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  1. M

    Accounts problem! Reply urgent!

    Cost of production 2500. Transfer price of goods to trading account 3000. Gross profit 1265.2 Then add realised profit 472.8 Net profit 941 Retained profit for the year 955. Fixed assets total 2018 Current asset total 1764 Current liabilities total 245, you should add include dividend payable on...
  2. M

    AS Level Oct/Nov Exam 22 Question help

    What Determines the Demand for a Currency?: The supply of a currency on a foreign exchange market is determined by the following: Demand for goods, services and investments priced in that currency. If I want to buy Canadian bonds or Canadian maple syrup, then I will need Canadian dollars to do...
  3. M

    Accounts problem! Reply urgent!

    Discount allowed for credit sales will be $420. You just need to take 1 1/2% *28000. Ok, In your profit and loss account discount allowed will be $2100. That is credit sales for discount allowed $420 Add cash sales for discount allowed $1680 (1 1/2% * 112000).
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