Economics, Accounting & Business: Post your doubts here!

[CЯeScɘnt]

ya so contra is in sales and purchases journal ... so it has to be C

i also think so....but what does examiners report says?

 

[Sarah Paul]

Hmmm sorry i didnt see that
Conta entry shud be only in the purchases and sales cntrol ac
Jst see the MS again cz i too have made many stupid mistakes likes this putting the correct answe as wrong

 

[AlphaBeta]

i also think so....but what does examiners report says?

examiners report dsnt say anytng -_- ... no comment on this 1

 

[Sarah Paul]

Jst check again

 

[AlphaBeta]

Jst check again

i did check ... here

Question 4 - D

 

[CЯeScɘnt]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s12_qp_13.pdf
take a look on question 6 n tell me ur answers, shara n alphabeta

 

[Sarah Paul]

i did check ... here
View attachment 41100
Question 4 - D

Hmmm

 

[AlphaBeta]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_13.pdf
take a look on question 6 n tell me ur answers, shara n alphabeta

is the answer B ?

 

[CЯeScɘnt]

is the answer B ?

ryt, tell me how u did that?

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_13.pdf
take a look on question 6 n tell me ur answers, shara n alphabeta

B?

 

[CЯeScɘnt]

B?

ryt.

 

[AlphaBeta]

ryt, tell me how u did that?

Add everytng except for housekeeping expenses and rent of own home

 

[Sarah Paul]

ryt, tell me how u did that?

U have to add all the expenses except for rent of own home and house keeping expenses

 

[CЯeScɘnt]

Add everytng except for housekeeping expenses and rent of own home

U have to add all the expenses except for rent of own home and house keeping expenses

but dont u think rent of builder's yard should also be treated as drawing?

 

[AlphaBeta]

but i dont u think rent of builder's yard should also be treated as drawing?

he is a builder so nope > building business

 

[Sarah Paul]

but dont u think rent of builder's yard should also be treated as drawing?

And rent is also one of the expenditures no
Drawings are only of the owners

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Q10 . ??

 

[CЯeScɘnt]

he is a builder so nope > building business

i still didn't get that point, but ok

 

[CЯeScɘnt]

ill be ryt back.

 

[Sarah Paul]

i still didn't get that point, but ok

Drawings are usually wen the owner takes fr the personal yse bt in this case its the builder so u take it as business expenditure