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  1. W

    Economics, Accounting & Business: Post your doubts here!

    cant remember the row, but was sitting in the front, next to the examiners sitting area
  2. W

    Economics, Accounting & Business: Post your doubts here!

    some1 frm UCL
  3. W

    Economics, Accounting & Business: Post your doubts here!

    dont worry threshold is baar zalzalay ke saath niche gere ga :p
  4. W

    Economics, Accounting & Business: Post your doubts here!

    saad ghori was sitting with me in the hall, but did not have time to ask him
  5. W

    Economics, Accounting & Business: Post your doubts here!

    well my paper went good, just messed up production budget and partnership business question a bit.
  6. W

    same to you sis and i guess i forgot to wish Happy BiRd-E :)

    same to you sis and i guess i forgot to wish Happy BiRd-E :)
    • wajiman
    • Profile post comment
  7. W

    Economics, Accounting & Business: Post your doubts here!

    yes
  8. W

    Economics, Accounting & Business: Post your doubts here!

    Sir Waseem Zia
  9. W

    Economics, Accounting & Business: Post your doubts here!

    yes mate and this is the method used in 2002 oct/nov p4 paper as i have the markscheme of that paper. rules: 1) $80,000 2) $80,000 + $69,000 3) $69000 and if it says reserves in the flexible form, this method already considers this point as it tells us how much premium we can charge so...
  10. W

    Economics, Accounting & Business: Post your doubts here!

    no thats not what i meant. mate just forget whats in the book, just use the rules i mentioned rule 1) was the premium received on the issuance 0f those shares which are being redeemed now. and regarding example 4, we are not told that were these shares issued at a premium so there is no way...
  11. W

    Economics, Accounting & Business: Post your doubts here!

    thanks alot mate, then wont we have to subtract this amount from statement of changes in equity dividend paid area as we have already charged it in the P & L??
  12. W

    Economics, Accounting & Business: Post your doubts here!

    thanks for this info, i had no idea about this, mind if you could provide an example??
  13. W

    Economics, Accounting & Business: Post your doubts here!

    WaleedUQ the share premium can only be debited with the amount lowest in this rule: 1) Share premium received on original issue ( the premium received on the shares that are being redeemed at the time of issuance ) 2) Existing Share premium balance sheet value + share premium received on new...
  14. W

    Economics, Accounting & Business: Post your doubts here!

    I have posted 2 images above, those 2 images are the most common IAS standard and PLEASE PLEASE DONT USE THE WAY MENTIONED IN THE H RANDALL BOOK FOR CREATING CAPITAL REDEMPTION RESERVE, ITS WRONG.
  15. W

    Economics, Accounting & Business: Post your doubts here!

    depreciation, loss on disp, accrued and prepay expenses etc are the same and nov 11 question n0.2. the stock was not to be taken as it was for the next accounting period. read the dates
  16. W

    Economics, Accounting & Business: Post your doubts here!

    that's the mistake i was doing, i was considering it as a disposal
  17. W

    Economics, Accounting & Business: Post your doubts here!

    here are the two IAS standards for published accounts. as i said that the dividends paid are to be subtracted from the retained earnings, they will be subtracted from statement of changes in equity. please refer image 9
  18. W

    Economics, Accounting & Business: Post your doubts here!

    cash flow statement new pattern: operating activities: operating profit xx depreciation/amortization add back x Add loss on sale of fixed asset x less profit on sale of fixed asset x interest paid x tax paid x (xx) operating profit before working capital changes xx Decrease/ (increase) in...
  19. W

    Economics, Accounting & Business: Post your doubts here!

    i forgot to tell you that he did not subtract the dividends from the income statement as per the IAS 1 standard, you can charge dividends paid to the retained earnings only not to net profit this is a new standard too
  20. W

    Economics, Accounting & Business: Post your doubts here!

    kis cheese ka difference?? :S
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