9706....AS/A level Accounting Post ur doubts here...!

[AlphaBeta]

oct/nov 2004 paper 4 accounts
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_4.pdf
question 1 part b) how to get da creditors payments ?

 

[:: A^]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s08_qp_2.pdf
Q1, how to find Opening Capital for the balance sheet? The examiner report says its not a balancing figure!

 

[David Hussey]

oct/nov 2004 paper 4 accounts
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_4.pdf
question 1 part b) how to get da creditors payments ?

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s08_qp_2.pdf
Q1, how to find Opening Capital for the balance sheet? The examiner report says its not a balancing figure!

ill try them out inshALlah and let you know!

 

[David Hussey]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s08_qp_2.pdf
Q1, how to find Opening Capital for the balance sheet? The examiner report says its not a balancing figure!

i tried to calculate the opn bal by taking all the opening balance sheet items including: premises, machinery, prov for dep and d/d, stock, long term loan, interest on loan which was owing (3300) but i did not take debtors creditos or bank or cash because they are the closing balances
but not getting 200000
just do your normal method, and i think it will be alright
or otherwise try to calculate your closing capital and then find opening capital using that

 

[David Hussey]

oct/nov 2004 paper 4 accounts
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_4.pdf
question 1 part b) how to get da creditors payments ?

i coudlnt find it :/
y do u guys come up with the toughest doubts?

 

[:: A^]

i tried to calculate the opn bal by taking all the opening balance sheet items including: premises, machinery, prov for dep and d/d, stock, long term loan, interest on loan which was owing (3300) but i did not take debtors creditos or bank or cash because they are the closing balances
but not getting 200000
just do your normal method, and i think it will be alright
or otherwise try to calculate your closing capital and then find opening capital using that

I dont have a normal method

 

[SalmanPakRocks]

oct/nov 2004 paper 4 accounts
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_4.pdf
question 1 part b) how to get da creditors payments ?

This is a cash budget so only the transaction related to cash would be recorded. That is when we pay the creditors for our purchases.
October would be $26666.7 rounded off to $27000. (For the sales of September, we would purchase in August and pay in October, i.e: Two months after)
Similarly in November, we would pay for October Sale purchased in September. (48000 x 33 1/3%) - 48000 = $32000
Likewise in December, we would pay for November sales purchased in October. (60000 x 33 1/3%) - 60000 = $40,000
Jan would be (54000 x 33 1/3%) - 540000 = $36000
I hope this helps.

 

[David Hussey]

I dont have a normal method

calculate ur closing capital with the closing balances you have, and the balancing figure should be the opening balance

 

[David Hussey]

This is a cash budget so only the transaction related to cash would be recorded. That is when we pay the creditors for our purchases.
October would be $26666.7 rounded off to $27000. (For the sales of September, we would purchase in August and pay in October, i.e: Two months after)
Similarly in November, we would pay for October Sale purchased in September. (48000 x 33 1/3%) - 48000 = $32000
Likewise in December, we would pay for November sales purchased in October. (60000 x 33 1/3%) - 60000 = $40,000
Jan would be (54000 x 33 1/3%) - 540000 = $36000
I hope this helps.

*facepalm* didnt see that 33 1/3%

 

[Sarah Paul]

just use the formulas and flex the budgeted data to actual units

Can u help me with Q3
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s04_qp_2.pdf

panoramafolks

 

[rupa]

pls help me in this 3rd question a) iv) and vi) to ix) in oct nov 2012
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w12_qp_42.pdfi am seriously i am breaking my head....i am not getting the answer,pls pls someone reply me fast

 

[mak kings]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_qp_11.pdf
plz explain Q 30 !

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_11.pdf
plz explain Q 30 !

Is the answer C?

 

[panoramafolks]

oct/nov 2004 paper 4 accounts
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_4.pdf
question 1 part b) how to get da creditors payments ?

Purchases are done 1 month before sale and are paid 2 months after purchase (that means that they are paid 1 month after the sale)
This means purchases for September sales were conducted in august and paid for in October (Aug>Sep>Oct)

G.Profit:Sales (1:3)
Purchase cost: Sales (2:3)
as Sales-Purchase cost = G.Profit.

Creditors Payments are thus (to the nearest $000)

October (Payment for September sales) = 40 * (2/3) = 27
November (Payment for October sales) = 48 * (2/3) = 32
Dec. (Payment for Nov.) = 60 * (2/3) = 40
Jan. (Payment for Dec.) = 54 * (2/3) = 36

Hope you got it...remember me in your prayers!

 

[panoramafolks]

pls help me in this 3rd question a) iv) and vi) to ix) in oct nov 2012
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w12_qp_42.pdfi am seriously i am breaking my head....i am not getting the answer,pls pls someone reply me fast

(a)

(iv) Direct Materials usage variance = (Standard Qty - Actual Qty) * (Standard price/kg)

First we will flex the Direct materials (28600/22000) * 21400 = 27820 kg

DM usage variance = ( 27820 - 28400) * 2 = $1160 (Adverse)

vi) Total DM variance = (27820 * 2) - (28400 * 2.05) = $2580 (Adverse)

vii) Fist we will flex labour hrs to actual units (48400/22000)*21400 = 47080 hrs
DL efficiency = (47080 - 47200) * 6 = $ 720 (Adverse)

viii) DL rate = (6-5.9) * 47200 = $4720 Favorable

ix) Total DL variance = (47080 * 6) - (47200 * 5.2) = $4000 Favorable.

Hope it helped .... rem me in ur prayers.

 

[panoramafolks]

Can u help me with Q3
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s04_qp_2.pdf

panoramafolks

which part?

 

[panoramafolks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_11.pdf
plz explain Q 30 !

if you see on the y-axis it's fixed cost/unit ... which decrease as fixed dont increase with output, but with increase in output they are spread out more, thus fixed cost per unit decreases as output/production increases

for e.g at 2 units fixed cost is 10 ( per unit = 10/2 = $5)
at 5 units also fixed cost is 10 ( per unit = 10/5 =$2)


so ans. is A. hope u got it.. pray for me!

 

[:: A^]

Is the answer C?

They are asking for FC/Unit, and FC/Unit decreases as output increases.
So its A

 

[AlphaBeta]

is the marking scheme wrong > oct/nov 2006 paper 1 Question 22
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w06_ms_1.pdf

 

[:: A^]

View attachment 39889
is the marking scheme wrong > oct/nov 2006 paper 1 Question 22
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w06_ms_1.pdf

answer is D.. its correct :O