Accounting 0452/12

[-iSexy-]

How was the exam ? overall ?

the goodwill part confused me because of the first correction of error !

 

[Shakeel Rafi]

what are the areas that you were tested
i did 0452/11

 

[-iSexy-]

hmm what i remember , trialbalance , limited companies theory , manifacturing account , a strange balancesheet and journal . what about yours?

 

[Shakeel Rafi]

0452/11
Partnership Appropriation Account
Manufacturing Theory Areas
Limited Company Accounts Theory Areas
Bank Reconciliation Account + Corrected Cash Book
ROCE + Capital Employed + Corrected Profit for the Year
Bad Debts+Recovered+Provision
Journals
Ledgers

 

[Shakeel Rafi]

hmm what i remember , trialbalance , limited companies theory , manifacturing account , a strange balancesheet and journal . what about yours?

Strange Balance Sheet??

 

[-iSexy-]

Strange Balance Sheet??

yeah , asked for a balance sheet and he didnt give any financed by stuff ! he gave goodwill and something about stock and markup

 

[Shakeel Rafi]

yeah , asked for a balance sheet and he didnt give any financed by stuff ! he gave goodwill and something about stock and markup

ohh ok
thanks anyways

 

[jashanva]

yea good will should not be taken

 

[-iSexy-]

yea good will should not be taken

i think so too , i hope thats correct !

 

[Shakeel Rafi]

i think so too , i hope thats correct !

Were there any other questions related to goodwill

And were there any new questions and formats requested..

Thanks in Advance

 

[slisjunknown]

Were there any other questions related to goodwill

And were there any new questions and formats requested..

Thanks in Advance

Hey Shakeel..in the old papers, they've asked about Department Accounts.We didnt learn abt that right?
Do u think we'll get that..cuz I'm realli scared now

 

[Shakeel Rafi]

Hey Shakeel..in the old papers, they've asked about Department Accounts.We didnt learn abt that right?
Do u think we'll get that..cuz I'm realli scared now

Nah, Departmental Accounts is not in our syllabus

 

[-iSexy-]

Were there any other questions related to goodwill

And were there any new questions and formats requested..

Thanks in Advance

he gave balances for fixed assets current assets and the normal balance sheet stuff , then he added goodwill to fixed assets he gave a balance .

then in the first correction of error , he said something about goodwill relating to reputation so i was confused , i didnt add it to fixed assets in the balance sheet .

and nope no unusual formats .

what about your exam ?

 

[Shakeel Rafi]

he gave balances for fixed assets current assets and the normal balance sheet stuff , then he added goodwill to fixed assets he gave a balance .

then in the first correction of error , he said something about goodwill relating to reputation so i was confused , i didnt add it to fixed assets in the balance sheet .

and nope no unusual formats .

what about your exam ?

Thanks.

nothing new at all

 

[soooso]

can anyone answer this question please
http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s11_qp_22.pdf
question 4 d in provision for depreciation account from where 1600 came???

 

[Shakeel Rafi]

can anyone answer this question please
http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s11_qp_22.pdf
question 4 d in provision for depreciation account from where 1600 came???

the question clearly stated that dep. is not provided on the year of disposal (straight-line method)
It was bought in 1st april 2008
and sold in 31st december 2010
that means 2 full years
and on the 3rd year it was sold

so dep. is to be provided only for 2 years:
1st year 4000 x 20% = 800
2nd year 4000 x 20% =800

so total accumulated dep. on this equipment is 1600

Hope it Helped!!

 

[soooso]

the question clearly stated that dep. is not provided on the year of disposal (straight-line method)
It was bought in 1st april 2008
and sold in 31st december 2010
that means 2 full years
and on the 3rd year it was sold

so dep. is to be provided only for 2 years:
1st year 4000 x 20% = 800
2nd year 4000 x 20% =800

so total accumulated dep. on this equipment is 1600

Hope it Helped!!

ohh thank u very much