Accountings helppppppppp

[lxelle]

Any good accounting tutor here? I really need one.

 

[madoka]

sorry

Any good accounting tutor here? I really need one.

i didnot study accounting
can help in economics

 

[lxelle]

Know any accountings people here?

 

[madoka]

gave me a second

Know any accountings people here?

 

[madoka]

what help u want
may be i can help

 

[lxelle]

really?

 

[madoka]

ya
t

really?

ry na
i am sure i can help

 

[lxelle]

http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w10_qp_12.pdf
Question 5, 11, 16 and 20

 

[madoka]

okey

http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w10_qp_12.pdf
Question 5, 11, 16 and 20

let me try

 

[lxelle]

???

 

[madoka]

w

???

ait

 

[student8]

http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w10_qp_12.pdf
Question 5, 11, 16 and 20

Q5: let credit sales be x
x-x*2%=303800
x=310000
now total credit sales=310000+46000=326000
less payments made by creditore = 326000-310000=16000
answer b
Q11:
margin=gp/sales=0.3
for the month of sept
(sales-cost)/sales =o.3
put cost = 7770
make sales subject nd calculate its value....which is 11110

now for the last 11 months

gp/sales=0.3
(sales-cost)/sales =o.3
put sales= 109340
make cost subject, cost= 76538


then calculate total sales, ie, 1110+109340
nd total cost,ie, 7777+76538
finaalt subtract then to calculate gp, ie, 36135, B

q16.
175+4-35+52-73=123 C

Q20:
bonus issue=150000/3=50000
right issue shares=200000/4=50000 shares ...but share capital will increase by only right issue= 50000 into 1.20=60000

therefor net assets=375000+60000=435000, B

 

[madoka]

thanks

Q5: let credit sales be x
x-x*2%=303800
x=310000
now total credit sales=310000+46000=326000
less payments made by creditore = 326000-310000=16000
answer b
Q11:
margin=gp/sales=0.3
for the month of sept
(sales-cost)/sales =o.3
put cost = 7770
make sales subject nd calculate its value....which is 11110

now for the last 11 months

gp/sales=0.3
(sales-cost)/sales =o.3
put sales= 109340
make cost subject, cost= 76538


then calculate total sales, ie, 1110+109340
nd total cost,ie, 7777+76538
finaalt subtract then to calculate gp, ie, 36135, B

q16.
175+4-35+52-73=123 C

Q20:
bonus issue=150000/3=50000
right issue shares=200000/4=50000 shares ...but share capital will increase by only right issue= 50000 into 1.20=60000

therefor net assets=375000+60000=435000, B

 

[lxelle]

Q5: let credit sales be x
x-x*2%=303800
x=310000
now total credit sales=310000+46000=326000
less payments made by creditore = 326000-310000=16000
answer b
Q11:
margin=gp/sales=0.3
for the month of sept
(sales-cost)/sales =o.3
put cost = 7770
make sales subject nd calculate its value....which is 11110

now for the last 11 months

gp/sales=0.3
(sales-cost)/sales =o.3
put sales= 109340
make cost subject, cost= 76538


then calculate total sales, ie, 1110+109340
nd total cost,ie, 7777+76538
finaalt subtract then to calculate gp, ie, 36135, B

q16.
175+4-35+52-73=123 C

Q20:
bonus issue=150000/3=50000
right issue shares=200000/4=50000 shares ...but share capital will increase by only right issue= 50000 into 1.20=60000

therefor net assets=375000+60000=435000, B

Q16 and Q 5 answers are not as your working. Please check.

 

[student8]

Q16 and Q 5 answers are not as your working. Please check.

i've explained q5 with all possible working, tell me where you got confused?

for q16:
final capital =175000
now we have to subtract items which has increased our initial capital, like profit, cash introduced, nd add those items which has decreased it, like drawings

175-73+52-35+4=123
got it?

 

[lxelle]

Ivegotten it . Thankssss.
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_qp_13.pdf
Question 17 pleaseee

 

[student8]

Ivegotten it . Thankssss.
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_13.pdf
Question 17 pleaseee

you shuld either tag me or quote my reply, unless i wont receive any alert

net assets will only be affected by an issue of shares cuz debentures may increase cash but will proportionally increase liabilities as well
so 50000*(5+15)=1000000 C

 

[lxelle]

you shuld either tag me or quote my reply, unless i wont receive any alert

net assets will only be affected by an issue of shares cuz debentures may increase cash but will proportionally increase liabilities as well
so 50000*(5+15)=1000000 C

Thankssssssss.

 

[student8]

Thankssssssss.

my pleasure

 

[lxelle]

my pleasure

An electricity accrual of $375 was treated as a prepayment in preparing a trader's income profit and loss account. What was the effect on profit?

Answer says overstated of $750 why is that so?