Accounting P42 POLL (+Discussion after 24hrs)

[Meet savani]

yeah if u divide by 1200 u get 0.4 but some are saying that u have to divide by 2400, cuz it was said that the business would issue new shares for every $1 already held......so i'm confused about this one............btw what was ur answer for the partnership last question about the guys income? i got that income for partnership was lower....but i calculated per annum incone, others say income should have been calculated for 3 months....??

But tht depends upon the explanation... Thhe comparison would have beencmuch reliable and accurate if you have calculated the interest and salary if not in partnership for three months... Coz you have got figures for onli three months of the partnership... But altogether she is better off is she dusnt joint the business...vbut in the future as profits rise she MAY benefit..

 

[Meet savani]

yeah same here, but perhaps i messed up the trade reciecvables part, cant remember my closing balance..........but the other ones match so hoping for this one to be good.

Luckily i have found a rough paper which i took during exams with my statement of entry... lemme post my whole answer here...
It goes as..

JAN. FAB. MAR. APR.
1250 1300 1400 1450
5000 5200 5600 5800
1300 1400 1450 1375
------- ------- ------- --------
5050 5300 5650 5725
--------------------------------------------------------
5050 5300 5500 5500
* 4 *4 *4.2 *4.2
********************************************************
20200 21200 23100 23100
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
This was the purchases budget..

Trade receivables...

Jan. feb. march. April
12000. 24000. 25000. 24192
23520. 24500. 24960. 26000
-----------------------------------------------------------
35520. 48500. 49960. 50192
***********************************************************


In did this shit question's part a and b in rough first otherwise i would have messed it up in my fair paper lol..
i completed q1 in 25 min ... Q2 35 min and took aalmost 55 min for this Q3 !!! Wht abt you guys ???

 

[Mkhatri1]

Luckily i have found a rough paper which i took during exams with my statement of entry... lemme post my whole answer here...
It goes as..

JAN. FAB. MAR. APR.
1250 1300 1400 1450
5000 5200 5600 5800
1300 1400 1450 1375
------- ------- ------- --------
5050 5300 5650 5725
--------------------------------------------------------
5050 5300 5500 5500
* 4 *4 *4.2 *4.2
********************************************************
20200 21200 23100 23100
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
This was the purchases budget..

Trade receivables...

Jan. feb. march. April
12000. 24000. 25000. 24192
23520. 24500. 24960. 26000
-----------------------------------------------------------
35520. 48500. 49960. 50192
***********************************************************


In did this shit question's part a and b in rough first otherwise i would have messed it up in my fair paper lol..
i completed q1 in 25 min ... Q2 35 min and took aalmost 55 min for this Q3 !!! Wht abt you guys ???

Yeah It took me more than40 min to complete q3

 

[WayneRooney10]

I took 10mins to complete the trade receivables and payables budgets. Consequently messing it all up! Q2 took me soooooo long.

 

[Jacob Black]

Iam Failing

 

[******]

But tht depends upon the explanation... Thhe comparison would have beencmuch reliable and accurate if you have calculated the interest and salary if not in partnership for three months... Coz you have got figures for onli three months of the partnership... But altogether she is better off is she dusnt joint the business...vbut in the future as profits rise she MAY benefit..

ya even I wrote dat she will be better off if she invest rather dan being in partnership

 

[fahadzaidi96]

H

I took 10mins to complete the trade receivables and payables budgets. Consequently messing it all up! Q2 took me soooooo long.

How was your q1 and how many marks are you expecting honestly ?

 

[WayneRooney10]

H
How was your q1 and how many marks are you expecting honestly ?

In Q1 I'll lose around 8 marks, the theory. Most of my Q2 is, I think, correct EXCEPT for the capital account. :/ So I think I'll lose 10 there? Maybe more. I think I'll get 60/120 atleast + what ever I get in Q3. I have no idea what I'll get in Q3...but I do have a feeling it went horribly wrong. How much are you expecting?

 

[fahadzaidi96]

In Q1 I'll lose around 8 marks, the theory. Most of my Q2 is, I think, correct EXCEPT for the capital account. :/ So I think I'll lose 10 there? Maybe more. I think I'll get 60/120 atleast + what ever I get in Q3. I have no idea what I'll get in Q3...but I do have a feeling it went horribly wrong. How much are you expecting?

I am expecting around 60 1 question max I can earn is 1omarks . Q2 and q3 around 25 marks so max marks that I believe I will get is in range of 60 to 63

 

[fahadzaidi96]

You will easily score A Grade or above I am damn sure about it

 

[WayneRooney10]

You will easily score A Grade or above I am damn sure about it

I hope your words come true man! I hope they do. And man, you never know, you might just get an A as well! If all of the other papers went well...then anything can happen.

 

[fahadzaidi96]

I hope your words come true man! I hope they do. And man, you never know, you might just get an A as well! If all of the other papers went well...then anything can happen.

Nah damn sure my A grade will drop to B for sure

 

[Junaidnaeemir]

Im expecting 78-85 in accounting paper 4. My AS both paper were amazingly good. My AS's A is a pretty high one I'm sure. My paper 3 would be around 25/30. Would this make an A, people?

 

[WayneRooney10]

Nah damn sure my A grade will drop to B for sure

Be optimistic man!

 

[WayneRooney10]

Im expecting 78-85 in accounting paper 4. My AS both paper were amazingly good. My AS's A is a pretty high one I'm sure. My paper 3 would be around 25/30. Would this make an A, people?

Probably an A.