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  1. N

    accounts

    good!!! what i used is the simple format opening stock of finished goods (cost price) + production cost of goods produced (which is transferred from manufacturing account) - closing stock of finished goods (cost price). it staright away came 47000. what do you think??
  2. N

    accounting difficult question

    DIVIDENDS ARE DEDUCTED FROM THE NET PROFIT. IT IS SHOWN IN THE APPROPRIATION SECTION. (AFTER NET PROFIT) THEY ARE NOT DEDUCTED FROM GROSS PROFIT. IT IS AGAINST THE COMPANIES ACT.
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    accounting difficult question

    Iam sorry but i did not under stand what you wrote? what do you mean?
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    accounting difficult question

    My teacher said that some times examiners give 1 mcq of A2 on purpose to test us. actually it is calculated through a formula [(declared rate of dividend x face value of share)/market price of share] x 100 first find that rate of dividend: [9600/(240,000 x 0.50)] 0.08 [(0.08 X 0.50) /...
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    accounting difficult question

    i guess not!!! i dont remember our teacher explaining any thing about that. it is in a2.
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    accounting difficult question

    Let sales = x Now find cost of sales: increase in stock means you have to assume that closing stock is increased by 200. why???? if u read the question it says that those are figures for profit and loss account. now P&l account is created at year end so thats why we assume it to be closing...
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    accounting difficult question

    @ kS136 IAM SORRY YOU WERE ABSOLUTELY RIGHT. WORKING CAPITAL CYCLE IS STOCK TURNOVER IN DAYS + DEBTORS IN DAys -CREDITOR IN DAYS.
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    accounting difficult question

    Answer for Oct/Nov 2009 paper 12 question 17 Number of ordinary shares of $1 are 12000 Now it says that the company made a bonus issue of 1 share for every 2 held. keep in mind that bonus issue does NOT INCREASE THE SHARE CAPITAL BUT IT INCREASES THE NUMBER OF SHARES. Also it does NOT AFFECT...
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    accounting difficult question

    ANSWER FOR MAY/JUNE 2006 PAPER 1 QUESTION 26 WE KNOW THAT THE FORMULA FOR WORKING CAPITAL CYCLE IS: STOCK TURNOVER (DAYS)-DEBTOR TURNOVER (DAYS)- CREDITOR TURNOVER (DAYS) STOCK TURNOVER IN DAYS IS 16. DEBTOR TURNOVER IN DAYS: (DEBTORS/CREDIT SALES) X 365 (48082/650000) X 365 =26.999...
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    accounting difficult question

    ANWER FOR OCT/NOV 2005 PAPER 1 QUESTION 20 WE ALL KNOW THAT WHEN A COMPANY MAKES A BONUS ISSUE IT ONLY INCREASES THE NUMBER OF SHARES BUT NOT THE SHARE CAPITAL. SO BEFORE THE BONUS ISSUE THE COMPANY HAD 200,000 ORDINARY SHARES. NOW IT SAYS THAT IT MAKES A BONUS ISSUE OF ONE SHARE FOR EVERY...
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    accounting difficult question

    Anwer for Oct/Nov 2005 question 30 FIRST OF ALL FIND THE OVER HEAD ABSORPTION RATE ONE UNIT TAKES 4 HOURS TO BE COMPLETED AND OVER HEADS ARE ABSORBED AT $5.40 PER DIRECT LABOUR HOUR SO OAR IS (5.40 X 4=21.6). NOW IT IS ALL MATHEMATICS FROM HERE. YOU MANIPULATE THE FIGURES...
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    accounting difficult question

    Anwer for June 2006 paper 1 question no 28 We all know that the formula to calculate over head absorption rate (in terms of machine hours worked) is: Total budgeted overheads/Total budgeted machine hours Don't calculate it because it already given which is 2.20. it is not 2.25 because OAR is...
  13. N

    So guys how did business p22 go??

    Honestly i did not find question 2 tough. the whole paper was easy. i did not find adequate time to give a good answer for question 2 last question part.
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    NYBUDY DUN WID BS P2?

    I dont know what to say!!! r u revising from book. iam doing it from notes only.
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    NYBUDY DUN WID BS P2?

    in times of desperation people should cool their minds and one way of achieving this is through laughing. so go ahead enjoy.!!! LOLS!! r u going to prepare for it??
  16. N

    NYBUDY DUN WID BS P2?

    check the syllabus . family business was added this year. and a question from it is expected.
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    NYBUDY DUN WID BS P2?

    EXPECTED TOPICS BUSINESS ETHICS STAKEHOLDERS FAMILY BUSINESSES MARKET SEGMENTATION PRODUCT LIFE CYCLE ADDED VALUE PRICE ELASTICITY OF DEMAND JIT/STOCK CONTROL LOCATION DECISION LEADERSHIP HUMAN RESOURCE PLANNING BREAK EVEN SOURCES OF FINANCE LIQUIDITY RATIOS AND WAYS OF MANAGING IT. MOTIVATION...
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    Business paper 2 this Wednesday!!

    For a source of finance the objective is to enable a business to buy an asset (fixed or current) effectively and efficiently. Now mortgage (i think) does not provide finance directly but it enables a business to purchase the asset in an effective manner provided if the terms and conditions of...
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    Business paper 2 this Wednesday!!

    Long term bank loan is a type of long term source of finanace. it is a loan which is acquired for a longer period of time lets say more than 10 years from a bank. interest has to be paid every year. debenture is a type of long term loan from the general public. this option is available for...
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    NYBUDY DUN WID BS P2?

    nope not yet!! mine is at 2pm.
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