Accounting Paper1 2013

[Farah14]

How was the paper? I want to discuss some of the MCQ's like 4th which was about error. What was the answer credit note,debit note,receipt,statement of account?

 

[Sarah Paul]

it was debit note and the paper was good

 

[SamiaSaad]

Paper was great

 

[Farah14]

Debit note? But how debit note is given when we return goods.

 

[Sarah Paul]

Dat is coz the customer gave it na. and wen i did a similar pastpaper question da answer was debit note

 

[Farah14]

Oppsss. Then mine is wrong :/

 

[Sarah Paul]

Oppsss. Then mine is wrong :/

Dont worry men u wud have done the other 29 questions correctly

 

[Farah14]

Dont worry men u wud have done the other 29 questions correctly

Maybe. Let's hope for the best :')

 

[Lostsoul]

I didnt find the paper too nice. There weren't too many calculations like acid test ratios and current and collection periods, loads of theory..

 

[Sarah Paul]

I didnt find the paper too nice. There weren't too many calculations like acid test ratios and current and collection periods, loads of theory..

rele too bad but den i think thinking was necessary. ya i noe less workings dis tym

 

[Lostsoul]

rele too bad but den i think thinking was necessary. ya i noe less workings dis tym

There you go. If there were more calcs then the paper would prolly be nice-r.. Nvm, lets hope for the GT to be low, damn low
#I made blunders in p2 aswell

 

[Sarah Paul]

p2 u finished it? but isnt it on the 11th of june?

 

[Lostsoul]

It was on 16th May..

 

[Waleed007]

Its o level accounts

 

[Sarah Paul]

It was on 16th May..

rele are u doing IGCSE?

 

[Lostsoul]

AS Level oops, maybe I am in the wrong thread

 

[Cryptids]

What answers did you guys wrote for the stock valuation question ?

 

[Farah14]

What answers did you guys wrote for the stock valuation question ?

I just multiplied the value with the number of units but i heard that it is wrong

 

[Cryptids]

I just multiplied the value with the number of units but i heard that it is wrong

Yea I did the same at first but then I applied the stock valuation method i.e recorded at NRV or lower of cost !

 

[Saifyyy]

I think stock revaluation was 54600. What you guys wrote ?