Economics, Accounting & Business: Post your doubts here!

[CЯeScɘnt]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_12.pdf
Q18

D?

 

[Sarah Paul]

D?

yeah
Can u explain hw u gt that?

 

[rupa]

i have another doubt tooo pls some one help me.....
in accounts,may/june 2008 http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s08_qp_4.pdf
how to find the capital in the 1st question???
and pls help me how to solve this types of questions.....

 

[rupa]

did any1 get the guess paper for accounting p4?
my sir said, business purchase/partnership dissolution, standard costing, cashflow statement
budgets very unlikely because they gave a lot recently
process costing wont come he said, apparently they are removing it from the syllabus from next year
but i checked the 2015 syllabus it is still there, idk y he said that

hey try checking SPECIMEN PAPERS....
u will get an idea....

 

[CЯeScɘnt]

yeah
Can u explain hw u gt that?

its simple,look change in discount allowed is not going to have any effect on cost or sales but new inventory system will reduce cost of production

 

[Sarah Paul]

its simple,look change in discount allowed is not going to have any effect on cost or sales but new inventory system will reduce cost of production

Okay!!! thanks sis

 

[David Hussey]

i have another doubt tooo pls some one help me.....
in accounts,may/june 2008 http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s08_qp_4.pdf
how to find the capital in the 1st question???
and pls help me how to solve this types of questions.....

ur asking about part 1 part a?
well u have to make a capital account
put the bal brought down
put in goodwill u should calculate for each partner the goodwill amount
and the revaluation for the old partners
and then get the balancing figure

i am assuming u know how to calculate the goodwill amounts and revaluation

 

[:: A^]

i have another doubt tooo pls some one help me.....
in accounts,may/june 2008 http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s08_qp_4.pdf
how to find the capital in the 1st question???
and pls help me how to solve this types of questions.....

For opening capital, use the interest figure.
The interest value they hav given is 8%, so all you have to do is find 100%
Take Ahamed for example: 6000/8*100=$75000. which is his opening capital!

 

[:: A^]

ur asking about part 1 part a?
well u have to make a capital account
put the bal brought down
put in goodwill u should calculate for each partner the goodwill amount
and the revaluation for the old partners
and then get the balancing figure

i am assuming u know how to calculate the goodwill amounts and revaluation

and im assuming he asked about the opening balance Jus saying

 

[David Hussey]

and im assuming he asked about the opening balance Jus saying

u mean she

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_1.pdf
Q14 anyone?

 

[:: A^]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w04_qp_1.pdf
Q14 anyone?

Find the cost of the goods sent on sale or return and add it to the value of goods already in the warehouse.

 

[Sarah Paul]

Find the cost of the goods sent on sale or return and add it to the value of goods already in the warehouse.

Hmm thanks

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w06_qp_1.pdf
Q17 help required

 

[:: A^]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w06_qp_1.pdf
Q17 help required

In the absence of a partnership agreement, interest on loans should be 5%
No interest on drawings/capital.
Profit shared equally.
So here:
Profit before interest is 8850
Interest is 1000*5%=50
Therefore profit for appropriation would be 8850-50=8800
Since this is being shared equally, each partners share would be 8800/2 = $4400 = A

 

[Sarah Paul]

In the absence of a partnership agreement, interest on loans should be 5%
No interest on drawings/capital.
Profit shared equally.
So here:
Profit before interest is 8850
Interest is 1000*5%=50
Therefore profit for appropriation would be 8850-50=8800
Since this is being shared equally, each partners share would be 8800/2 = $4400 = A

Thanks Jazakallah
So in case they dnt give the partnership agreement shud we use the agreement which u mentioned above?

 

[:: A^]

Thanks Jazakallah
So in case they dnt give the partnership agreement shud we use the agreement which u mentioned above?

Yep, its there in the theories and text books!

 

[Sarah Paul]

Yep, its there in the theories and text books!

Hmmm okay thanks
I frgt that
Thank u soo much

 

[:: A^]

O/N/2012 - 11
Why is it C ? Doesnt increase in selling prices affect GP?

 

[CЯeScɘnt]

O/N/2012 - 11
Why is it C ? Doesnt increase in selling prices affect GP?

i chose C because i was sure that 2 must be included and 1 cant be. sometimes this trick really works