Accounting Paper 32..How did it go?

[Deadpunk.mr]

Try not to discuss anything about the paper and what do you think the GT will be? I think Around 23-24

 

[3fatak]

yh i think gt will be 24-26

 

[:: A^]

25 plus.. I guess the paper was comparatively straight-forward.

 

[SRKfan]

yea was good Alhamdulillah

 

[unkidd]

found the paper a little tricky. will be losing up to 10 marks due to silly mistakes. Curse you maths

 

[sycho cj]

hey for q1 in p3 the answer was b

 

[3fatak]

hey for q1 in p3 the answer was b

not supposed to post answers before 24 hours of the exam

 

[sycho cj]

nothing will happen man

 

[-V!p3R-]

Thanks God It was easy ! GT 26-27

 

[mania _ manal]

Here are some of my ans let me knw if they r correct ! The accounting policy q i wrote going concern concept ? The q with no of units finished i choose 900 ? The last q arr i did 500000? The value for wip i fid b 1350 something? Q1 b ?

 

[:: A^]

Here are some of my ans let me knw if they r correct ! The accounting policy q i wrote going concern concept ? The q with no of units finished i choose 900 ? The last q arr i did 500000? The value for wip i fid b 1350 something? Q1 b ?

all right.. except the policy was straight line dep.

 

[mania _ manal]

Why not going concern ? And what about the q where the debenture are redmmed they r debited to share premium rite ? And the cash budget it was A 114000 maybe ? And umm the profit from operations it was 62000?

 

[:: A^]

Why not going concern ? And what about the q where the debenture are redmmed they r debited to share premium rite ? And the cash budget it was A 114000 maybe ? And umm the profit from operations it was 62000?

Profit from operation was 62000 yeah..

It wasnt going concern because, an accounting policy is something that is undertaken by an entity. If you had noticed the other three options were accounting principles whereas straaight line depreciation is something which a firm decides. I asked my teacher and its in my notes too.. so yeah!
Cash budget was 114 yeah..
And debenture was also right!

 

[ariesfun]

What abt unrealised profit?

 

[mania _ manal]

Ohh

Profit from operation was 62000 yeah..

It wasnt going concern because, an accounting policy is something that is undertaken by an entity. If you had noticed the other three options were accounting principles whereas straaight line depreciation is something which a firm decides. I asked my teacher and its in my notes too.. so yeah!
Cash budget was 114 yeah..
And debenture was also right!

thats definetly correct what u said ! U choose straightline ?

 

[mania _ manal]

What abt unrealised profit?

I think it was $400 cr :/

 

[sycho cj]

guyz i ahve a problem if u dont shade your candidate number correctly in mcq shee will computer check your paper

 

[razahayat777]

$400 DR, because the provision was increasing

 

[SalmanPakRocks]

all right.. except the policy was straight line dep.

It was going concern? I'd still confirm it because I discussed the paper with my Sir and he told me I did it correct because for B, we had to assume that accounting policy was to remain the same, that is consistency concept was being applied, however the fact that revaluation of assets, provision for doubtful debts changing according to time and some other concepts he named which I forgot were being overlooked.

 

[SalmanPakRocks]

nothing will happen man

It would have happened if you had revealed the content of the paper last night.