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Accounting P42 POLL (+Discussion after 24hrs)

How much do you think you'll get? Out of 120.

  • 100+

    Votes: 4 12.1%

  • 85-100

    Votes: 8 24.2%

  • 70-85

    Votes: 6 18.2%

  • 55-70

    Votes: 11 33.3%

  • <55

    Votes: 4 12.1%
  • Total voters
    33
K

kitty18

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could anyone just estimate my grade for me....i got A's in both components of As and my paper 3 was 100% but screwed up yesterday's paper....m expecting something between 78-85 so...
 
N

Nafee Papers

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what was the value per ordinary share after scheme of capital reduction? i got 480/1200=0.4 ,and what was the example for non adjusting event? i gave the investments thing, and what were the three items that are to be included in Director's report? i gave goodwill, impairment and fall in nominal value of shares
 
Meet savani

Meet savani

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Nafee Papers said:
what was the value per ordinary share after scheme of capital reduction? i got 480/1200=0.4 ,and what was the example for non adjusting event? i gave the investments thing, and what were the three items that are to be included in Director's report? i gave goodwill, impairment and fall in nominal value of shares
Click to expand...

Yes i got the same
Ans a) was 0.65
B) capital reduction by 300K
C) net assets is 480K
D) 0.4
E) theory
F) theory ... See the IAS booklet for the answer you will gt iitt
 
Meet savani

Meet savani

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For jan nd feb i think i got 5050 and 5300 respectively and for march and april i did 5500 in both .... And then multiply by the purchase price accordingly... I dnt think its correct but was totally unconfident for tht part of the question.

Dor trade receivables budget it was easy onli... No confusion.. Jan around 35520 then Feb 48500 march 49960 april 50192

And for trade payables we will get OF marks onli sooo ....

Balance sheet of April
CA will be 55100 (100 % sure )

CL 5500*4.2= 23100 ( as per you figure in part A) hence OF marks here too will be given as per the MS...

For part C)
I have a doubt... (i) i jus did the debtors figure 55100 less the given var costs and fixed costs.. I think it was around 13500 and divided it by the debtors figure.. And hence got 24.50% ...
(ii) (100- 24.5)* selling price = X it was 7. Something
(iii) i left...

But some of my classmates did 13500/VC *100.. One friend told he got in 50s...
 
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