ACCOUNTING P12 Threshold!

[Karimgenena]

yesterday's exam of accounting p12 was easy , i guess A is gonna be from 95/120..what do u guys think?

 

[Rupie2305]

hello??? easy??? wich world r u in???? r u that smart??? did u doo the whole income statement till net profit??? did you get ur credit sales right??? what was ur answer for the last part of the corrected profit for the year.....and what about the fuel expenses one T account did u get 360....tellme smarty pants............. :no:

 

[ferwine]

What was your net profit ?

 

[don8ld994]

Rupie i got 3600 for net profit, and 360 for Profit n loss for fuel expenses.
however i made a big screwed up on the depreciation and the loan boxes -.-'
i think 95/120 is too high because we have to base it on the overall performance of the students around the world. You might find it easy but others might find it excruciating difficult. just saying..
well low threshold is good right

 

[Shariq607]

Rupie i got 3600 for net profit, and 360 for Profit n loss for fuel expenses.
however i made a big screwed up on the depreciation and the loan boxes -.-'
i think 95/120 is too high because we have to base it on the overall performance of the students around the world. You might find it easy but others might find it excruciating difficult. just saying..
well low threshold is good right

I am sorry but wasn't the net profit 3660? also was drawings to be be included in the income statement?

 

[cheesww]

i think the GT will b something like 105/120!

 

[malismail]

Shariq607, yes drawings should be included!! :good:
Guys I think the paper was really easy because even the accounting weak students said that it was really easssyy *I can see their happiness, but I wanna see their faces in August* :bad: :bad:

 

[Shariq607]

Shariq607, yes drawings should be included!! :good:
Guys I think the paper was really easy because even the accounting weak students said that it was really easssyy *I can see their happiness, but I wanna see their faces in August* :bad: :bad:

Well, i honestly think it shouldn't be included simply because the Question didn't mention Drawing of goods which is part of trading account but it just said drawings which only comes in balance sheet so it shouldn't come.

 

[yellitgirl]

drawings should not be included cos dey were cash drawings. you only include drawings of goods from the purchases in trading account.
i also got the net profit as "3600" and so did my friends the Fuel expense account was 360 i guess. i dun remember it exactly.
My accounts paper ROCKED! alhamdulillah

 

[Shariq607]

Does anyone remember there gross profit to sales percentage
Was it 37 something

 

[shaima95]

Accounts was soo GOOOD ! And yes..i got 3600 as the net profit as well! And yeah..drawings should not have been included! OMG yes..the fuel expenses account balance which was transferred to the P/L Account was 360! Alhamdulillah! Gross Profit to sales....ummmm...i don't remember it! Sorry!
x

 

[yellitgirl]

umm r u da shaima who i m thinking u r?
nizar?

 

[Karimgenena]

hello??? easy??? wich world r u in???? r u that smart??? did u doo the whole income statement till net profit??? did you get ur credit sales right??? what was ur answer for the last part of the corrected profit for the year.....and what about the fuel expenses one T account did u get 360....tellme smarty pants............. :no:

credit sales = 13530...NP=3600 and yea fuel was 360 to P&L..cmon dude exam was repeated in pastpapers !

 

[Karimgenena]

Rupie i got 3600 for net profit, and 360 for Profit n loss for fuel expenses.
however i made a big screwed up on the depreciation and the loan boxes -.-'
i think 95/120 is too high because we have to base it on the overall performance of the students around the world. You might find it easy but others might find it excruciating difficult. just saying..
well low threshold is good right

I am sorry but wasn't the net profit 3660? also was drawings to be be included in the income statement?

dude u cant include drawing in the income statement for godsake !

 

[Karimgenena]

Rupie i got 3600 for net profit, and 360 for Profit n loss for fuel expenses.
however i made a big screwed up on the depreciation and the loan boxes -.-'
i think 95/120 is too high because we have to base it on the overall performance of the students around the world. You might find it easy but others might find it excruciating difficult. just saying..
well low threshold is good right

june 10 was harder and A was from 93 ! thats why im sayin 95

 

[Shariq607]

i dont remember what was my net profit although i surely remember that my depreciation for third year was 648 and the last question my net profit 4250 or something like that

 

[Suha123]

OMG! YES! I GOT THE SAME..I think

 

[Karimgenena]

i dont remember what was my net profit although i surely remember that my depreciation for third year was 648 and the last question my net profit 4250 or something like that

my corrected net profit was 4750 , im sure of it