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  1. M

    Economics, Accounting & Business: Post your doubts here!

    anytime ;) for question 14, i'm not very sure about my explaination... but at least i'm trying.. see, imagine with me the goodwill account before Z join, its the debit side with the capital old ratio by amounts we dont know... when Z came, he paid 30000, which means that there was a goodwill of...
  2. M

    Economics, Accounting & Business: Post your doubts here!

    ( 10500-4900+2500-700 ) * 25% u have the cost less the accumulated and add the purchases and less the disposals, because we want to get the net value of the fixed asset, and finally, multiply it by the rate.....
  3. M

    Economics, Accounting & Business: Post your doubts here!

    in question 7 , the cost price is 1200, and the old selling price is 1800 but the new selling price is 1700 , then u deduct the repairs cost of 1000, giving the net realisable value of the stock which is 1100, the last line of the question which says ( To replace the stock would cost $1000.) it...
  4. M

    Economics, Accounting & Business: Post your doubts here!

    in question 6, u will add the credit sales only to the trade debtors ( 64000+23000 = 87000 ) for the payment of 56840, see, this amount is deducted from it the cash discount! so we need to get the original amount and the cash discount, as they appear in the credit side of the debtors account to...
  5. M

    Economics, Accounting & Business: Post your doubts here!

    why?? how u got it :S? plz help :S
  6. M

    Economics, Accounting & Business: Post your doubts here!

    it is may/june 2010 paper 12 question 13 and the answer is C
  7. M

    Economics, Accounting & Business: Post your doubts here!

    Plz someone helpp mee in this question :S the answer is C.. why?? thnx in advance....
  8. M

    Economics, Accounting & Business: Post your doubts here!

    plz someone help me in this question :S the answer is C thnx in advance :)
  9. M

    Economics, Accounting & Business: Post your doubts here!

    june 2002
  10. M

    Economics, Accounting & Business: Post your doubts here!

    in HIJ.jpg, i think the answer is C, as the company made an interim dividend of $15000 + $50000 the final dividend giving $65000 in the P and L a/c, and the final dividend of 50000, will only go to the balance sheet at the current liability section... in HIK.jpg, i think the answer for...
  11. M

    Economics, Accounting & Business: Post your doubts here!

    can someone plz show a sample of cash budgeting? for accounting AS? its new in our syllabus :S thnx in advance :)
  12. M

    Economics, Accounting & Business: Post your doubts here!

    for question 16, u have made a right issue of one for each 3, ( 600/0.25 to get the number of shares = 2400 ) then divide by 3 to get the number of shares to be issued ( 2400/3 = 800 ) each share of these 800 cost $0.30 each which means that 0.05 will go for the share premium account so...
  13. M

    Economics, Accounting & Business: Post your doubts here!

    in question 13, the value of closing stock using FIFO is usually more than the value obtained using LIFO, so higher amount of closing stock which leads to lower amount of cost of sales, and therefore higher gross profit and eventually, higher net profit in question 15, u have goodwill of value...
  14. M

    Economics, Accounting & Business: Post your doubts here!

    thnx :)
  15. M

    Economics, Accounting & Business: Post your doubts here!

    another question guys :S plz help! why the answer is B?? thnx in advance :)
  16. M

    Economics, Accounting & Business: Post your doubts here!

    thnx :) understood :)
  17. M

    Economics, Accounting & Business: Post your doubts here!

    the answer is A, see, the company made a bonus issue of one for one, which means that the ordinary shares which are 200000, increase by 200000.... and the right issue of 100000, increased the ordinary shares to 500000 we used the share premium available ( which is $80000 ) to pay the 2000000...
  18. M

    Economics, Accounting & Business: Post your doubts here!

    plz may someone help me out in this question, the answer is B.. why :S? thnx in advance :)
  19. M

    Economics, Accounting & Business: Post your doubts here!

  20. M

    Economics, Accounting & Business: Post your doubts here!

    Guys! plz help me out in this question, in number 3, the mark scheme for paper 2 June 2008 says that the depreciation charged for the year is $126000??! why not $96000?? plz anyone help Thnx in advance :)
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