computer and then charged depreciation

 

[HelloIGCSEStudents]

ur almost write but answer is $135 because the question said that the dividends were paid in 2 summesters remember? they asked how much paid for the first term, meaning half of 270 which is 135

oh yeah, i forgot about that part.. thanks (Y)

 

[HelloIGCSEStudents]

R u sure bout this ans...cuz i just multiplied 6000 by 1.50.

yeh im sure, but you also had to divide 270 by 2.. because it said two installments.. forgot about that