Economics, Accounting & Business: Post your doubts here!

[Taiyaba]

Are u talking about the effects when correcting it!!!

Yup

 

[parthrocks]

Yup

Then ya ur answers are correct sorry

 

[Taiyaba]

Then ya ur answers are correct sorry

Actually I want to knw y is ths the answer?

 

[ayeshaddy]

Pound sign or Dollar?
BTW thanks for that

Your choice, whatever pleases you but better it be the sign in the question

 

[ayeshaddy]

Can someone pleaseee answer this question:

Discuss why different income groups have different spending patterns. (6)

 

[AlphaBeta]

Can someone pleaseee answer this question:

Discuss why different income groups have different spending patterns. (6)

refer to o/l susan grant text book it has da answers and this forum was supposed to be a/l

 

[Taiyaba]

I dnt gt ths question
Carriage inwards in a trial balance is $2300. It has been entered in the trading account as $3200. In addition, motor expenses of $600 been posted to the motor vans account
What effect has this had the trading and profit and loss account?
Please someone explain this :/

 

[Taiyaba]

_______________________F.A a/c(NBV) 2003_________
b/f 145000................................................................. Dep 25000
Bank 60000................................................................ Disposal (bal)3000
......................................................................................c/f 177000

NBV=3000
loss=1000
Bank=3-1=2000

The thing is I just copied ur answer at that tym nd nw I dnt undrstand how u did it
Can u plz explain

 

[ks136]

The thing is I just copied ur answer at that tym nd nw I dnt undrstand how u did it
Can u plz explain

To calculate the cash consideration...u need to find the book value of the asset sold...so i have made Fixed asset account on Net book value...we have opening and closing cost +accumulated dep so u can find NBV..put the depreciation and bank figure in the account...the balalncing figure will be the NBV of asset sold

 

[urvesh]

Can anyone explain: http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_s10_qp_31.pdf

Question 12?

Thanks!

 

[urvesh]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_s10_qp_31.pdf QUESTION 16 as well please!

Thanks!

 

[Taiyaba]

To calculate the cash consideration...u need to find the book value of the asset sold...so i have made Fixed asset account on Net book value...we have opening and closing cost +accumulated dep so u can find NBV..put the depreciation and bank figure in the account...the balalncing figure will be the NBV of asset sold

Thnk u sooooooooooo mch

 

[Kandinsky]

Hi,
Is anyone here good at macroeconomy? I do not understand GDP, Aggregate demand-supply and aggregate expenditure at all (including all this stuff about income, consumption etc). Could anyone give a link or notes where everything is written clearly and understandably?
Thanks in advance

 

[parthrocks]

Why is the thread so dead????Whats wrong people lets post and share knowledge!!

 

[Taiyaba]

I dnt gt ths question
Carriage inwards in a trial balance is $2300. It has been entered in the trading account as $3200. In addition, motor expenses of $600 been posted to the motor vans account
What effect has this had the trading and profit and loss account?
Please someone explain this :/

Anyone ???

 

[parthrocks]

my doubt!!in eco plzz can someone solve please fast

 

[urvesh]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_s10_qp_42.pdf

2b calculating inventory! how is this done?!

 

[ICCWC2015]

What does Comparative Advantage mean?

I know about Absolute Advantage - when 1 country is better at producing a particular commodity compared to another.

 

[Taiyaba]

Can anyone hip me with ds question

The following balances have been extracted from Joel's books at 31 December 2003. Machinery at cost $18000; Provision for Depreciation of Machinery $9600.

May 7 Sold machine No.1 for $1500. This machine cost $6000 when purchased in 2000.
June 3 Purchased Machine No.3 which was priced at $10000. Joel paid $7000 and gave machine No.2 in part exchange. Machine No.2 cost $12000 when purchased in 1998.

Joel depreciates his machinery using the straight-line method and the rate of 10% per annum. He provides for a full year's depreciation in the year of purchase, but none in the year of disposal.

Prepare the following accounts to show the transactions on 7 May and 3 June:
(a) Machinery at cost
(b) Provision for Depreciation of Machinery
(c) Machinery Disposal.

I did part (a) but can't to do the rest so plz help me
it's a bit long one though

 

[ktc]

What does Comparative Advantage mean?

I know about Absolute Advantage - when 1 country is better at producing a particular commodity compared to another.

Comparative advantage involves opportunity cost (the benefit of choice given up by choosing the next best alternative, due to limited resources).

The country that has the lower marginal cost (cost of producing extra units) as well as the lower opportunity cost, when producing a good/service, has comparative advantage over its competitor.