Economics, Accounting & Business: Post your doubts here!

[Fahadcm5596]

Hi. I'm having troubles with Accounting.
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_33.pdf
Question 2 (c) (iii)
I don't know how to calculate the purchases figure.

i think u attached the wrong paper...

 

[Anusuya]

Ques 8 and 12 please,

Why is the suspense acc not created for (B) in q 8 and why is the ans C??
How is profit calculated for 12??

 

[MaffinShinigami]

i think u attached the wrong paper...

I'm so sorry! That was really careless of me. :/

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w11_qp_43.pdf

 

[mmmmmm]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s13_qp_43.pdf, i am getting problem in calculating CRR. Help me....

 

[mmmmmm]

thanku for helping me, but I couldnt get the 7th question as why we r not adding goodwill in net assets.

7.
Ess gets net assets of Tee = 80000
Ess pays Tee = (100000)
Ess gets goodwill on aquisition = (100-80)=20000
Net assets movement = 0 so the ans is 250000 ie, same as before.

8.
Net assests taken over @ fairvalue = 400 + 120 - 200 = 320
Purchase consideration = 1500
Goodwill = 1500 - 320 =1180 so and. is D.

10.
according to IAS10, proposed dividends are no longer taken into account and only given as notes to accounts
so 40+30-15-10 = 45000.

11.
Book value of ordinary share = (Reserves + OSC balance) / Total no. of Osc. shares
(420000 + x) / 15000 = 50
x = (50 * 15000) - 420000
x = 330 000

Nominal value = OSC balance / No. of OSC.
=330000/15000 = $22.

19.
Bcoz equivalent units increase from 50000 to 60000 cost/unit increases and WIP total will icrease as its evident from incrase in no. of units in WIP.

 

[David Hussey]

I'm so sorry! That was really careless of me. :/

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_43.pdf

for 2011
cost of sales,981 is given
so 981=227+X-441 where x is purchases, all purchases are on credit
so purchases=1195
payables is 347
347/1195 * 365 =106 days , which is not the answer wth? :/

 

[zara97]

what is the impact of increasing unemployment figures on liquidity prefernce??? plz explain with reference to the effect on credit card usage?

 

[Emadthegreat]

anyone 3,12,19 and 25?

 

[Emadthegreat]

what is the impact of increasing unemployment figures on liquidity prefernce??? plz explain with reference to the effect on credit card usage?

from which paper this ques is from?

 

[CЯeScɘnt]

anyone 3,12,19 and 25?

Q3; let the original Dr be x
10% of (x+ bad debt) =7800
make x subject n u will get the answer.
Q12: completing the journal entry,that is, if purchases are debit in suspense then purchase account will be credited by 300, so this implies that purchases will be overstated.
n same with the other.
Q 19: make disposal account
cost will b 12000
depreciation will be (cost less residual value) into rate for one year then multiply it with 3 to get total depreciation for 3 years
NBV will b cost less total depreciation
n then finally deducting your answer from cash received will give u profit or loss for it.
Q25: you just need to know the formula of return to capital employed: profit before interest divided by capital employed
capital employed will consist of share capital + reserves + long term liability.

 

[Emadthegreat]

Q3; let the original Dr be x
10% of (x+ bad debt) =7800
make x subject n u will get the answer.
Q12: completing the journal entry,that is, if purchases are debit in suspense then purchase account will be credited by 300, so this implies that purchases will be overstated.
n same with the other.
Q 19: make disposal account
cost will b 12000
depreciation will be (cost less residual value) into rate for one year then multiply it with 3 to get total depreciation for 3 years
NBV will b cost less total depreciation
n then finally deducting your answer from cash received will give u profit or loss for it.
Q25: you just need to know the formula of return to capital employed: profit before interest divided by capital employed
capital employed will consist of share capital + reserves + long term liability.

what about 24? thanks btw i got it all

 

[Emadthegreat]

A balance sheet shows the following information.
100 000 ordinary shares of $0.50 each
50 000 5 % preference shares of $0.10 each
share premium 10 000
revaluation reserve 20 000
retained earnings 35 000
120 000
What is the balance sheet value of one ordinary share?
A $0.50 B $1.00 C $1.15 D $1.20
CЯeScɘnt

 

[rupa]

pls some help me
how to calculate terms of trade
pls reply fast....

 

[AlphaBeta]

pls some help me
how to calculate terms of trade
pls reply fast....

index of export price/index of import price * 100

 

[AlphaBeta]

oct/nov 2008 paper 1 q 30
this questionn also came in may/june 2003 paper 3 question 19
how to do this ? how to get D ? i hav a method but not 100 % sure

 

[CЯeScɘnt]

A balance sheet shows the following information.
100 000 ordinary shares of $0.50 each
50 000 5 % preference shares of $0.10 each
share premium 10 000
revaluation reserve 20 000
retained earnings 35 000
120 000
What is the balance sheet value of one ordinary share?
A $0.50 B $1.00 C $1.15 D $1.20
CЯeScɘnt

D 1.2 ryt?

 

[David Hussey]

View attachment 40918
oct/nov 2008 paper 1 q 30
this questionn also came in may/june 2003 paper 3 question 19
how to do this ? how to get D ? i hav a method but not 100 % sure

i think its like this
SP=VC+contribution
600000+400000=1000000

 

[David Hussey]

View attachment 40918
oct/nov 2008 paper 1 q 30
this questionn also came in may/june 2003 paper 3 question 19
how to do this ? how to get D ? i hav a method but not 100 % sure

did u try this doubt?
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_43.pdf
maffin shinigamni posted this doubt (top of page)

 

[David Hussey]

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

 

[AlphaBeta]

did u try this doubt?
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_43.pdf
maffin shinigamni posted this doubt (top of page)

i tink we hav to use the COS figure they gave and the opening nd closing inventories