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  1. Saad Ghori

    Errors carried forward ?

    Depends on the subject. Like in accounts errors aren't carried forward.
  2. Saad Ghori

    Hello....guys.....accounting mcq paper....lets discuss our doubts:)

    First calculate the cost of sales for the month of September. 6303+8844-7370=7777. Then you need to convert the margin into markup to calculate the gross profit for the month of September. If margin is 30% then the markup would be 30/70 into 100. That is 42.86%. multiply the cost of sales with...
  3. Saad Ghori

    Hello....guys.....accounting mcq paper....lets discuss our doubts:)

    Well first you need to make the appropriations, that is deduct the salary from the net profit. That will leave us with the residual profit of 25000. Share this residual profit among the partners in their profit sharing ratios, that is 3:2. X will get 15000 while Y would get 10000. But the...
  4. Saad Ghori

    Hello....guys.....accounting mcq paper....lets discuss our doubts:)

    The answers C right?
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