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  1. ICCWC2015

    Economics, Accounting & Business: Post your doubts here!

    the book says 4150.... btw why did you add 1200? shouldn't it be 120?
  2. ICCWC2015

    Economics, Accounting & Business: Post your doubts here!

    A club provides the following information for a year. Annual subscriptions received in the year 4, 000 Annual subscriptions received in advance 50 at the end of the year Balance on Life Subscriptions account at 500 beginning of the year...
  3. ICCWC2015

    Accounting doubts & Queries

    A club provides the following information for a year. Annual subscriptions received in the year 4, 000 Annual subscriptions received in advance 50 at the end of the year Balance on Life Subscriptions account at 500 beginning of the year...
  4. ICCWC2015

    Accounting doubts & Queries

    but the book's answer says B
  5. ICCWC2015

    Accounting doubts & Queries

    A credit note for $46 sent to A. Moses has been debited to A. Mason's account in the sales ledger. What effect will this have on the trial balance? Debit total Credit total A.NONE NONE B.$46 OVERSTATED...
  6. ICCWC2015

    Well from all these comments I learnt that zainy96 is an open minded, person with a heart... 911...

    Well from all these comments I learnt that zainy96 is an open minded, person with a heart... 911 - I don't even want to think of replying to you.... I'm a Christian myself and all of my friends expect 1 are Muslims..I'm proud to say they aren't like you at all...they r espect my religion and I...
  7. ICCWC2015

    zainy96 I think you should see this :D...

    zainy96 I think you should see this :D http://entertainment.time.com/2013/12/04/paul-walker-bought-9000-engagement-ring-for-military-couple-who-couldnt-afford-it/
  8. ICCWC2015

    Accounting doubts & Queries

    Before any end of the year adjustments had been made, the trial balance of a business at 31 may 2011 included : Trade receivables 13,400 (Debit), Provision for doubtful debts 500(Credit). at 31 may 2011, it was found that trade receivables included a bad debt of 650. it was decided to adjust...
  9. ICCWC2015

    Accounting doubts & Queries

    O Oh my God...your working is like Magic to me...I understood everything thanks to you...Could you please try to help me out with my last 3 problems?
  10. ICCWC2015

    Accounting doubts & Queries

    Please consider my problems too.
  11. ICCWC2015

    I apologize for commenting and ruining your status zainy96

    I apologize for commenting and ruining your status zainy96
  12. ICCWC2015

    Ok I apologize if I hurt anyones feelings...but yr line "its a pity ppl show this much sorrow...

    Ok I apologize if I hurt anyones feelings...but yr line "its a pity ppl show this much sorrow for non muslims" is kinda harsh too... Paul Walker helped many people by donating his money and created his own charity organisation, he did it to all people regardless of religion, race, colour.... I...
  13. ICCWC2015

    ***amd** - Shame on you...So does that mean you will not help a dying person just because he...

    ***amd** - Shame on you...So does that mean you will not help a dying person just because he isn't Muslim? I don't want to live on this planet any more !
  14. ICCWC2015

    Accounting doubts & Queries

    The following information is extracted from the books of a business. At 31 Dec 2009 At 31 Dec 2010 Non-current assets (at cost) 230,000 275,000 Less accumulated depreciation 85,000...
  15. ICCWC2015

    Accounting doubts & Queries

    The following information relates to the non-current assets of a business. Cost at 1 april 2010 32,000 Accumulated depreciation at 1 april 2010 13,600 Non-current assets purchased in year ended 31...
  16. ICCWC2015

    Accounting doubts & Queries

    A business purchased a crane for 40,000 on 1 Jan 2008. The crane was depreciated at the rate of 30% per annum using reducing balance method. The crane was sold on 31 dec 2010 for 7,750. a full year's depreciation was charged in the year of disposal. what was the profit or loss on disposal? A...
  17. ICCWC2015

    Accounting doubts & Queries

    Thank you...I understand what u meant..but my book's answer is 300000
  18. ICCWC2015

    Accounting doubts & Queries

    The following information has been extracted from a Statement of financial position on 31 december Non current assets 310,000 Working capital. 30,000 Long term loan. 20,000 Profit for the year. 35,000 Drawings. 25,000 what was the balance on capital account at 31st...
  19. ICCWC2015

    Accounting doubts & Queries

    the owner of a business has taken goods for his own use but no entry has been made in the book to record this. what is the effect of this on this statement of financial position? Inventory. Capital. A. No effect. No effect B. No effect. Overstated...
  20. ICCWC2015

    Accounting doubts & Queries

    Thanks a lot :D now I understand....I never knew there will be cancelling in Accounting also.. :D :D Thanks a lot...God Bless You :D
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