Accountings helppppppppp

[Kushal lodha 5336]

Nov 2009 P12 No.17, Only rights issue will increase the bank balance, therefore 12000 x $1 = $12000
Nov 2012 P12 No.19, A, shares are cummulative, for B and C totally out if the company made no profit.

The answer is $12000 but ua method is wrong...It's 12000+3000= 15000
Therefore, 15000/2 = 7500 and hence 7500 * $1.6 = $12000
however, in the MS the answer is C...
And the Nov 2012 P12 no. 19, the shares are non-cumulative so the option A is not possible as the profit is not carried forward...

 

[Kushal lodha 5336]

May 2010 P12 No. 13, unrealized profit for opening stock 20/100 x 4000= 8000
Unrealized profit for closing 20/120 x 54000 = 9000
your factory profit is 48000
open up a provision for unrealized profit a/c, fill in those figures - opening & closing. balancing figure would be your figure going to P&L.
Hence, 48000 - (balancing figure) = your answer.

But the opening stock should also be valued at : 20/120 * 40000 naaa? why 20/100 * 40000?

 

[lxelle]

The answer is $12000 but ua method is wrong...It's 12000+3000= 15000
Therefore, 15000/2 = 7500 and hence 7500 * $1.6 = $12000
however, in the MS the answer is C...
And the Nov 2012 P12 no. 19, the shares are non-cumulative so the option A is not possible as the profit is not carried forward...

Nov 2012 p12 no19 answer is definitely D. Check the ER.

 

[Kushal lodha 5336]

Nov 2012 p12 no19 answer is definitely D. Check the ER.

But u said it should be A.
And the 12000 one... U said naa the answer is $12000, in the MS its C ($12800), so is the MS wrong?

 

[lxelle]

But u said it should be A.
And the 12000 one... U said naa the answer is $12000, in the MS its C ($12800), so is the MS wrong?

Wait wait, I'm so confused.

 

[Kushal lodha 5336]

May 2012 P13 No7, question asking for bank statement, so nothing got to do with cash book.
10136+4998-5896= 9238

And what about the bank charges? They are included in cash book on the credit side naa..? :/
Why u didnt add/less them?

 

[Kushal lodha 5336]

Nov 2012 P13 No, 21, ROCE based on AVERAGE CAP.
Average cap = 90+100/2 = 95, capital employed = 95 +20 = 115
profit/capital employed = answer.

Thanks a ton...!

 

[Kushal lodha 5336]

June 2013 P11 nO. 5
Provision at the end is 5% x (69200-480) = 3436
provision at beginning is 2600
debit income statement if there's increase in provision. therefore, B.

But a separate bad debts account is made naa? So we wont subtract the bad debts from the sales ledger balance?
So why did u subtract the bad debts?

 

[lxelle]

But u said it should be A.
And the 12000 one... U said naa the answer is $12000, in the MS its C ($12800), so is the MS wrong?

Erm hello I didnt say Nov 12 p12 no19 is A. I was explaining that A is referring to shares a re cummulative. The answer is D.

 

[lxelle]

But a separate bad debts account is made naa? So we wont subtract the bad debts from the sales ledger balance?
So why did u subtract the bad debts?

CAZ Bad debts what. HAHAH. read the ques properly. see what they want.

 

[Kushal lodha 5336]

Erm hello I didnt say Nov 12 p12 no19 is A. I was explaining that A is referring to shares a re cummulative. The answer is D.

Erm hello I didnt say Nov 12 p12 no19 is A. I was explaining that A is referring to shares a re cummulative. The answer is D.

Okay.. thank you..

 

[Kushal lodha 5336]

Wait wait, I'm so confused.

So what's the final answer then?
Please do let me know once you get that...!!

 

[Kushal lodha 5336]

CAZ Bad debts what. HAHAH. read the ques properly. see what they want.

Yeahhh...!!

 

[Aakash Raka]

CAZ Bad debts what. HAHAH. read the ques properly. see what they want.

I just dont get what is there like laughing in this. Kushal you are absolutely right (Y)

 

[Kushal lodha 5336]

I just dont get what is there like laughing in this. Kushal you are absolutely right (Y)

Yeah... That's what... Tysm bro... And there was nothing to laugh right?

 

[Aakash Raka]

Yeah... That's what... Tysm bro... And there was nothing to laugh right?

Ya bro

 

[Kushal lodha 5336]

Ya bro

By the way, u prepared for Accounting exam on 27th October...?
I'm tensed... Give me some tips and how do I prepare bro...?

 

[lxelle]

student8 Hey is there anyway you can help me check my p2 answer? Can I send it to your emial or do your prefer inbox?

 

[lxelle]

https://thol.sunway.edu.my/examdbase/alv/acc/p1/acc_p1_n08.pdf no.4 pleaseee

 

[Kushal lodha 5336]

https://thol.sunway.edu.my/examdbase/alv/acc/p1/acc_p1_n08.pdf no.4 pleaseee

Its easy Its B...
As its an income, The closing accrual will be added with the money received i.e $17500 + $1600 = $19100
And as it is an income, outstanding income is an asset so on the debit side.
So it'll definitely be debtors as we have to take money from them... Meaning they owe it to us..
So the answer is B