• We need your support!

    We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
    Click here to Donate Now (View Announcement)

Search results

  1. E

    Accounts paper 11 done

    alhamdulillah yar acha hogaya! :D pray for A* inshallah! aur tum economics de rahay ho?
  2. E

    Accounts paper 11 done

    hahaha no idea bro! :P
  3. E

    Accounts paper 11 done

    i wrote seperate answers aswell as showed the total of all three products bro! :P
  4. E

    Accounts paper 11 done

    yes we had to add accruals and the answer was something like 4080 or 6000 lol i dont remember and yes legal cost is capital exp as its finance for VEHICLE which is an asset so yes! :)
  5. E

    Accounts paper 11 done

    and yes people dont worry, its not a 100% sure that all of the answers are right... CIE does give own figure marks you know! so please dont get sad if u didnt get that answer or u missed something.. atleast the working's there and you have your own answer you are awarded for that! now keep calm...
  6. E

    Accounts paper 11 done

    9550 something i remember
  7. E

    Accounts paper 11 done

    to expense hi hua na yar? :P
  8. E

    Accounts paper 11 done

    we had to chose lower of cost in both cost per unit and selling price per unit and had to multiply it by selling and distribution costs per unit. i did that my final answer was 21500 or something! :P i think thats correct! :P
  9. E

    Accounts paper 11 done

    exactly! balance of last year had to be taken! i did that and got 400 and 300. and yes i did include loan payment as expense because we are paying
  10. E

    Accounts paper 11 done

    yes we had to make debtors acc to get bad debts and creditors acc to get discount received
  11. E

    Accounts paper 11 done

    and yes this WAS harder than other paper 1's.... hope for an easy paper 2! :D INSHALLAH
  12. E

    Accounts paper 11 done

    discount received and bad debts are 400 and 300 respectively.... statement of affairs.. capital is 16380 hannah balance is 192 on debit i was getting a profit of 11600 depreciation is 200 loss
  13. E

    ACCOUNTS

    debit note
  14. E

    ACCOUNTS

    Exactly! Some accountants say that an asset is most liquid if its converted into cash with 20 days which is simply not the case with inventory... so its not a liquid asset and therefore deducted from current assets to find current ratio! :D
  15. E

    Paper 42 (13th May) - Full Solutions

    HAHAHAHA Sir this remindes me of the scatter diagram! :P CIE might be using a scatter diagram to estimate the marks along with a line of best fit! :P
  16. E

    ACCOUNTS

    Sorry just a correction... stock is deducted from current assets because its NOT a liquid asset! Sorry but this is the correct thing....
  17. E

    Paper 42 (13th May) - Full Solutions

    exactly! that was so rude! no one taught u manners on how to talk to a teacher? Go join kindergarten.. you really need to
  18. E

    ACCOUNTS

    Anytime! :D
  19. E

    ACCOUNTS

    Its because in order to calculate quick ratio, stock is deducted from current assets as its the least liquid asset and stock may take time to sell, thats why its better way of measuring liquidity in a business... hope this helps
  20. E

    thanks for the tag sis! :P but im not in karachi at the moment! xD

    thanks for the tag sis! :P but im not in karachi at the moment! xD
Top