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Search results

  1. student008

    accounting 42

    Yep
  2. student008

    Yep

    Yep
  3. student008

    accounting 42

    It's gonna be low.. i guess 80 or so for an A
  4. student008

    accounting 42

    It was okay..I messed up q2
  5. student008

    Economics, Accounting & Business: Post your doubts here!

    You won't get anything by cheating..instead of wasting your time here trying to 'leak out' qs..go pray and study..
  6. student008

    Economics, Accounting & Business: Post your doubts here!

    Stop trying to get answers..go and study..that's gonna help..not this..
  7. student008

    accounting 42

    Stop wasting your time trying to get answers...go and study..that's gonna help.
  8. student008

    Economics, Accounting & Business: Post your doubts here!

    I am not sure but what we do is find purchases from cost of sales simply by using the COGS, Op. Inv and Cl. Inv.; there are chances we could be doing this wrong due to the possibility of return outwards and carriage inwards. We don't have the trial balance so we could double check. Hence, I...
  9. student008

    Economics, Accounting & Business: Post your doubts here!

    Ahaan! So if in the question, they provide us directly with the Purchases figure, I use purchases for TP turnover, otherwise cost of production. Thanks!
  10. student008

    Economics, Accounting & Business: Post your doubts here!

    Yup, i think it's better to be with the syllabus and book rather than the mark scheme, still I am worried..What logic are the examiners using?! God knows! InshaAllah, hopefully we all ace tomorrow's paper and achieve the highest grades possible (Y)
  11. student008

    Economics, Accounting & Business: Post your doubts here!

    If it comes tomorrow, what are we gonna do? o.O
  12. student008

    Economics, Accounting & Business: Post your doubts here!

    Accounts, Eco & Business: Post your doubts here! This might help you. I guess you are going wrong with flexing the standard materials. Always flex them by diving it with budgeted output in units and then multiplying it with actual output in units.
  13. student008

    Economics, Accounting & Business: Post your doubts here!

    Q3 d ii) DM Usage Variance formula= (SM-AM)*SP SM is 4200 but we need to flex this. We do that by multiplying it by the actual output in units and then dividing it by the budgeted output in units. So, it becomes 4200*1600/1400=4800 kg. Hence, (4800-4600)*8.2=$1640 Favourable For q3 d iv) DL Rate...
  14. student008

    Economics, Accounting & Business: Post your doubts here!

    The drawings question in part b of q2. It's simple, you just need to prepare a detailed current a/c with their former balances, i.e. not applying the Partnership Act 1890 with the balancing figure being the Drawings amount. Hope that helps.
  15. student008

    Economics, Accounting & Business: Post your doubts here!

    For q 11 we can find the purchase price by deducting the negative goodwill from the fair value of the assets acquired (We are deducting because there was NEGATIVE GOODWILL; Had their been positive goodwill, We would have added it to the fair value). This gives us the purchase price of $120,000...
  16. student008

    Economics, Accounting & Business: Post your doubts here!

    http://warmah.com/PodCast/Accounting%20rate%20of%20return.pdf Check page no. 5 We always add the scrap/ residual value to the original capital investment amount, and then divide it by 2 to reach at the avg capital or avg investment amount. Also, if there is an increase in working capital when...
  17. student008

    Hi myself!

    Hi myself!
  18. student008

    Economics, Accounting & Business: Post your doubts here!

    it was very easy compared to the pastpapers..........i expect the gt to be quite high
  19. student008

    Economics, Accounting & Business: Post your doubts here!

    examiners dont use "google" to check our papers bro...they use their mark schemes....:/
  20. student008

    Economics P12 june 2012 ANSWERS...!!!

    p11
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