I opened X acc and put the debit credit as you said and does the 285000 need to minus with the balancing figure?what u did?
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I opened X acc and put the debit credit as you said and does the 285000 need to minus with the balancing figure?what u did?
As for the opening use ur ai) production. 10200x0.5 =5100 kilos x0.5=2550 kilos.Its accounts
I have doubt in q3 (a) (ii) i m having doubt in calculating the value of closing and opening inventory
Plzz help......
Oops! i missed one entry.I opened X acc and put the debit credit as you said and does the 285000 need to minus with the balancing figure?
Thanks!Oops! i missed one entry.
credit 25000- half of the difference between purchase price and value of assets
Thanx alotInventory at 30th April 2012 = $81 250
Inventory at 1st May 2011 = $ 65000
Rate of inventory turn over = x /average stock
x / 73175 = 10
Cost of sales = $731250
Revenue = $731250 is 65% of revenue,
Therefore
100% : x
65% : 731250
x = 1125000
i did't get what ur doubt is....???http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_22.pdf
I dnt get the way hw they get the normal sales, Pls help
Q1
http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_s11_ms_22.pdf
@::A^ AlphaBeta @CЯeScɘnt and all others
i did't get what ur doubt is....???
let me do the whole question, then ill tell u.Hmm hw do they get normal sales and why do they multiply by two third?
an u plz xplain me y v ned 2 multiply 5100 with 0.5As for the opening use ur ai) production. 10200x0.5 =5100 kilos x0.5=2550 kilos.
Closing is the same =11000 x0.5x0.5 =2750kilos
let me do the whole question, then ill tell u.
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