Economics, Accounting & Business: Post your doubts here!

[AlphaBeta]

Q12 - Like i said i cant seem to get the right words to explain this, but here goes..
Notice that in this question there is no opening stock.
So the purchased quantity should be equal to Sale quantity + C/Stock quantity (Agree on tht before you go ahead, else stop and ask)

Following this principle, the cost of purchasing, which is 450000 would be 550000 (Sales + C/Stock) with the profit.
Therefore the markup would be 550000-450000=100000
Use this to find the markup % = 100000/450000*100 = 22.22%
Now that you have the markup, find the cost price of the stock. Which would be = 50000/122.22 * 100 = 40909.83
Now all the hard work is done. Simply use the normal formula to find the GP now. i.e. Sales - COS
Then itll be like: 500000 - (450000-40909.83) = $90909 Hence C

Phew.

jazakallah finally got it ..

 

[AlphaBeta]

oct/nov 2009 paper 1 > is da marking scheme wrong .. i get B ,12000 but marking scheme says C ...and so does the examiners report

 

[David Hussey]

View attachment 40166
oct/nov 2009 paper 1 > is da marking scheme wrong .. i get B ,12000 but marking scheme says C ...and so does the examiners report

ms must be wrong

 

[Sarah Paul]

Realisation account is prepared when we dissolve the partnership or convert it into a limited company. It is a part of A2 accounting and I guess you're giving AS?

No realisation is a major part in AS too
Thank You And by the way i gt it explained frm one of my friends

 

[:: A^]

View attachment 40166
oct/nov 2009 paper 1 > is da marking scheme wrong .. i get B ,12000 but marking scheme says C ...and so does the examiners report

Marking scheme is wrong. The same question is in the 11 variant of the same year (Q18), and in that the marking scheme says B. So yeah!

 

[SalmanPakRocks]

No realisation is a major part in AS too
Thank You And by the way i gt it explained frm one of my friends

That would be revaluation. There isn't dissolution of partnership in AS.

 

[:: A^]

That would be revaluation. There isn't dissolution of partnership in AS.

There is. this question is about the same.

 

[David Hussey]

There is. this question is about the same.

realisation in AS? syllabus changed?

 

[:: A^]

realisation in AS? syllabus changed?

It a 11 Year old paper

 

[David Hussey]

It a 11 Year old paper

i dont remember studying realisation for As :S

 

[Evil Philanthropist]

Accounting, 11 ON 2009 q17 and 18.
I don't understand rights and bonus issues. Can you explain the entries? When they are taken and all.

 

[:: A^]

i dont remember studying realisation for As :S

my point is, syllabus mitve changed Im not 100% sure coz im doing all 4 papers together.
Just check it, might help someone out here!

 

[AlphaBeta]

how to do this ?? how to get D ?

 

[David Hussey]

View attachment 40190
how to do this ?? how to get D ?

idk if my method is correct but i got 80000
this is something to do with earnings per share, cos its about the worth of a share, nothing given about dividends so not dividend yield
earnings per share is 20000/50000=0.4
other companies is 0.25 earnings per share
so this company has a better earnings per share than the others, how much better?
0.25*X=0.4
x=1.6
so 1.6*50000=80000

 

[AlphaBeta]

idk if my method is correct but i got 80000
this is something to do with earnings per share, cos its about the worth of a share, nothing given about dividends so not dividend yield
earnings per share is 20000/50000=0.4
other companies is 0.25 earnings per share
so this company has a better earnings per share than the others, how much better?
0.25*X=0.4
x=1.6
so 1.6*50000=80000

but rate of return means smtng to do with dividend yield right?
and can u explain this again
0.25*X=0.4
x=1.6> this formula is to check if the earnings are better than the other company ? how ??

 

[David Hussey]

but rate of return means smtng to do with dividend yield right?
and can u explain this again
0.25*X=0.4
x=1.6> this formula is to check if the earnings are better than the other company ? how ??

i guess in this context, we will have to think it as earning per share

 

[AlphaBeta]

idk if my method is correct but i got 80000
this is something to do with earnings per share, cos its about the worth of a share, nothing given about dividends so not dividend yield
earnings per share is 20000/50000=0.4
other companies is 0.25 earnings per share
so this company has a better earnings per share than the others, how much better?
0.25*X=0.4
x=1.6
so 1.6*50000=80000

oh yeah finally got ur formula jazakallah

 

[David Hussey]

oh yeah finally go ur formula jazakallah

Waeyaak

 

[AlphaBeta]

how to get C ? i am getting 290 000

 

[David Hussey]

View attachment 40192
how to get C ? i am getting 290 000

350+140-60-30-100

take into account all dividend "paid" not proposed
minus any transfer to reserves