accounting doubts anyone i am ready to answer it

[Rahma Abdelrahman]

What is meant by subscription account and how to record it in the ledger..?

Its an "Income account" so u record increase as credit and decrease as debit (Incomes are credited)

 

[Rahma Abdelrahman]

Can you please explain Disposal account? What is "Trade in" in disposal account?

 

[Rahma Abdelrahman]

Can you please explain Disposal account? What is "Trade in" in disposal account?

And why is an entry in disposal acc. also go in the provision for depr. acc ? And how??

 

[ThisMeansWar]

so, i was just solving s09 P1 today, and i don't know why, but i just don't get the hang of questions like Pg 5, q12. WHEN do you apply trade and cash discounts both, and when do you only deduct the trade discount percentage? please help!

 

[Rahma Abdelrahman]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_qp_22.pdf
http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_ms_22.pdf
Q3 (c)
Then why here they didn't include it?

 

[mak kings]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s12_qp_12.pdf 6c Y dont v INCREASE THE CAPITAL? ....as. v know that capital increases wen longterm liabitlity has been taken?

 

[uzair shahid]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_qp_22.pdf
http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_ms_22.pdf
Q3 (c)
Then why here they didn't include it?
View attachment 28357

it goes in the balance sheet. under long term liabilities.

 

[helllooo]

give me some notes

 

[mak kings]

hey a pretty small doubt http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w10_qp_21.pdf Q6e error4 ...Y dont they consider it??

 

[Rahma Abdelrahman]

hey a pretty small doubt http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w10_qp_21.pdf Q6e error4 ...Y dont they consider it??

Bank overdraft is a current liability and is taken in balance sheet.. it has no effect on net profit

 

[mak kings]

Bank overdraft is a current liability and is taken in balance sheet.. it has no effect on net profit

OH YEAH.... geez THANKX! ALOT!

 

[mak kings]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s12_qp_21.pdf
Q 3 ---> add info 4 ...... how do v inlcude it in the income statement ..any idea?
add info 7 .......Y dont v take the office equipment purchased as an additional capital?

 

[Abdul Basit Arif]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s12_qp_21.pdf
Q 3 ---> add info 4 ...... how do v inlcude it in the income statement ..any idea?
add info 7 .......Y dont v take the office equipment purchased as an additional capital?

U see that in the add info 4 they r telling about the loan taken and they have also mentioned interest to be charged of 6% on $20000 so u will write $1200 in the under expenses heading in Profit and Loss a/c
While for add info 7 office equipment is a fixed asset and it will not be shown in the capital account however it will be shown in your balance sheet

 

[amxrox1]

Can you give me a layout of all the accounts we need to know? that would be very helpful. thanx

 

[arsenal4ever]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_s11_qp_12.pdf

Question 6, I don't understand the error 1, 2, 3.

Can somebody explain to me each single entry for the journal? And when do we need to use Suspense?

Thanks

 

[Abdul Basit Arif]

App

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_qp_22.pdf
http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w12_ms_22.pdf
Q3 (c)
Then why here they didn't include it?
View attachment 28357

Appropriation account only shows preference and ordinary share dividends which are proposed and paid while debentures are long term loans and also the interest charged on them is shown under expenses heading in profit and loss account

 

[arsenal4ever]

What's the difference between ordinary and preference shares ? Can somebody explain them in bullet point so that I can easily comprehend it

Thanks alot

 

[Rahma Abdelrahman]

App
Appropriation account only shows preference and ordinary share dividends which are proposed and paid while debentures are long term loans and also the interest charged on them is shown under expenses heading in profit and loss account

Yeah got it thanks

 

[Rahma Abdelrahman]

What's the difference between ordinary and preference shares ? Can somebody explain them in bullet point so that I can easily comprehend it

Thanks alot

This is directly from my notes

 

[anongh0st]

Sup guys?! I can do nearly all topics fairly well, the only problem is Company accounting (Appropriation and Balance sheet), can someone help me with the format of those 2 financial documents? Thats all I need!