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Economics, Accounting & Business: Post your doubts here!
Good luck everyone!! Lets hope the best :) (y) -
Economics, Accounting & Business: Post your doubts here!
That 8800 is actually the cash you paid out for machinery costing 12000. As in, out of that 12000, 3200 was settled by part exchange and remaining 8800 was only paid for machinery. So you dont have to adjust for 8800! Therefore its just 147000 + 12000 - 4000 = 155000 - 145000 =10000. Did you... -
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Economics, Accounting & Business: Post your doubts here!
This was how i did it, 147000-4000+12000-145000 = 10000 4000 = NBV of the machinery that was sold. Theres no other adjustment to be done! -
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i hate that song. Trust me i listened to it only once and never again!
i hate that song. Trust me i listened to it only once and never again!- Mad Gal
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Economics, Accounting & Business: Post your doubts here!
OH MY GOD!!! How any blind can i get!!!! i so ttly read it as bad debts :D THANKS FOR THE PINCH :D (y) -
Economics, Accounting & Business: Post your doubts here!
Yea, but why do you minus 640?? Whats the reason?! -
Economics, Accounting & Business: Post your doubts here!
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_11.pdf Que 4 - i dont know why am not getting B HELP PLEASE! -
lol yes it is :p Thursday, Friday, Saturday, Sunday and here we are on Monday! :p
lol yes it is :p Thursday, Friday, Saturday, Sunday and here we are on Monday! :p- Mad Gal
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Honestly, i updated that status long time back :D and i have bad memory :D i reall cant remember :D
Honestly, i updated that status long time back :D and i have bad memory :D i reall cant remember :D- Mad Gal
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Economics, Accounting & Business: Post your doubts here!
lOl :D yesh yesh i do :p am just waiting to post them in sometime later, hopefully i clear them myself. If not Xtremepapers :D -
Economics, Accounting & Business: Post your doubts here!
you have to credit it under other income in your PL acc! In your manu acc you just show the break down after you find the cost of production. Nothing else. -
Economics, Accounting & Business: Post your doubts here!
The question says that bad debts had already been written off. So you just have to multiply the 5% with 125400. You get 6270. That minus 1800 = 4470 :) -
Economics, Accounting & Business: Post your doubts here!
Lets say you transferred 100000 worth of goods from manu.acc. And the profit element say 25% mark-up. So the transfer value anyways includes it!! So profit element = (100000/125)*25 = 20000. This has to be credited under other income! Buh dont forget the entire 100000 will be recorded in the... -
Economics, Accounting & Business: Post your doubts here!
8 - the answer is 50000*20 = 1000000 Net assets = TA - TL. the nominal value of shares is 5 buh they're issued "at a premium of 15" so total value of issue is $20. Debentures wouldnt make any impact 19 - answer is D ROCE = (PBIT/capital employed)*100 so (128000/512000)*100 = 25% 512000 =... -
haha doesnt always have to be an expression of anger :p
haha doesnt always have to be an expression of anger :p- Mad Gal
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Hello....guys.....accounting mcq paper....lets discuss our doubts:)
the question says 303800 was what the debtors paid after a discount. which means it only the net amount we're given. So we have to compute the discount allowed bit. Which is 2%. So the working above has to be done :) -
Hello....guys.....accounting mcq paper....lets discuss our doubts:)
DID YOU GET IT???