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  1. M

    Economics, Accounting & Business: Post your doubts here!

    yup! u were 100% clear, thank u very much :) I appreciate that :)
  2. M

    Economics, Accounting & Business: Post your doubts here!

    May someone plz explain how to solve this question... A company, with an existing issued share capital of 200000 ordinary shares of $0.50 each, made a one for four bonus issue. This was later followed by a one for two rights issue at $1.20 per share. What will be the balance on the share capital...
  3. M

    Economics, Accounting & Business: Post your doubts here!

    Plz help :S http://www.xtremepapers.com/papers/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_s07_qp_1.pdf i have problem in these questions and dont understand their answers :S questions = 12,14,16,17 here are the answers...
  4. M

    Economics, Accounting & Business: Post your doubts here!

    Imagine with me the trial balance, there is the debtors with 43000 and it should have been 34000, so we put 9000 in the credit side of the trial balance with the name suspense to balance it up.... so suspense is now credited with 9000 and thats the only entry
  5. M

    Economics, Accounting & Business: Post your doubts here!

    Plz help Q. The journal entry " Debit subscription income, credit creditors " was made in the accounting records of a club. What does this represent? A. Subscriptions owed by members B. Subscriptions received by cheque C. Subscriptions received in advance D. Subscriptions refunded to members
  6. M

    Economics, Accounting & Business: Post your doubts here!

    in question 10, the answer is B, because there was a overstated amount in the debit side of $9000, in order to decrease it, only a suspense account is opened and it has the amount which is a shortage in the credit side I have the same problem in question 19 :S sry :S and yeah, question 21...
  7. M

    Economics, Accounting & Business: Post your doubts here!

    u have a shortage of 2000 in the debt side, which is because of the bank and 700 decreased the amount of the creditors, so again shortage of 700 in the debt side, so it would be like this = suspense 700 discount received 700
  8. M

    Economics, Accounting & Business: Post your doubts here!

    I got this question from a classfied book, searched for it in the pastpapers and found it in May 2009 paper 1 where the answer was B xP sry for wasting time :S
  9. M

    Economics, Accounting & Business: Post your doubts here!

    No, its A But my answer is B..
  10. M

    Economics, Accounting & Business: Post your doubts here!

    Another question that made me confused :/ Q. Entries of $700 in the discount received account had not been entered in the creditors' ledger. During the year a machine was sold for $1000. There was only one entry made and it was a credit in the bank account. What is the balance on the suspense...
  11. M

    Economics, Accounting & Business: Post your doubts here!

    see this document it clearly states that the dissolution is for A-lvl only...
  12. M

    Economics, Accounting & Business: Post your doubts here!

    I dont know what to say... I'm getting confused too... :S but still believe that they are the same :P
  13. M

    Economics, Accounting & Business: Post your doubts here!

    yeah :S but the syllabus for 2012 for AS didnt mention the dissolution part.
  14. M

    Economics, Accounting & Business: Post your doubts here!

    total share of profit is the profit to be shared between partners and total appropriation of profit means the profit specialised to be distributed between partners.... Am I right?
  15. M

    Economics, Accounting & Business: Post your doubts here!

    for AS level?
  16. M

    Economics, Accounting & Business: Post your doubts here!

    Just checked the syllabus, yup, you're right! My bad, thnx buddy, it was a huge problem for me :D
  17. M

    Economics, Accounting & Business: Post your doubts here!

    No, I believe that its the same....
  18. M

    Economics, Accounting & Business: Post your doubts here!

    Another question guys, please help, I dont quite understand how to make a Realisation account in partnership its question 2 (a)... http://www.xtremepapers.com/papers/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w03_qp_2.pdf
  19. M

    Economics, Accounting & Business: Post your doubts here!

    I think so... being honest, I dont know However, u got the right answer!
  20. M

    Economics, Accounting & Business: Post your doubts here!

    Yup! 100% right! thank u :D
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