Accounting Paper 22 - Discussions after 24 hours

[Waleed007]

why wuld it be current liabilty current liabilities have to be paid with the financial year ie wiithin 12 mnths wont it be non current \??

It was written before the next years financial statement, so it wud be paid be within 12 months

 

[mania _ manal]

no it was actully written within the next financila year ?

 

[dimebagdarrel0443]

It was good whst was the correct ans to the last q ? Cash budget ?

are you sure that the ans to the last question was c.....cuz i was between tht and option d and i chose d

 

[dimebagdarrel0443]

can anyone give me answer to first question? was it option a or option b??

 

[dimebagdarrel0443]

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!!

 

[:: A^]

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!!

Yes it is D

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!!

B

 

[:: A^]

What if the question was What would not prevent a trial balance from balancing, and ALL of us misinterpreted it.. Mind=Blown!

 

[Omer Iftekhar]

What if the question was What would not prevent a trial balance from balancing, and ALL of us misinterpreted it.. Mind=Blown!

That was C

 

[Omer Iftekhar]

what was the answer for the contra entry in the control account?
was it A or B

 

[Sarah Paul]

what was the answer for the contra entry in the control account?
was it A or B

A

 

[Sarah Paul]

can anyone give me answer to first question? was it option a or option b??

B

 

[Sarah Paul]

are you sure that the ans to the last question was c.....cuz i was between tht and option d and i chose d

C the last three are C

 

[Waleed007]

Yes it is D

B

How come B ?
its D or B

 

[Sarah Paul]

Yes it is D

B

Yes is it B or d?

 

[HDIWAN]

it can never be leasehold answer.....

 

[Omer Iftekhar]

it can never be leasehold answer.....

What would the answer be then?

 

[Waleed007]

what was the answer for the contra entry in the control account?
was it A or B

Purchase ledger Dr
Sales ledger cr
1921 amount I dont eactly remember

 

[Omer Iftekhar]

A

Purchase ledger Dr
Sales ledger cr
1921 amount I dont eactly remember

The answer is A as he said!

 

[Waleed007]

The answer is A as he said!

How can it be A ?
In contra we take lowest amount

 

[Omer Iftekhar]

How can it be A ?
In contra we take lowest amount

Well My answer was B but someone said it was wrong
but i think you take away the small amount from the large amount
then Dr Purchase Control Account n Cr Sales Control Account