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Search results

  1. M

    Economics, Accounting & Business: Post your doubts here!

    guys, plz help! why the answer for this is D???
  2. M

    Economics, Accounting & Business: Post your doubts here!

    Thnx :) understood, didnt know that i have to include the 50000 at $5
  3. M

    Economics, Accounting & Business: Post your doubts here!

    how did the share introduced 1000000??
  4. M

    Economics, Accounting & Business: Post your doubts here!

    yup! why? plz explain?
  5. M

    Economics, Accounting & Business: Post your doubts here!

    guys, plz help me in this question :S A company issues for cash 50000 shares of $5 each at a premium of $15 each and $300000 4% debentures. By what amount will the net assets of the company increase? A. $250000 B. $550000 C. $1000000 D. $1300000
  6. M

    Economics, Accounting & Business: Post your doubts here!

    thnx :) appreciate the advise :)
  7. M

    Economics, Accounting & Business: Post your doubts here!

    u mean that the first format is not acceptable? sure about that the second format is acceptable? its quite brief
  8. M

    Economics, Accounting & Business: Post your doubts here!

    wajiman may u plz help me in this I know that it might be silly, but the exam time is 1 hour 30 mins for paper 2, i barely finish the exam at 1 hour 25 mins and i take time for making such accounting format etc. what is the one acceptable in the exam?? when i was doing my IG exam, i used the...
  9. M

    Economics, Accounting & Business: Post your doubts here!

    its B, right?
  10. M

    Economics, Accounting & Business: Post your doubts here!

    wajiman may u plz help me in this I know that it might be silly, but the exam time is 1 hour 30 mins for paper 2, i barely finish the exam at 1 hour 25 mins and i take time for making such accounting format etc. what is the one acceptable in the exam?? when i was doing my IG exam, i used the...
  11. M

    Economics, Accounting & Business: Post your doubts here!

    thnx man :) appreciate that :)
  12. M

    Economics, Accounting & Business: Post your doubts here!

    in question 6, u have the credit sales 80000 and add to the 5000 because it says that the goods are despatched to the customers, which means that they received the goods and so, we made sales, ( 80000+5000 = 85000 ) and for the sale or return basis, it said that the business didnt sell them...
  13. M

    Economics, Accounting & Business: Post your doubts here!

    but it takes time :S and the second one may also be acceptable where much time is saved :S u see, i dont know what to use, in my IG, i used the first format, and took me time and space of the answer, my hand writing was too small to fit the boxes :S its a big problem for me :S
  14. M

    Economics, Accounting & Business: Post your doubts here!

    I know that it might be silly, but the exam time is 1 hour 30 mins for paper 2, i barely finish the exam at 1 hour 25 mins and i take time for making such accounting format etc. what is the one acceptable in the exam?? plz help thnx in advance :)
  15. M

    Economics, Accounting & Business: Post your doubts here!

    LoooooooooooooL i thought that this happened to u too xP Anytime :)
  16. M

    Economics, Accounting & Business: Post your doubts here!

    640 is the provision, and 800 is the new provision obtained, so there is an increase in the provision which is expense and so ( 800-640 = 160 ) debit
  17. M

    Economics, Accounting & Business: Post your doubts here!

    Thnx :) appreciate that :)
  18. M

    Economics, Accounting & Business: Post your doubts here!

    well multiply the debtors by the rate ( 16000 * 5% = 800 ) take the 800 and minus it from the 640 ( 800-640 = 160 ) 160 is expense as the provision maintained increased. Hope that was helpful
  19. M

    Economics, Accounting & Business: Post your doubts here!

    Guys, plz help... I need mark scheme paper 1 accounting for may and nov 2002 plz
  20. M

    Economics, Accounting & Business: Post your doubts here!

    Set off?! Dont understand..
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