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Search results

  1. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Yep, its there in the theories and text books!
  2. :: A^

    We were born on the same day :O

    We were born on the same day :O
    • :: A^
    • Profile post
  3. :: A^

    Economics, Accounting & Business: Post your doubts here!

    In the absence of a partnership agreement, interest on loans should be 5% No interest on drawings/capital. Profit shared equally. So here: Profit before interest is 8850 Interest is 1000*5%=50 Therefore profit for appropriation would be 8850-50=8800 Since this is being shared equally, each...
  4. :: A^

    Accounting doubts & Queries

    Yup.
  5. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Find the cost of the goods sent on sale or return and add it to the value of goods already in the warehouse.
  6. :: A^

    Accounting doubts & Queries

    https://www.xtremepapers.com/community/threads/economics-accounting-business-post-your-doubts-here.10459/page-342 Check this page!
  7. :: A^

    Accounting doubts & Queries

    Do the honors :P
  8. :: A^

    Accounting doubts & Queries

    Yeah A2 also if can please =)
  9. :: A^

    Accounting doubts & Queries

    AS
  10. :: A^

    Accounting doubts & Queries

    Wont be doing this paper until Monday or Tuesday Morning In sha Allah. So not gonna work it out right now, jus gonna tell you how things work :P Find total cost for both levels. Use the difference in cost divided by difference in units to find VC/Unit, using which find contribution and then find...
  11. :: A^

    Economics, Accounting & Business: Post your doubts here!

    and im assuming he asked about the opening balance :P Jus saying :P
  12. :: A^

    Economics, Accounting & Business: Post your doubts here!

    For opening capital, use the interest figure. The interest value they hav given is 8%, so all you have to do is find 100% Take Ahamed for example: 6000/8*100=$75000. which is his opening capital!
  13. :: A^

    Accounting doubts & Queries

    Thanks for this man. i owe you one!
  14. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Thanks s2u :)
  15. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Haha nothing like that. Just another student like you! :P Pray for me In sha Allah! :)
  16. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Q14 - Find closing inventroy first. Remember, 20 are damaged and 20 are good. So cost will be (20*16)+(20*10) = 520 Then use the sales - cost of sales to find the profit Which is (60*25) - (1600-520) = 420 = C
  17. :: A^

    Accounting doubts & Queries

    Same, its not really like that. The examiner says that all three papers test the same level of standard.
  18. :: A^

    Accounting doubts & Queries

    Which variant do you do?
  19. :: A^

    Economics, Accounting & Business: Post your doubts here!

    In an MCQ if there is a debit balance for Purch Control, you take it! Practice MCQs, there are alot of questions like this!
  20. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Because it is a debit balance in the purchase ledger control a/c. It basically means that you have overpaid your creditor. Hence, it is an asset. (Like a prepayment). You treat this as a Trade Receivable.
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