accounting doubts anyone i am ready to answer it

[silentassassin1996]

you can get it from
dineshbakshi.com/accounting igcse
however this site
http://accounting10.tripod.com/Lecture7.1.ppt
was very useful along with the formats it gives u a lot of stuff that can help
i hope i was a help

THANK YOU! u were a great help!

 

[mak kings]

http://papers.xtremepapers.com/CIE/Cambridge%20IGCSE/Accounting%20(0452)/0452_w11_qp_13.pdf
plz explain the 3 e(i)

 

[arsenal4ever]

This is directly from my notes

Thanks alot

 

[Just visiting]

hey
can you tell me the difference between interim dividend and proposed dividend

 

[Rahma Abdelrahman]

hey
can you tell me the difference between interim dividend and proposed dividend

Interim is the amount that the company pays to the shareholders during the year.. while final is paid at the financial year end after making profit.. (Final dividend is also called Proposed dividend and is considered as a current liability)

 

[Just visiting]

can anyone explain this to me plz

 

[Just visiting]

Interim is the amount that the company pays to the shareholders during the year.. while final is paid at the financial year end after making profit.. (Final dividend is also called Proposed dividend and is considered as a current liability)

Thanks

 

[Rahma Abdelrahman]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Accounting (0452)/0452_w11_qp_13.pdf
plz explain the 3 e(i)

What's the problem here? Simple as trade payables decrease payment period decreases (Recall the formula)... And it also has no effect on rate of inventory turnover as it is a current liability ...

 

[Rahma Abdelrahman]

Thanks

You are welcome

 

[Rahma Abdelrahman]

can anyone explain this to me plzView attachment 28751View attachment 28751

1. As inventory was overstated, current assets are overstated and so does capital employed increase (Recall accounting equation).
2. As there was more opening inventory, then more cost of sales, so lower gross profit as cost of sales is subtracted from Sales.
3. Current assets are in the balance sheet, obviously no effect on gross profit.

 

[Just visiting]

i

1. As inventory was overstated, current assets are overstated and so does capital employed increase (Recall accounting equation).
2. As there was more opening inventory, then more cost of sales, so lower gross profit as cost of sales is subtracted from Sales.
3. Current assets are in the balance sheet, obviously no effect on gross profit.

im not sure if i quite understood , but in no. 2 it will decrease but as opening inventory changed , the closing inventory also changed then how 250
and in no. 3 what bring gross profit in , its about current assets on 2011 and inventory is a current asset so how come no effect

and thanks BTW

 

[Rahma Abdelrahman]

i
im not sure if i quite understood , but in no. 2 it will decrease but as opening inventory changed , the closing inventory also changed then how 250
and in no. 3 what bring gross profit in , its about current assets on 2011 and inventory is a current asset so how come no effect

and thanks BTW

For no. 2--> Pay attention to the question carefully! The opening inventory only is changed... They said he took cost value.. for closing inventory, taking cost is correct because it's lower than net realisable value! But for opening inventory, its wrong to take cost as its higher than net realisable value
For no. 3--> In current assets we take the value of closing inventory! Opening inventory is the one with the mistake.. got it?

 

[Just visiting]

For no. 2--> Pay attention to the question carefully! The opening inventory only is changed... They said he took cost value.. for closing inventory, taking cost is correct because it's lower than net realisable value! But for opening inventory, its wrong to take cost as its higher than net realisable value
For no. 3--> In current assets we take the value of closing inventory! Opening inventory is the one with the mistake.. got it?

okay....Thanks for your effort, i forgot that it is lower of cost and NRV

 

[Rahma Abdelrahman]

okay....Thanks for your effort, i forgot that it is lower of cost and NRV

Hahaha You are welcome!

 

[mak kings]

What's the problem here? Simple as trade payables decrease payment period decreases (Recall the formula)... And it also has no effect on rate of inventory turnover as it is a current liability ...

yh .... wel thnx1

 

[Anas Firoz]

How to calculate return on opening capital employed???

 

[Just visiting]

How to calculate return on opening capital employed???

yea does any1 know?????

 

[Just visiting]

w

How to calculate return on opening capital employed???

which exam did u find it?

 

[Anas Firoz]

w
which exam did u find it?

October/November 2011 variant 13 question no 6c

 

[Just visiting]

can anyone help explain this to me