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  1. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    y guess paper , u should prepare every thing.... my suggestion :)
  2. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

  3. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    Sorry :) I think it will be 420 (1030- 610 = 420) y 380?
  4. azaanahsan

    No :(

    No :(
  5. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

  6. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    Iv) Material usage variance: Formula : Standard Material - Actual material * standard price (20,000 * 1.4) - 27,000 * 3.20 = VII) Labour eff. Variance Formula : Standard hours - Actual Hours * Standard Rate (10/60 * 20,000) - 4000 * 8.40 =
  7. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    its v simple... Make Statement of financial position full format n put things which are available In the end the balancing figure will be bank See first u have to find Non-current Asset, u will use Asset turnover ratio which is Sales/fixed assets So 870,000/Fixed Assets = 2 Now 870,000 =...
  8. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    Formula is Current Asset minus Current Liabilities I am not sure that u r referring to some question or telling me generally :)
  9. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    there was but not valued i guess... :)
  10. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    First let me tell u about revaluation .... As u see in question they have said that Some Assets are valued more than book values at 8000 and some Assets are valued at 2000 less than book values so this mean revaluation over here is 6000 (8000-2000) but some students make mistake and they forget...
  11. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    there are two types of goodwill, One is inherent and second purchased goodwill. Inherent goodwill can not be shown as it does not qualify as an asset because cost can not be measured for it. Same thing u can apply here also, Wong did had goodwill but was not written because cost couldn't be...
  12. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    depends on u , I like accounts becoz i think in accounts if u understand no need to remember things or eco. mjhaa thora boring lagta hai :)... Accounts acha hai :)
  13. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    Don't know but u can find past papers on Max papers as well :)
  14. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    I 5) U have to find revaluation reserve in this question. U have to find out net book value of Asset revalued and subtract it from revalued amount. Net book value at beginning was 160,000 but then one of the machine is sold so NBV of machine sold has to be subtracted from total to get NBV of...
  15. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    3) We have to find how man new shares were issued after conversion of Loan stock. 10,00,000 is total loan & 80 % is converted so 10,00,000 * 80% = 800,000 Now we know that 800,000 of Loan Stock is converted So we can use a simple formula Loan stock converted * Rate of conversion = No. of...
  16. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    Hey, yeah. I saw the problem. It's quite different from the rest.. In the start, you issue shares at 165,000 (150,000+15,000) and later on you redeem shares worth 195,000 (150,000+45,000). Now, since you already have 15,000 in your premium account, you can only use 15,000 to pay the premium...
  17. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    IAS 36 states that Asset should not be Written in statement of Financial Position (Balance Sheet) at more than their recoverable amount. Recoverable Amount = Higher of (Fair value less cost of disposal) & (Value in use) In this question Fair value less cost of disposal is ( 48000 - 10000 =...
  18. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    For this u hav to find increase or decrease in debt Opening Balance (580-500) 80 (-)Cash increase/(decrease) during year (667) (+)Debenture repurchase 140 (this will decrease your debt) = Closing debt which is (360 + 87) (447) Decrease in debt is added and increase in debt is subtracted
  19. azaanahsan

    Account tutor

    good to have 3 columns ....
  20. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    I will try :) Please .....
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