Accounting doubts & Queries

[Crimson-Saint]

It is asking for share of total profits not residual profits.
Share of total profits = ?

Residual profit = 75000 - (60000 * 0.1) - (90000 * 0.1) = 60000

X: (60000 / 2) + ( 60000 * 0.1) = 36000
Y : (60000 / 2) + (90000 * 0.1) = 39000

so ans. is B.

why did u divide by 2 and add it with 6000? what formula is there to calculate total profit?

 

[Crimson-Saint]

i did not get this one either... :/

 

[Crimson-Saint]

can someone temme the steps on how to answer these accruals/prepayments type MCQs?

 

[Crimson-Saint]

anyone online? :/

 

[:: A^]

View attachment 41291

can someone temme the steps on how to answer these accruals/prepayments type MCQs?

is the answer D? Post year or the mark schem answer also next time

 

[Crimson-Saint]

oh sorry....haha...its B in the answer sheet

 

[:: A^]

Every installment they pay $1500
Year end is untill october.
They paid from April To october which is 7 months.
Per month charge is 500, therfore 7*500 = 3500
Year end is oct but they paid until Jan 1st
so prepaid is 2 months
since its and income its a liability
Hence: B

 

[Crimson-Saint]

ahh good ok got it

 

[Crimson-Saint]

doubt here...
:: A^

 

[:: A^]

View attachment 41357

doubt here...
:: A^

2500/10*100 = 25000 This is the par value of the shares which are issued.
Since its $1, this is equal to the number of shares issued.
They want to raise $120000
Therefore to find the market price of 1 share you go like 120000/25000 = 4.8 = D

 

[Hasa321]

Can any1 explain hw to do the question 2 part a? and also in part d for premises da how the 100000 came as the revaluation
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s06_qp_4.pdf

 

[hitler575]

How was the paper 1? Difficulty level?

 

[Sarah Paul]

How was the paper 1? Difficulty level?

It wasnt really difficult

 

[Crimson-Saint]

varience 12 was meh..as in not too hard and not easy

 

[Hasa321]

Can any1 help me hw to calculate all these variances?? question 3 part a
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w08_qp_4.pdf

 

[hitler575]

Important topics for AS-level paper 2: 1)limiting Factor, 2)Control A/c Reconciliation, 3) Marginal Decision making, 4)Non current Asset schedule, 5)Partnership changes, 6)Cash budgets, 7)Incomplete Records.

Note: Please study all the topics of the syllabus but make sure that you know the topics listed very well.

 

[Crimson-Saint]

Important topics for AS-level paper 2: 1)limiting Factor, 2)Control A/c Reconciliation, 3) Marginal Decision making, 4)Non current Asset schedule, 5)Partnership changes, 6)Cash budgets, 7)Incomplete Records.

Note: Please study all the topics of the syllabus but make sure that you know the topics listed very well.

what about cash flow statement....its there and new for our syllabus....perhaps it may have a high chance of coming?

 

[colour23]

which teacher told these topics?

 

[cool Asviva]

View attachment 41286

i did not get this one either... :/

hey is answer c?
reply as soon as possible

 

[hitler575]

which teacher told these topics?

It's my own compilation.