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Economics, Accounting & Business: Post your doubts here!
Im in Nixor College studied As Economics from Ambreen Shah and Zeenat farookee ! -
Economics, Accounting & Business: Post your doubts here!
Im not arrogant nor im not a teacher, just a student like you! i might get wrong too Allah knows better, but i was just defending my point! -
Economics, Accounting & Business: Post your doubts here!
1st ans is not wrong! dont go for repeats their are even wrong ans in Mark scheme i think you may not know this. secondly search google for purchase returns and sales return nature CARRIAGES are expenses, expenses are always debit! -
Economics, Accounting & Business: Post your doubts here!
:S i know you said consistency accrual is another name for matching :s accrual was their i choose accruals! consistency was not making sense for me -
Economics, Accounting & Business: Post your doubts here!
explain me lol ! b.r.s values were changed dude and one thing credited lodgement were added twice those are unrepresented cheques so we have to minus them. :) secondly 28 is right it is repeated ! third debentures will result in cash but then u have to pay interest to them in the short run... -
Economics, Accounting & Business: Post your doubts here!
I'll argue, why don't you google accruals vs matching. both of them are same. it means that All debits have credit? ohkay so the question said that we can match it with next year financial statements right ? closing debtors are next year opening debtors closing bank cash creditors o/d n.b.v are... -
Economics, Accounting & Business: Post your doubts here!
expecting limiting factors + cash budgets in P2 -
Economics, Accounting & Business: Post your doubts here!
Cause I know!! i googled every question. Found them correct, actually i attempted all the question before ! im not sure about 2 question rest of them are all right! im in A2 straight A's in As giving Accounts Excel in A2! -
Economics, Accounting & Business: Post your doubts here!
check my post! it have all the ans u need all of them are correct -
Economics, Accounting & Business: Post your doubts here!
Accounts ans for mcqs, only one incorrect soo far ! :D 1) Return Outwards 2) 114000 D 4) Substance over form D 6) A ( Accruals Concept ) Cash discount 5% and stock previewed system ( D ) 20 ) C Partnership capital 60 000 drawings 30 000 ( C ) undervalued closing stock and overvalued... -
Economics, Accounting & Business: Post your doubts here!
yes the ans was D i got all corrects except one :p -
Economics, Accounting & Business: Post your doubts here!
the Ans is C listen when i have closing stock of 1000, i sale it to you 1500. You'll give me 500 in cash, how much ill gain 500? Stock = 1000-1000 Cash = 500 Current Assets increased by 500 -
Economics, Accounting & Business: Post your doubts here!
listen boy, read carefully the question it says 5 of each at a premium of 15 it means at $20 the share is being issued. Now when the company issues 50 k shares @ 20$ they'll receive cash of 1 m, cash is current assets. 300 000 is current asset but they are countered by debentures ( liability) -
Economics, Accounting & Business: Post your doubts here!
the answer is B dude. Nov Dec 2 months rents in advance 1000 ( prepay revenue liability ) 4500-1000 = 3500 charged in P/L acc. -
Economics, Accounting & Business: Post your doubts here!
use the concept of materiality. Loose tools are of no value where the business is very large. dont need to depreciate them and if you want to depreciate use the straight line method. -
Economics, Accounting & Business: Post your doubts here!
the answer is hundred ( a) . Remeber CLOSING AND OPENING STOCK OF F.G IN TRADING ACCOUNT IS AT TRANSFER PRICE. all you have to do it divide both the stocks by 100% + markup for exp cost plus 20% so 120% 2400/1.25 = 2000 3000/1.25=3000 2400-2000=400... -
Economics, Accounting & Business: Post your doubts here!
My teacher told me that whenever you write an answer for Section B relate it with you economics.. it impresses the examiner and might reward you with extra knowledge points, but be relevant if you know the correct knowledge. For e.g if a question comes about inflation and it results or causes... -
Economics, Accounting & Business: Post your doubts here!
happened with me last year in AS I can give you a tip, what you have revise for economics, write it in a register after 30 mins for making your memory more bold. helped me alot...revise it one more time before sleeping -
Economics, Accounting & Business: Post your doubts here!
its a very easy question my friend. D is the answer. just add contribution and v.c