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  1. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    Alhamdulillah.. Thats good to hear.. How about other questions.. Cash budget?
  2. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    yay... Didnt u think basically all the options they gave were affecting the TB?
  3. :: A^

    Accounting Paper 12 2014

    It was 11500 right, because they got a trade in allowance of 3500 and had to pay only 11500 :/
  4. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    I put transposition.. Not sure :/
  5. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    Trial balance thing?
  6. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    Machine rust :( Its wrong. Right answer was legal assets.. :/
  7. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    C right? And what did you put for the Trial Balance not balancing ?
  8. :: A^

    Accounting Paper 22 - Discussions after 24 hours

    Hey guys, 24 hours have passed right? I think we are free to discuss the papers now! So how did it go? Edit: I originally made this thread for Accounts 12 only, but then thought to continue it for all the papers. Without having to make new threads. No discussions bfore 24 hours please. Thank...
  9. :: A^

    Economics, Accounting & Business: Post your doubts here!

    All the best to all the people here :D May Allah be with us and make it easy! This one month has the potential to decide peoples lives. Jus keep calm and ace it! And pray for me also :p
  10. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Debit balance of bank entered as overdraft in a wrong amount, so you debit bank with the wrong amount plus the right amount. And credit suspense with that value. Debit side undercast, so you increase the debits, so its a credit in the suspense a/c again.
  11. :: A^

    Accounting doubts & Queries

    2500/10*100 = 25000 This is the par value of the shares which are issued. Since its $1, this is equal to the number of shares issued. They want to raise $120000 Therefore to find the market price of 1 share you go like 120000/25000 = 4.8 = D
  12. :: A^

    Accounting doubts & Queries

    Every installment they pay $1500 Year end is untill october. They paid from April To october which is 7 months. Per month charge is 500, therfore 7*500 = 3500 Year end is oct but they paid until Jan 1st so prepaid is 2 months since its and income its a liability Hence: B
  13. :: A^

    Accounting doubts & Queries

    is the answer D? Post year or the mark schem answer also next time :)
  14. :: A^

    Economics, Accounting & Business: Post your doubts here!

    O/n/2013-13 MS says C. How?
  15. :: A^

    yea and u get C after taking the interest no

    yea and u get C after taking the interest no
    • :: A^
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  16. :: A^

    yes. interes on loan also

    yes. interes on loan also
    • :: A^
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  17. :: A^

    Economics, Accounting & Business: Post your doubts here!

    whats the answer?
  18. :: A^

    Economics, Accounting & Business: Post your doubts here!

    For anyone who had a prblem with O/N/2012-13 Q19 (The question about that cumulative non cumulative thing) please note that the marking scheme and the examiner report both are wrong. The answer should be B. The Marking Scheme at the CIE teachers website has B. #freeadvice :p
  19. :: A^

    Economics, Accounting & Business: Post your doubts here!

    157500 represents 105% So find 5%
  20. :: A^

    Economics, Accounting & Business: Post your doubts here!

    O/N/2012 - 11 Why is it C ? Doesnt increase in selling prices affect GP?
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