Accounting doubts & Queries

[:: A^]

Yeah A2 also if can please =)

 

[Crimson-Saint]

Wont be doing this paper until Monday or Tuesday Morning In sha Allah. So not gonna work it out right now, jus gonna tell you how things work
Find total cost for both levels.
Use the difference in cost divided by difference in units to find VC/Unit, using which find contribution and then find C/S ratio.

got it m8 thx.!

 

[Crimson-Saint]

uhmmm in this question i am not getting any of the answers...

 

[Sarah Paul]

uhmmm in this question i am not getting any of the answers...

wat qstn?

 

[:: A^]

wat qstn?

Do the honors

 

[Sarah Paul]

Do the honors

LOL
Yes

 

[:: A^]

uhmmm in this question i am not getting any of the answers...
View attachment 41148

https://www.xtremepapers.com/commun...business-post-your-doubts-here.10459/page-342
Check this page!

 

[Sarah Paul]

https://www.xtremepapers.com/commun...business-post-your-doubts-here.10459/page-342
Check this page!

Yes
Abt ur post in that page?

 

[Crimson-Saint]

thank u both....lol

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w04_qp_1.pdf
Q14 ?

 

[Crimson-Saint]

but i gotta issue....if the dr balence in purchace ledger control a/c is added....as it is an asset.....will it also work for if we were trying to find thefigure for trade payables....meaning wont 2900 be a current liability that we should add aswell?

 

[:: A^]

but i gotta issue....if the dr balence in purchace ledger control a/c is added....as it is an asset.....will it also work for if we were trying to find thefigure for trade payables....meaning wont 2900 be a current liability that we should add aswell?

Yup.

 

[Crimson-Saint]

what are the usual steps taken for this question?

 

[Crimson-Saint]

and for this one:

 

[hitler575]

and for this one:
View attachment 41153

Balance sheet shows Finished goods at cost and trading account shows inventory at Transfer value. Transfer value= Cost+ factory profit(F.P). F.P= cost*F.P%

To calculate the amount of factory profit realised or credited we use the following formula: F.P on Opening Inventory + F.P on Cost of production - F.P on closing inventory. In this case F.P is 20%, Cost 100%,Transfer value will be 120%.

So using the above formula now: Realised F.P= (40000*20%)+ (240000*20%)-((54000/120%)*20%)=$47000.

 

[Crimson-Saint]

Balance sheet shows Finished goods at cost and trading account shows inventory at Transfer value. Transfer value= Cost+ factory profit(F.P). F.P= cost*F.P%

To calculate the amount of factory profit realised or credited we use the following formula: F.P on Opening Inventory + F.P on Cost of production - F.P on closing inventory. In this case F.P is 20%, Cost 100%,Transfer value will be 120%.

So using the above formula now: Realised F.P= (40000*20%)+ (240000*20%)-((54000/120%)*20%)=$47000.

i still did not get it :/ can u try solving the questionthat i asked before this one aswell....cus maybe they might be related....cus i dont get the factory profitcost plus thing

 

[Crimson-Saint]

in this question my doubt is....why were the intrest on capital not deducted.....and how was the profit share done?

 

[panoramafolks]

uhmmm in this question i am not getting any of the answers...
View attachment 41148

Trade r/c will increase by 900 is there is a credit sale not recorded so Debit balance on trade r/c a/c increases to : 48500 + 900 = $ 49400
Trade p/b debit balance is also a trade r/c : $3600
Total to be shown = 49400+3600 = $53000. so ans. is D.

 

[panoramafolks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w04_qp_1.pdf
Q14 ?

According to Realisation concept, sale on sale or return basis isn't treated as a sale so they are included in the closing inventory of the business .
mark up = 1/4
Margin = 1/5
Cost price of inventory sent for sale or return basis = 200000 * (4/5) = $160000
Closing inventory = 300 + 160 = 460000 so C is ans.

 

[panoramafolks]

in this question my doubt is....why were the intrest on capital not deducted.....and how was the profit share done?
View attachment 41279

It is asking for share of total profits not residual profits.
Share of total profits = ?

Residual profit = 75000 - (60000 * 0.1) - (90000 * 0.1) = 60000

X: (60000 / 2) + ( 60000 * 0.1) = 36000
Y : (60000 / 2) + (90000 * 0.1) = 39000

so ans. is B.