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  1. :: A^

    Accounting doubts & Queries

    http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w06_qp_4.pdf Question 3, how to find the opening balance for retained earnings?
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    Economics, Accounting & Business: Post your doubts here!

    http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w06_qp_4.pdf Question 3, how to find the opening balance for retained earnings?
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    Economics, Accounting & Business: Post your doubts here!

    But the right answer is B anyway!
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    Economics, Accounting & Business: Post your doubts here!

    During a slump spending is more and taxes are less. (G>T) so if they increase tax in this situation, it will help the government maintain their budget. (Moving towards G=T) Further, during a boom, spending is less and taxes are more. (G<T) so if the reduce tax in this situation, it will help...
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    70000 feet above!

    This video shows James May going 70000ft above the earth. The view is simply outstanding. Its a must watch video. Its 10 minutes long, but trust me, not a second is wasted. Link
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    • Thread
    • Replies: 1
    • Forum: Chat
  6. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Is the answer C ?
  7. :: A^

    Economics, Accounting & Business: Post your doubts here!

    Well my theory was somewhat different. The minimum amount the worker is paid per week is below the supply curve, and what i deduced from the diagram was that it is X since he is required to work a standard 40-hour week. And since the total amount he is paid per week is Z, the difference...
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    Economics, Accounting & Business: Post your doubts here!

    They have given the net figure after writing off Goodwill.. But we dont do like that, we show different entries for entering and writing off goodwill.. give me some time..
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    Economics, Accounting & Business: Post your doubts here!

    Im taking Titus for this example. The Total Assets of his business is (20+10) = $30000 They Agreed to transfer to the new business at $45000 So Goodwill = $45000 - $30000 = $15000
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    Economics, Accounting & Business: Post your doubts here!

    Q17 = They sold for a profit, so we have to find the cost in order to reduce it from the cost of stock. Therefore cost is = 15000/125*100 = 12000 Then Stock at 10 Jan = $104000 In sums like these you go backwards. So you add the stock that was sold and minus the stock that was purchased. -->...
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    Economics, Accounting & Business: Post your doubts here!

    The difference between the Net Assets taken over and the agreed price is the goodwill.. Do the same for Ronicus! i.e $15000
  12. :: A^

    32 u mean?

    32 u mean?
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  13. :: A^

    Economics, Accounting & Business: Post your doubts here!

    http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Economics%20(9708)/9708_s10_qp_31.pdf Q29 How is the answer A?
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