accounting paper 22 discussion

[Mohammad Hasham]

can anybody tell me how to prepare the rent and insurance account.....anybody balance sheet got equal??????...... my balance sheet was not equal.......

 

[Sarah Paul]

can anybody tell me how to prepare the rent and insurance account.....anybody balance sheet got equal??????...... my balance sheet was not equal.......

Ooooh rele. Its k dont worry. Shall we discuss it after 24 hours or else we shall be banned. If u want to know it very badly pm me

 

[Unknown :)]

My Net Profit was 18.. Something. I think 1831.

 

[zainab fahim]

can anybody tell me how to prepare the rent and insurance account.....anybody balance sheet got equal??????...... my balance sheet was not equal.......

it did balance!it was an easy paper ryt

 

[Unknown :)]

Balancing figure was 53... something.

 

[zainab fahim]

Balancing figure was 53... something.[/quote
noo ryt?it was 52 sumthing?

 

[Sarah Paul]

Hey lets discus it tomoro or else wel be banned

 

[Iishrak]

our exam is finished, lets get banned

 

[Sarah Paul]

LOL im having a paper tomarow and i need to cum on xpc coz ive got many friends here

 

[Iishrak]

LOL im having a paper tomarow and i need to cum on xpc coz ive got many friends here

oh best of luck, i dont care of getting banned now, so if i get banned '' it was nice knowing you''

 

[Sarah Paul]

LO

oh best of luck, i dont care of getting banned now, so if i get banned '' it was nice knowing you''

LOL yeah u too Ur crazy

 

[happyperson]

After 24 hours please clear these queries:
1) How was insurance and rent account to be made?
2) What was to be done in the first question, journal one about capital, how was its value taken?
3) In that question about journal entries, first three were suspense account credit and last was debit. Right?
4) What was net profit and what was the balance on balance sheet?
5) Lastly, tell me about that suspense account? It was having balance b/d on debit side as 926 right?

 

[Mohammad Hasham]

our exam is finished, lets get banned

tell me how to treat insurance and rent account.....

 

[Iishrak]

tell me how to treat insurance and rent account.....

look the insurance was given prepaid / so its an asset/ so opening balance was on debit prepaid b/d ... it said xxxx was paid which included xxx for whatever that was it was it should become prepaid c/d at the end , and bank was put on the debit side with that xxxx amount, and on the credit side the amount to be transferred was found on credit side.

and forgot abt the rent one

 

[Muhammad Bhikhu]

what else was hard?

 

[Sarah Paul]

For me of course suspense

 

[zainab fahim]

hmmm!!i'm jst worried about my balance sheet cuz everyone got different balances!!

 

[happyperson]

What was to be done in the first question, journal one about capital, how was its value taken?
In that question about journal entries, first three were suspense account credit and last was debit. Right?​

What was net profit and what was the balance on balance sheet?
Lastly, tell me about that suspense account? It was having balance b/d on debit side as 926 right?​

 

[Unknown :)]

What was to be done in the first question, journal one about capital, how was its value taken?
In that question about journal entries, first three were suspense account credit and last was debit. Right?​

What was net profit and what was the balance on balance sheet?
Lastly, tell me about that suspense account? It was having balance b/d on debit side as 926 right?​

Not on debit side rather credit side.

 

[happyperson]

Not on debit side rather credit side.

And what about the suspense account, the first three entires were credit and last was debit, right?