Principle of Accounts 7110 paper 1 help

[lisahamed]

I would be very grateful if anyone could tell me if loan interest was to be deducted from the net profit in the calculation of profit as a percentage of capital owned in the MCQ question. And was the answer 20%, when capital is 80000, net profit before interest is 18000, interest is 2000 and long term liability is 20000.

 

[SalmanPakRocks]

Yeah it was 20%! U can check it via examiner Report as this one was repeated!

 

[lisahamed]

which year?......btw extremely thanx........no one seemed to knw the answer.......so i am extremely grateful!!!! now i can sleep sound at night....lol

 

[SalmanPakRocks]

which year?......btw extremely thanx........no one seemed to knw the answer.......so i am extremely grateful!!!! now i can sleep sound at night....lol

I don't seem to remember the exact year but i m 100% sure it was 20%! I checked it in Examiner Report just after I arrived after giving examination!

 

[lisahamed]

just after giving the exams all i did was freak out and search all over the internet for the answer with no success........but watever.........abt one thing i'm really sure now........salmanpak really ROCKS

 

[SalmanPakRocks]

Thank u!

 

[scouserlfc]

i knew that quite some months ago !

 

[SalmanPakRocks]

If u ever need any help in Accounts I m always present!

 

[scouserlfc]

do u know what i was talkin abt

 

[Waleed007]

@salman Thanks dude! Insha Allah you'll get good result in Accounts!

 

[SalmanPakRocks]

do u know what i was talkin abt

Yes i do!

@salman Thanks dude! Insha Allah you'll get good result in Accounts!

Thank u!

 

[lisahamed]

If u ever need any help in Accounts I m always present!

Gave the exams already.......but thanx n e way........biting my nails off "RESULTS!!!!!" :Search: