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  1. W

    Economics, Accounting & Business: Post your doubts here!

    Contingent liability is a liability which has a chance to occur, for eg, your company get sued for patents copyright, now you dont know what the outcome of the case is gonna be, either you win or lose, this LIABILITY is not RECORDED but is shown as a notes to that account. the company who sued...
  2. W

    Economics, Accounting & Business: Post your doubts here!

    wats the magnifying glass for ?? USE IT !! and get some focus
  3. W

    Economics, Accounting & Business: Post your doubts here!

    pls elaborate it to him
  4. W

    Economics, Accounting & Business: Post your doubts here!

    this is a second method, it has been solved before using a cross multiplication rule, add closing stock to Sales they are recorded at selling price and also their original cost is included in the purchases. 550 -450 = 100 GP calculate gp margin. as the sales are 500; multiply gp margin...
  5. W

    Economics, Accounting & Business: Post your doubts here!

    mate i looked pastpapers from past 2000-2011
  6. W

    Economics, Accounting & Business: Post your doubts here!

    when did the Waleed get a white beard :confused:
  7. W

    Economics, Accounting & Business: Post your doubts here!

    mate their are hundred of mcqs which are having wrong answers in the mark scheme
  8. W

    any time :)

    any time :)
    • wajiman
    • Profile post comment
  9. W

    Economics, Accounting & Business: Post your doubts here!

    mark scheme is wrong mate, our sir had given this question in the mock exams and told us the answer was wrong in mark scheme
  10. W

    Economics, Accounting & Business: Post your doubts here!

    i m getting 12, you using the formula right? formula order is quiet important here 9/100+[[13/100+9/100]*16142/16142+4931]
  11. W

    wa alaikum as salam and same 2 u :)

    wa alaikum as salam and same 2 u :)
    • wajiman
    • Profile post comment
  12. W

    Economics, Accounting & Business: Post your doubts here!

    Rise and shine guys, morning all pls give me the problem
  13. W

    Economics, Accounting & Business: Post your doubts here!

    its a maths line equation used to find out co-orodinates, good night guys and best of luck
  14. W

    Economics, Accounting & Business: Post your doubts here!

    1) did not understand this question 2) no.11 we take profit after tax not after dividend as we are not given preffered stock as well as its dividend and divide it by no:of shares in issue that is 150/0.5=300 and you 0.23333*100= 23.33% no.21: its B reason budgets tell us the profits and expenses...
  15. W

    Economics, Accounting & Business: Post your doubts here!

    mcq no.10: answer is C we will charge $84,000 to retained profits
  16. W

    Economics, Accounting & Business: Post your doubts here!

    pls provide the paper download link
  17. W

    Economics, Accounting & Business: Post your doubts here!

    interest is the cost of capital, it is said so due to the fact business takes loans and invests them in the business and a fixed rate of interest plus the amount has to be paid back
  18. W

    Economics, Accounting & Business: Post your doubts here!

    answer is D, as we first credit good will on old ratio X : $16,500 Y : $16,500 Revaluation profit again on credit on old ratio due to being revalued more than the book value: X : $30,000 Y : $30,000 so X will get $46,500 and Y too where as Z will get nthin we also debit the partner account...
  19. W

    Economics, Accounting & Business: Post your doubts here!

    spying :p
  20. W

    Economics, Accounting & Business: Post your doubts here!

    same here
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