Economics, Accounting & Business: Post your doubts here!

[AlphaBeta]

350+140-60-30-100

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

why do we minus 60 ?? its not for this year right ?

 

[David Hussey]

why do we minus 60 ?? its not for this year right ?

doesnt matter, u minus whatever is paid

 

[AlphaBeta]

doesnt matter, u minus whatever is paid

but this is p/l a/c not cash book should we treat only proposed dividend like this ? and i have seen marking schemes with proposed dividend only for relevant years .. matching concept -_- i dunno

 

[David Hussey]

but this is p/l a/c not cash book should we treat only proposed dividend like this ? and i have seen marking schemes with proposed dividend only for relevant years .. matching concept -_- i dunno

i dont know man this is how i learnt it, minus anything that is paid not proposed

 

[AlphaBeta]

i dont know man this is how i learnt it, minus anything that is paid not proposed

haha then even prepaid/accrued expenses expenses also ...

 

[David Hussey]

haha then even prepaid/accrued expenses expenses also ...

no no i mean any dividend that is paid

 

[:: A^]

but this is p/l a/c not cash book should we treat only proposed dividend like this ? and i have seen marking schemes with proposed dividend only for relevant years .. matching concept -_- i dunno

this is about proposed dividends which isnt in our syllabus anymore.. stop stressing on it

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

whats the year?

 

[:: A^]

Guys next time you guys post a screenshot please please put the year also. Showing xtremepapers in your phone and asking your teacher for help is not a good idea

 

[panoramafolks]

350+140-60-30-100

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

According to IAS 10, Events after the statement of financial position date, proposed dividends are non-adjusting events as they have been proposed after the drawing up of financial statements and have no part in the accounts.
This way:

• neither it will appear in Statement of changes in equity
• nor in the Bank a/c
• nor will it be in the Current liabilities section.

The ans, should therefore be 350 + 140 - 60 - 30 - 100 = $300 and the ans. is C.

 

[panoramafolks]

haha then even prepaid/accrued expenses expenses also ...

According to IAS 10, Events after the statement of financial position date, proposed dividends are non-adjusting events as they have been proposed after the drawing up of financial statements and have no part in the accounts.
This way:

• neither it will appear in Statement of changes in equity
• nor in the Bank a/c
• nor will it be in the Current liabilities section.

The ans, should therefore be 350 + 140 - 60 - 30 - 100 = $300 and the ans. is C.

 

[panoramafolks]

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

20000 -- -- 25%
worth -- -- 100%

cross multiply u get 20000 / 0.25 = $80000 ( jUst like David Hussey idk if i m right)

 

[Sarah Paul]

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

Dissolutiom is there too
But there are nt much questions on dissolution

 

[Sarah Paul]

Why dsnt the Share Holders funds get affected by bonus issues?

 

[Sarah Paul]

And help me wid these MCQs please :
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s05_qp_1.pdf
Q4 Q10 Q15 Q28 and Q30

 

[AlphaBeta]

Guys next time you guys post a screenshot please please put the year also. Showing xtremepapers in your phone and asking your teacher for help is not a good idea

i forgot to put for that but i did put for oda questions the year

 

[David Hussey]

Why dsnt the Share Holders funds get affected by bonus issues?

because no cash transactions are taking place
ur just transferring from the reserves to the ordinary share capital

 

[Sarah Paul]

because no cash transactions are taking place
ur just transferring from the reserves to the ordinary share capital

thanks

 

[SalmanPakRocks]

Proposed dividends are no longer treated. If a dividend is proposed, it means that directors have recommended the dividend but they cannot pay that unless the ordinary share holders approve of it. The approval is given after final accounts are published for the year end and that is usually done till couple of months of next year. For example, the published accounts for 31st Dec 2013 (year end) would be available to the share holders till March 2014, when they'd approve of the dividend, only then it would be paid. According to IAS 10.

 

[Sarah Paul]

The old papers are harder than new papers ryt?

 

[unique111]

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest
-Adam Smith, 1723-1790

~Just wanted to share this