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  1. Z

    Economics, Accounting & Business: Post your doubts here!

    Hi, Can someone please help me out with this, I am solving may/june 2013 (32) economics paper and cant seem to solve question number 2. can someone please help me out and also write down some pointers that i need for marginal utility please Thankyou so much in advance Regards
  2. Z

    Economics, Accounting & Business: Post your doubts here!

    Hi I need help in understanding this 1) this is what my book says : for unanticipated inflation There x a be an arbitrary redistribution of inxome. Borrowers tend to gain and lenders to lose, this is because nominal interest rates usually rise more slowly than the inflation rate, so real...
  3. Z

    Economics, Accounting & Business: Post your doubts here!

    Hey can you please let me know what comes in a revaluation account I always get confused with it, and which assets are debited and which are credited Is this correct tho? Decreased assets : debit revaluation acc Increased assets ; credit revaluation acc Decreased liabilities : credit...
  4. Z

    Economics, Accounting & Business: Post your doubts here!

    Hi can someone please explain to me why in this paper, it's November 2010 42 question 1 They have deducted vehicles from provision for depreciation when making income statement but they never deducted building and machinery from their respective provision for depreciation figures This is...
  5. Z

    Economics, Accounting & Business: Post your doubts here!

    That's weird I would like to know that as well please Also an economic student so
  6. Z

    Economics, Accounting & Business: Post your doubts here!

    I was in a moving car so bound to mess up on my calculator, anyway thankyou so much for your help and ur reply I was wondering how they calculated the revaluation of the assets in this paper summer 2010 41 Please help me out as I am quick stuck and ur replies have been very helpful I have...
  7. Z

    Economics, Accounting & Business: Post your doubts here!

    Doesn't make a difference because the answer will be 218500 e a diff
  8. Z

    Economics, Accounting & Business: Post your doubts here!

    I did that and I got the wrong answer, I did 100,000+ 28400+ 65000+ 22400+ 1100: 216900 And opening liabilities : 800( rent received prepaid, I was told that income prepayment comes under current liabilities so added this in CL then I added 17500+2400 : 20700 216900-20700: 196200 The answer...
  9. Z

    Economics, Accounting & Business: Post your doubts here!

    No I mean the capital capital in the balance sheet after it says financed by and it gives you the capital of 212880 Attached the screenshot of the balance sheet marking scheme question How did they get that?
  10. Z

    Economics, Accounting & Business: Post your doubts here!

    Omg you are a life saver thankyou!! What about capital though? How did they get that in the balance sheet ? are
  11. Z

    Economics, Accounting & Business: Post your doubts here!

    The cost for equipment is given as 17400 and NBV opening is 28400 and NBV closing is 27600 and motor vehicle cost is 19200 NBV opening is 65000 and NBV closing is 68200 How do I calculate depreciation for this given these values ?
  12. Z

    Economics, Accounting & Business: Post your doubts here!

    I got it I got it , thankyou for letting me know this! This was tricky I would have never figured it out, can you also let me m Know how they got the capital? And what would be the depreciation for motor vehicles and equipment?
  13. Z

    Economics, Accounting & Business: Post your doubts here!

    If you could please do it for me to show me the calculation for bank overdraft that will be much appreciated Please please Kind regards
  14. Z

    Economics, Accounting & Business: Post your doubts here!

    What? I don't understand, is this for the bank overdraft or the capital? And what do I enter in the bank account ? The balance b/d? What else Sorry I'm kind of new to accounting, only been studying for 2 months and giving alevels So pretty confused with how they got capital and bank over...
  15. Z

    Economics, Accounting & Business: Post your doubts here!

    Can you please tell me how they got bank over draft because in the question there is no mention of bank overdraft and in the balance sheet there is on under current liabilities And. Also how did they get capital I'm attaching both the question sheet and marking scheme for you to see Much...
  16. Z

    Economics, Accounting & Business: Post your doubts here!

    Thankyou so much this helps a lot! And u messaged back so quickly much appreciate this, can u also explain me how to calculate depreciation if I'm giving these values for depreciation For equipment and motor vehicles I'm getting wrong answer Please explain this to me anh
  17. Z

    Economics, Accounting & Business: Post your doubts here!

    Sorry wrong screenshot it's this
  18. Z

    Economics, Accounting & Business: Post your doubts here!

    Hey can you please let me know why this question right here includes rent received owing in current assets when it shouldn't :/ I mean I remembered that current assets only included prepaid expenses the marking scheme states that 1300 rent receivable in current assets please explain this to me...
  19. Z

    Business Studies, Commerce, Economics, Accounting: Post your doubts here!

    Just to help out people so they don't have to look at the paper is Equipment cost: 17400 NBV opening : 28400 and NBV closing : 27600 Motor vehicle cost: 19200 NBV opening : 65000 and NBV closing 68200 Please let me know with explanation ell
  20. Z

    Business Studies, Commerce, Economics, Accounting: Post your doubts here!

    I think your not going to l
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