Accounting nov 2012

[Narimanomar]

What was the balance of the cashbook and whats was the balance of the bank reconciliation statement was they the same number?!!!..Q3

 

[Adil Shariff]

What was the balance of the cashbook and whats was the balance of the bank reconciliation statement was they the same number?!!!..Q3

My balance b/d was 4460, but when I reconciled, I got like 4180 for the final balance...

 

[youri kongolo]

My balance b/d was 4460

ahhh mine was 4459

 

[Adil Shariff]

ahhh mine was 4459

FOTSEEEEEEEK!!! You don't even write accounts... lol

 

[youri kongolo]

FOTSEEEEEEEK!!! You don't even write accounts... lol

pshhhh

 

[Adil Shariff]

Guys what did your trial balance, balance? I had to create a suspence of 1200, but I'm not sure if we put opening or closing stock in the trial balance?

 

[hanan mohammed]

Guys what did your trial balance, balance? I had to create a suspence of 1200, but I'm not sure if we put opening or closing stock in the trial balance?

there was no suspense the answer was 33600 something like that

 

[Narimanomar]

What were the answers of the effect table on working capital?!!!

 

[schoolation]

Actually the answers of the effect table on working capital was: No change, decrease, no change, increase

 

[mania _ manal]

i got fr the cashbook balance as 530 and why is it no change for the 3rd option ??

 

[yousefcc]

what waz the first answer in the mulitpl choiscE?

 

[schoolation]

Well, the first answer was to prepare financial statement.
And about the cashbook balance, I got that balance too, but the bank reconciliation cashbook balance was 4090!!!!!!!! I don't how the hell it came but I just did it.
And sorry would you please remind me of the third choice you are asking about?

 

[Adil Shariff]

there was no suspense the answer was 33600 something like that

damn, I didnt see that they put the opening stock outside & the closing inside trial balance... Darn it!!

 

[Narimanomar]

The cash sales was supposed to be recorded in the cashbook because he said that at the end of each month he puts all his cash receipts in the bank account so i think the balance was 4090 for both reconciliation and the main cashbook!!

 

[schoolation]

Well, I didn't read that at all
So, yeah the balance should be 4090, and I think if the balance of the cashbook doesn't agree with the reconciliation, 2 marks are deducted from the reconciliation question . GOD!

I have a silly question, in the purchases account, he purchased on credit from bruton, then he paid bruton the amount by cheque, the two entries are recorded in the debit side of the purchases acocunt, is that right?

 

[sirsmilez]

What was the balance of the cashbook and whats was the balance of the bank reconciliation statement was they the same number?!!!..Q3

balance wz 4090 same wit e bank renconcialition

 

[DinaAy13]

I got the bank reconcilation answer correct but my cashbook was a different balance. How many marks do you think I will lose?

 

[studiebuddie]

damn, I didnt see that they put the opening stock outside & the closing inside trial balance... Darn it!!

Aaaaaahh! they did what?!? are you sure?

 

[studiebuddie]

FOTSEEEEEEEK!!! You don't even write accounts... lol

hahaha! you know you're african when you understand 'fotsek'
also spelt voestek, fustek, fuseki!!

 

[sharpwings]

what about the 8th question in the MCQs that was about mark-up or margin, I don't really remember it but it was something like 'profit added to the cost of sales'