Economics, Accounting & Business: Post your doubts here!

[Saad Ghori]

If I tally mine with waleed these dnt match wid ma ans. I don't kno about ryt or wrong 1,6,28
and partnership. I wrote - - 30000

Well if it makes you feel better he's wrong about 1,6 and 28. Tho he is right about the partnership question.

 

[redapple20]

thankfu for making me smile. But wat r the right answers?

 

[Esme]

thankfu for making me smile. But wat r the right answers?

does it really matter now ?? ppr is done and gone... cant change that but can prepare better for the next exam.....so why waste time ?

 

[redapple20]

U get more confident.. and fresh knowing tat u haven't messed up big time!

 

[fahadzaidi96]

Accounts ans for mcqs, only one incorrect soo far !
1) Return Outwards
2) 114000 D
4) Substance over form D
6) A ( Accruals Concept )
Cash discount 5% and stock previewed system ( D )

20 ) C

Partnership capital 60 000 drawings 30 000 ( C )

undervalued closing stock and overvalued opening inventory both to be added in net profit

subscription accounts can have bad debts and may have trading account ( A)

gross profit increased, return on capital employed decreased

partnership
goodwill x 15000 y 15000 ( C )

Liquidity difficulties to pay to creditors factoring trade debtor ( A )

Cumulative shares dividend carried to next year ( C )

Stepped cost net
profit of 15000 unites = 82500

value of stock issued 380 ( B )
Debentures issued for 300 000 Current Assets increased and net profit decreased in short term


Manufacturing overheads depreciation of assembly line and supervisors salary

breakeven sales 600 000 ( C )

Ans for B.R.S was ( B ) ( un presented add uncredited minus, minus credited charges for standing order

fixed costs remain constant for a range of activity ( A ) ( D was not the ans )

28) D Marginal Costing, Marginal Costing
29) D 6.5
30) D Price for the quotation
these are the corrects ans soo far

BRO I CAN assure u that you only got 5-6 wrong that is 6(consistency concept),, gp and roce both will increase, stepped cost 85000, 28 absorption and marginal. oh wait the correct ans for 1 was carriage inwards c. outwards which ever had the debit balance, Also bank r statement ans was A 18k something

 

[wajiman]

It asked for the change in value, so it'd be $1500 That is $4000-$2500.

well if that was the question, then i have marked the wrong answer

 

[Anusuya]

If I tally mine with waleed these dnt match wid ma ans. I don't kno about ryt or wrong 1,6,28
and partnership. I wrote - - 30000

The answer for 1 is the carriage outward debit
6 its consistency
28 its absorption and marginal
bt the partnership one is correct. its X 15000 and Y-15000

 

[Anusuya]

What are we supposed to study for business P2?? Not the syllabus...bt can sumone tell me wats important?

 

[fahadzaidi96]

What are we supposed to study for business P2?? Not the syllabus...bt can sumone tell me wats important?

Motivation
Whole Maketing
JOB BATCH COSTING
STOCK CONTROL
Location factor both local and multinational

These are just important topics not the whole paper ... don't blame me if something other than this comes in he paper

 

[mr.ives_94]

Motivation
Whole Maketing
JOB BATCH COSTING
STOCK CONTROL
Location factor both local and multinational

These are just important topics not the whole paper ... don't blame me if something other than this comes in he paper

Forgot about Accounting part ^_^ I'd say its pretty important. As in ratios, cashflows, profit and loss accounts

 

[Saad Ghori]

well if that was the question, then i have marked the wrong answer

Oh Should've read the question with concentration. Well its just a mark so no worries

U get more confident.. and fresh knowing tat u haven't messed up big time!

Tell me about it

 

[helloboy]

Hmm, seriously, does anyone have any idea regarding the topic to focus on for Business Studies P2? And what was the answer for that revaluation question in Accounting P1? (Sorry if this one has already been posted above)

 

[Mohammed Hassan]

Guuuuuys, what is the correct answer of the costing method question?

 

[fahadzaidi96]

Calculation are already expected it was obvious ....
Secondly all the topics mentioned above are for part d and part e which has 18 marks approx

 

[helloboy]

hey is marketing strategy same as marketing mix???

Marketing Mix refers to the the key decisions that need to be taken in order to ensure effective marketing (ie. the 4Ps) whereas marketing strategy is the plan of action that uses the marketing mix to result in effective marketing.
Hope this helps and correct me if I am wrong!

 

[Anusuya]

Hmm, seriously, does anyone have any idea regarding the topic to focus on for Business Studies P2? And what was the answer for that revaluation question in Accounting P1? (Sorry if this one has already been posted above)

For Revaluation its B

 

[Anusuya]

Guuuuuys, what is the correct answer of the costing method question?

Costing as in?? what was the question exactly??

 

[Anusuya]

Forgot about Accounting part ^_^ I'd say its pretty important. As in ratios, cashflows, profit and loss accounts

We don't need to make cash flows right??

 

[wajiman]

Marketing Mix refers to the the key decisions that need to be taken in order to ensure effective marketing (ie. the 4Ps) whereas marketing strategy is the plan of action that uses the marketing mix to result in effective marketing.
Hope this helps and correct me if I am wrong!

marketing strategy also included market research and business objectives

 

[fahadzaidi96]

We don't need to make cash flows right??

NO NO U SHOULD JUST HAVE THE BASIC KNOWLEDGE OF CASH FLOW THOUGH IT IS HIGHLY UNLIKELY TO COME IN P2