Accounting Paper 3 (9708/32) Discussion and shizz.

[Hammad Suhail]

Yes cash flow was D.

 

[shahz_h]

Okay!
Nd da qustion where u had to choose da IAS it was IAS 10, right? opt D

 

[Hammad Suhail]

Yes IAS 10 it was.

 

[shahz_h]

Okay
Nd i feel dat there were many C's in dis paper
Nt sure though that if m the only 1 who felt it

 

[shahz_h]

Wat was the answr for Q.22? v had to find da value of invntry

 

[foreverusman19]

Wat was the answer for question which asked the starting point when preparing annual budget..

 

[foreverusman19]

I did debit goodwill account bcz there would be negative goodwill.

 

[shahz_h]

Wat was the answer for question which asked the starting point when preparing annual budget..

I did Sales Budget, not sure though

 

[Hammad Suhail]

Wat was the answr for Q.22? v had to find da value of invntry

I don't remember this question. Can you remind me a bit more?
And the annual budget one was Sales Budget.
And debit goodwill is wrong because debiting goodwill means increasing goodwill or positive goodwill

 

[shahz_h]

I don't remember this question. Can you remind me a bit more?
And the annual budget one was Sales Budget.
And debit goodwill is wrong because debiting goodwill means increasing goodwill or positive goodwill

In this v had to find the value of closing inventory on basis of Marginal Costing
I did 540

 

[starlight123]

what was the ans for the one with bonus cost?

 

[shahz_h]

what was the ans for the one with bonus cost?

Cud u tell me what xactly da question was?? i dont remembr it fully
And wat were da options?

 

[starlight123]

the question said that there was an issue of bonus issue i think $200 000 n there was a bonus issue cost of $20 000 n they gave us the ord. share capital balnce, share premium balance and retained earnings balance and we had to show the balances after the issue of bonus share.... i think the options were 1020 000....1040 000... i dnt remember the rest :/

 

[fahadzaidi96]

The answer was limiting factor ... Can you tell me the whole question regarding this annual budget question

 

[shahz_h]

the question said that there was an issue of bonus issue i think $200 000 n there was a bonus issue cost of $20 000 n they gave us the ord. share capital balnce, share premium balance and retained earnings balance and we had to show the balances after the issue of bonus share.... i think the options were 1020 000....1040 000... i dnt remember the rest :/

I did opt B i guess

 

[shahz_h]

The answer was limiting factor ... Can you tell me the whole question regarding this annual budget question

4 which question was the answer limiting factor?
Nd regrding the annual budget question u had to choose which budget is prepared first

 

[starlight123]

I did opt B i guess

i think tht was 1020?

 

[Hammad Suhail]

In this v had to find the value of closing inventory on basis of Marginal Costing
I did 540

540 is right.

 

[shahz_h]

i think tht was 1020?

Okay! but wat i remembr is i didnt chnge the equity amount as it was a bonus issue

 

[Hammad Suhail]

I did opt B i guess

Option A - 1020