IGCSE Accounting 0452

[mak kings]

Yup!! once in income statement and once in balance sheet!!

hey y in BS ..like ony the prov. for doubtful debts is there!!

 

[MnMz]

hey y in BS ..like ony the prov. for doubtful debts is there!!

Because it affects the debtors
and because the difference between the new and old provision is added to either income (if the new provision decreased) or to expense (if the new provision increased)

 

[Anna-Noemie]

="itsme2012, post: 455644, member: 36828"]Hey ... is anyone giving accounting 0452 in june 2013??? If yes, how's the preparations gng on? What is ur method of studying? plz do share[/quote]


I'm writting acc. Paper 1 and 2 next week and I am bery anxious about it . I actually wanna make an A* . How about you ? What are your weaknesses in Acc. ?

 

[silentassassin1996]

Here are the theory notes.
if there is anything missing tell me

the formats and everything are coming up by tom.

P.S. sorry for the delay; I had an exam

thnx! very helpful...

 

[Gehad Mohamed]

HELLO ! can someone explain for me how to do the following : 1)Dio owns 5000 shares of $2 each in Diomedes Limited. The company declares a dividend of$0.25 per share. State how much Dio will receive as a dividend



2)Hooper Limited has an issued share capital of $5000 divided into shares of$0.50 each. The company declares a dividend of $0.15 per share. What will be the total amount of the dividend paid to the shareholders?




3) A business keeps a petty cash book with an imprest amount of $300. During September the following transactions take place: -imprest restored on 1 September 100 -petty cash drawn from bank on 15 September 150 -expenses paid from petty cash 400 What amount will be required to restore the imprest on 30 September? A$50 B $250 C$400 D $550 why answer is A not B

 

[Timi Adeg]

How do we know when to less debenture interest from net profit, In the appropriation account?

 

[mak kings]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s07_qp_2.pdf Q3 rent account. plz cud sm1 help in this 1... i cnt seem to understand it at all!

 

[Abdul Basit Arif]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s07_qp_2.pdf Q3 rent account. plz cud sm1 help in this 1... i cnt seem to understand it at all!

U see first of all a rent of $900 is paid on 1 april so this will be written on the debit side of the account. Then in the additional info they have said Rent of$900 is payable quarterly in advance which means $900 rent is for 3 months and we have make an account just for month so 900/3 is$300 so $600 rent is prepaid the balance c/d will be 600 on the credit side and we will transfer$300 to the P and L account.

 

[Jotham]

HELLO ! can someone explain for me how to do the following : 1)Dio owns 5000 shares of $2 each in Diomedes Limited. The company declares a dividend of$0.25 per share. State how much Dio will receive as a dividend



2)Hooper Limited has an issued share capital of $5000 divided into shares of$0.50 each. The company declares a dividend of $0.15 per share. What will be the total amount of the dividend paid to the shareholders?




3) A business keeps a petty cash book with an imprest amount of $300. During September the following transactions take place: -imprest restored on 1 September 100 -petty cash drawn from bank on 15 September 150 -expenses paid from petty cash 400 What amount will be required to restore the imprest on 30 September? A$50 B $250 C$400 D $550 why answer is A not B

1) Since Dio has 5000 shares, dividend received would be 5000*0.50= $2500
2) Here the number of issued shares must be firstly found, so 5000/0.5=10000 shares. Then 10000*0.15= $1500 in dividends.
3) This i am not sure about.

 

[Gehad Mohamed]

1) Since Dio has 5000 shares, dividend received would be 5000*0.50= $2500
2) Here the number of issued shares must be firstly found, so 5000/0.5=10000 shares. Then 10000*0.15= $1500 in dividends.
3) This i am not sure about.

Thanks alot
About 3 ms is actually incorrect it must be B

 

[Jotham]

How do we know when to less debenture interest from net profit, In the appropriation account?

I believe that debenture interest should be under expenses in the profit or loss account and not in the appropriation account.

 

[Jotham]

Thanks alot
About 3 ms is actually incorrect it must be B

No problem, I got B too and i have no idea why it should be A. It has to be wrong.

 

[Timi Adeg]

I believe that debenture interest should be under expenses in the profit or loss account and not in the appropriation account.

Yeah I think so too

 

[uzair shahid]

Thanks alot
About 3 ms is actually incorrect it must be B

the answer is 50
it would be 300 + 150 - 400 =50

 

[Abdul Basit Arif]

the answer is 50
it would be 300 + 150 - 400 =50

Read the question carefully at the end they are not asking what amount is left instead they are asking what amount needs to be restored.
Imprest Amount $300
$300+$150＝$450-$400＝50
＝300-50＝250

 

[xpfaddict]

guys need some little help
as you all have done a lot of past papers
can you tell me
what topics have come in p1
and what topics have come in p2 ?
please help me friends.

 

[mak kings]

U see first of all a rent of $900 is paid on 1 april so this will be written on the debit side of the account. Then in the additional info they have said Rent of$900 is payable quarterly in advance which means $900 rent is for 3 months and we have make an account just for month so 900/3 is$300 so $600 rent is prepaid the balance c/d will be 600 on the credit side and we will transfer$300 to the P and L account.

OH THANKS ALOT so quarter of a year is 3 months ,and 900 has been paid for 3 months ..... and as v r making the account for 1 month so v just need 1 month's value....rite?

 

[Abdul Basit Arif]

OH THANKS ALOT so quarter of a year is 3 months ,and 900 has been paid for 3 months ..... and as v r making the account for 1 month so v just need 1 month's value....rite?

Yup

 

[Abdul Basit Arif]

HELLO ! can someone explain for me how to do the following : 1)Dio owns 5000 shares of $2 each in Diomedes Limited. The company declares a dividend of$0.25 per share. State how much Dio will receive as a dividend



2)Hooper Limited has an issued share capital of $5000 divided into shares of$0.50 each. The company declares a dividend of $0.15 per share. What will be the total amount of the dividend paid to the shareholders?




3) A business keeps a petty cash book with an imprest amount of $300. During September the following transactions take place: -imprest restored on 1 September 100 -petty cash drawn from bank on 15 September 150 -expenses paid from petty cash 400 What amount will be required to restore the imprest on 30 September? A$50 B $250 C$400 D $550 why answer is A not B

The question 3 is from which year and is it from may june or oct nov

 

[Evil Philanthropist]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_qp_11.pdf
Q2) (h)- Why and how is it 80 000?
Can somebody explain me this in details? I don't get this at all. :/