accounting p1 0452

[student92]

i have done mj 2010 and on 2010 p1 and there is no company accounts in them, so am i right in saying that company accounts do not come in p1 and come in p2.
please answer fast, i dont know company accounts so well, and i am hoping they do not come in p1
best of luck for exam

 

[zaisha54]

i dnt think u shld so sure abt it becuz dis chptr was introduced last year on the syllabus so no one can be sure tht it wont come in ppr1 bt probably u wnt gt to draw up the whole accounts maybe sum minor questions abt shares and all

 

[yellitgirl]

they wont give you a question like :draw up the final accounts for this company but they might give questions like



explain what is meant by issued, paid up and authorized capital....or something like if the company issued 5% of preference dividend of $2 each of $50000 authorised capital, how much was the value of the preference shares which were issued....
hope that helped

 

[cooldude95]

there is a question on limited company accounts
MJ2010 P11 q2 part h
although it is small but it is there

 

[student92]

thanks alot everyone.
this means i should know company accounts but not in so much detail right?
thanks

 

[yellitgirl]

lol yeah "not so much"