Accountings helppppppppp

[lxelle]

Is this about accounting olevel? or Alevel?

CIE A LEVEL.

 

[lxelle]

i)It will contradict the accounting principle of consistency..
ii) It will make difficult for comparisons: with our own business from the previous year OR with other businesses of similar type.!!

Woots, thanks!
1. Three reasons why a business cannot normal,y use the latest selling price of its products to value the inventory.
2. 3 accounting principles that govern the valuation of inventory at cost and not at selling price.

 

[Kushal lodha 5336]

Woots, thanks!
1. Three reasons why a business cannot normal,y use the latest selling price of its products to value the inventory.
2. 3 accounting principles that govern the valuation of inventory at cost and not at selling price.

Not sure bout the 1st one...
2. i) Prudence
ii) Matching
iii) Consistency

 

[Kushal lodha 5336]

All the best guyzzz....!! (Y)
For the ones whose Accounting paper is on 22nd October (P2)

 

[lxelle]

27th Oct you mean? All the best!

All the best guyzzz....!! (Y)
For the ones whose Accounting paper is on 22nd October (P2)

 

[Kushal lodha 5336]

27th Oct you mean? All the best!

Ohhhhhh shitttt..
I'm sooo sorry..
I got confused with the Eco structured

 

[Kushal lodha 5336]

When do we add the closing balance of cash and cash equivalents and deduct the opeing balance while calculating the total sales for the year ended?

 

[Amez]

hi does anyone know a short method for AVCO of stock valuation.# desperate

 

[Kushal lodha 5336]

hi does anyone know a short method for AVCO of stock valuation.# desperate

It's not gonna come in the exam so don't worry..

 

[Amez]

ok .. i hope so

 

[Kushal lodha 5336]

ok .. i hope so

Your exam is not done?
Which variant u giving?

 

[Amez]

21

 

[Kushal lodha 5336]

21

Ohhh i thot u also giving 22
Coz in 22, there was partnership, manufacturing account and apportionment of overheads

 

[Amez]

nopes i had correction of profits n reconciliation, partnership and absorption costing

 

[Kushal lodha 5336]

nopes i had correction of profits n reconciliation, partnership and absorption costing

Okay... (Y)
So how was ur paper?

 

[Amez]

it was ok.. not too hard not too easy... n yours

 

[Kushal lodha 5336]

it was ok.. not too hard not too easy... n yours

Same.!!

 

[B!(+)(+)dy $k(_)!!]

Okay... So it was not possible for me to change my user name, so I have logged in from a different account.
So this is my doubt please solve this one..!

 

[Amez]

is the answer C

 

[B!(+)(+)dy $k(_)!!]

is the answer C

Yupp... Please explain...