Accounting Paper 22 - Discussions after 24 hours

[Emadthegreat]

transposition error is when the amount written like 43000 is written as 34000
this will effect trial balance if u shift the amount 43000 to trial balance as 34000 2 mcqs came before too thats y u open a suspense account in trial balance idiot

I chcked google it says tranposition errors donot affect the trial balance :/

 

[Waleed007]

Basically everything.. :/

Can ypu tell what was the total fixed cost ?
Was it C 168000?
D was 210000 right ?

 

[Emadthegreat]

i thi

can anyone give me the answer to partnership question??share of profit...should we add the salary and interest on profit to y's share of profit....if thats the case then option d should be the answer but if it not then m doomed!!

nk d but i did A

 

[Emadthegreat]

accordin to u guys i got 2 wrong

 

[Emadthegreat]

now i wont get the world distinction

 

[:: A^]

transposition error is when the amount written like 43000 is written as 34000
this will effect trial balance if u shift the amount 43000 to trial balance as 34000 2 mcqs came before too thats y u open a suspense account in trial balance idiot

So you put transposition?

 

[:: A^]

yea it was.

Can ypu tell what was the total fixed cost ?
Was it C 168000?
D was 210000 right ?

 

[Emadthegreat]

So you put transposition?

why would i put transpostion? options were A,B,C,D
SO THERE WAS NO CHANCE FOR AN OPTION NAMED TRANSPOSITION!!
JK yeah

 

[dimebagdarrel0443]

accordin to u guys i got 2 wrong

u can still get an A u gave 28 answers correctly

 

[Emadthegreat]

u can still get an A u gave 28 answers correctly

2 wrong by discussing here
not all answers i remember and not all questions were discussed here.

 

[HDIWAN]

What would the answer be then?

leashold means on rent it will not be shown as the assest in the first place. if it was in hire purchase it would have been the answer. so my was machine subject to rust

 

[Emadthegreat]

leashold means on rent it will not be shown as the assest in the first place. if it was in hire purchase it would have been the answer. so my was machine subject to rust

i thought the same
what about coal mine?

 

[:: A^]

MY work here is done LOL

 

[Emadthegreat]

MY work here is done LOL

how many right?

 

[:: A^]

how many right?

not sure.. like you said, cant remember all the questions

 

[HDIWAN]

i thought the same
what about coal mine?

don't know but it said passage of time while mine was dependent on extraction and such assets depreciation is not used....it is depletion of resource.

 

[Muhammad Bhikhu]

guys foget this paper..it only takes up 30% of AS.we cant cry over spilt milk..we all need to concentrate on paper 2...what topics do you guys think we need to concentrate on mostly for paper 2?

 

[Emadthegreat]

guys foget this paper..it only takes up 30% of AS.we cant cry over spilt milk..we all need to concentrate on paper 2...what topics do you guys think we need to concentrate on mostly for paper 2?

this year i sense upsets in the paper with no Q3 based on costing thing!!!
Ratios will not come either.
Q1. Manufacturing Account (full question)
Q2. Club Accounts
Q3. Suspense Account and/or Control Account

 

[dimebagdarrel0443]

i thought the same
what about coal mine?

coal mine is correct....constant usage followed by passage of time will eventually lead to its extinction

 

[dimebagdarrel0443]

this year i sense upsets in the paper with no Q3 based on costing thing!!!
Ratios will not come either.
Q1. Manufacturing Account (full question)
Q2. Club Accounts
Q3. Suspense Account and/or Control Account

what about depreciation?