accounts p2...!!1

[sundalwahid]

gys any guess for acc p2 ..??
plxx i need help..??

 

[SalmanPakRocks]

Which topic?

 

[sundalwahid]

all..
m stupid .. i didnt did acc in o level n now m doing it in a level ..

 

[Amina Khalid]

Sa

all..
m stupid .. i didnt did acc in o level n now m doing it in a level ..

Same here! Ive taken acc in a levels n now im really confused!
As it seems like i dont know anything!

 

[SalmanPakRocks]

Account isn't theory, though you need to know the concepts, but it's more practice work, just like Maths. Ask me any past paper question you feel doubt at. I can't explain the whole accounting in here.

 

[ariesfun]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s06_qp_2.pdf

Frm this paper 1a. How much is final preference dividend??

 

[sundalwahid]

Sa
Same here! Ive taken acc in a levels n now im really confused!
As it seems like i dont know anything!

heheh yea .. chalo dats good i got one of my kind
btw r u giving it privateli .??

 

[sundalwahid]

Account isn't theory, though you need to know the concepts, but it's more practice work, just like Maths. Ask me any past paper question you feel doubt at. I can't explain the whole accounting in here.

hmm thanks yr ... can u explain me evey thing abt issuance chapter...

 

[SalmanPakRocks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s06_qp_2.pdf

Frm this paper 1a. How much is final preference dividend??

$150,000 is to be paid to ordinary share holders while for preferance, you've to pay; $14000
That was easy.

 

[SalmanPakRocks]

hmm thanks yr ... can u explain me evey thing abt issuance chapter...

Issuance? :S

 

[sundalwahid]

sorry .. i meant every thing about shares ..

 

[ariesfun]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w08_qp_2.pdf

Q NO 1 HW TO CALCULATE NET PROFIT

 

[SalmanPakRocks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w08_qp_2.pdf

Q NO 1 HW TO CALCULATE NET PROFIT

Use the Capital equation
Closing capital = Opening Capital - Drawings + Additional investments + net profit.
Re-arrange it and you'll get the net profit.

 

[SalmanPakRocks]

sorry .. i meant every thing about shares ..

There are 2 kinds of shares:
Preference Share and Ordinary Share, Ordinary share holders are the owner of the company, they get a chance to vote in Annual general meeting, while preference share holders are entiled to a certain amount of dividend, though ordinary share holders don't get paid dividend on a fixed rate but it depends upon the profit of the company.
Shares many be redeemable or non-redeemable, but that's only the case with preference shares. Reedemable shares are issued back to the company are a certain time, while non-reedemable are kept until the company dissolves.
Shares have a nominal value called 'par'. They can be issued above the par value and below the par value. But in CIE AS level, only above the par is mentioned. When shares are issued above the par, they are basically issued at premium. For example: If a share is of $1 and it is issued at $1.5 then the extra $0.5 is the share premium. Accounting entry for these are:
Bank 1.50 DR
Share capital 1 CR
Share premium 0.5 CR

 

[ariesfun]

Use the Capital equation
Closing capital = Opening Capital - Drawings + Additional investments + net profit.
Re-arrange it and you'll get the net profit.

could u do this some nd send it to me

 

[SalmanPakRocks]

I didn't have time to scan my working or to solve the entire part, I did it for 2006, I hope you get it, do like this for 2007 and 2008

 

[ariesfun]

I didn't have time to scan my working or to solve the entire part, I did it for 2006, I hope you get it, do like this for 2007 and 2008

THX A LOT but hw much will be the opening capital for 2007???

 

[amorn]

Bro, how do u do OCT/NOV 2012 paper 22 question 3B. How do u calculate fixed asset for Aloe.. Thankyou

 

[ariesfun]

Bro, how do u do OCT/NOV 2012 paper 22 question 3B. How do u calculate fixed asset for Aloe.. Thankyou

same question hw do v calculate fc

 

[SalmanPakRocks]

Bro, how do u do OCT/NOV 2012 paper 22 question 3B. How do u calculate fixed asset for Aloe.. Thankyou

Provide me with the link!