accounts p2...!!1

[sundalwahid]

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

thank you sooo much salman ..
umm i need more help in the costing chapter,...

 

[Amina Khalid]

N

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

No not privately.
Haha yeah same here one of my kind.

 

[sundalwahid]

N
No not privately.
Haha yeah same here one of my kind.

 

[Amina Khalid]

What about you sundal?

 

[sundalwahid]

hmm yea m doing it privately ..
ok n ur doing it from ..??

 

[sundalwahid]

What about you sundal?

hmm yea m doing it privately ..
ok n ur doing it from ..??

 

[ariesfun]

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

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s06_qp_2.pdf hw is dividends due 156000??

 

[amorn]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w10_qp_22.pdf
Question 1D how do u get the bank amount of 31332 in the balance sheet as per the marking scheme.

 

[Zhamed]

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

That would be the closing capital of 2006.
For example:
Closing capital at ....2006 = $50000
Opening capital at ..2007 = $50000

 

[Zhamed]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_22.pdf
Question 1D how do u get the bank amount of 31332 in the balance sheet as per the marking scheme.

Bank Account RECEIPTS total - Bank Account PAYMENTS total.
$207,100 - $179,768 = $27,332
They have already given the balances above. See:
'Cash and cash equivalents (bank)' = $4,000

Therefore, $27,332 + $4,000 = $31,332

Hope you understood.

 

[Zhamed]

This is Paper 2 right? Will there be any questions from Company Accounts? Weird because I didn't see any questions from the component /22 past papers (2008 - 2012). :/ Correct me if I'm wrong.

I need help with Costing.
Whenever I just see a question related to that, I feel like skipping them most of the time.
Just if anyone could point out the basics in it. Especially with over/under absorption thingy. How it is examined on the paper(s) and so on. Please

 

[Enigma1O1]

Hi..please can anyone help me with question 3 part D of november 2012? How did we get (163900) as FOH under absorbed? I've done till total profit however 163900 is not coming ..
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w12_ms_22.pdf
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w12_qp_22.pdf

 

[ariesfun]

any guess papers

 

[SalmanPakRocks]

Hi..please can anyone help me with question 3 part D of november 2012? How did we get (163900) as FOH under absorbed? I've done till total profit however 163900 is not coming ..
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w12_ms_22.pdf
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w12_qp_22.pdf

The total labour hour after the hazel shampoo is closed down would be 29700
This would be as the production would increase by 10% for both the other shampoo's bringing it to
132000 for A and
66000 for P
This gives us the total labour hour of 29700 x 13 = $386100
Deduct it with the Fixed cost, that is $550,000 - 386100 = $163900

 

[Amina Khalid]

This is Paper 2 right? Will there be any questions from Company Accounts? Weird because I didn't see any questions from the component /22 past papers (2008 - 2012). :/ Correct me if I'm wrong.

I need help with Costing.
Whenever I just see a question related to that, I feel like skipping them most of the time.
Just if anyone could point out the basics in it. Especially with over/under absorption thingy. How it is examined on the paper(s) and so on. Please

1) If Your actual overheads are more than the absorption (OAR * actual activity level) then overheads are under absorbed.
2) under absorbed overheads are added in the absorption profit statement to calculate gross profit.

3) If actual overheads are less than the absorption (OAR * actual activity level) then overheads are over absorbed.
4) over absorbed overheads are subtracted from absorption profit statement to find gross profit.

Mostly in exam they ask u to calculate n tell whether overheads are over or under absorbed.
N they ask u the effect over or under absorbed overheads have.

Hope it helped u understand.

 

[Zhamed]

1) If Your actual overheads are more than the absorption (OAR * actual activity level) then overheads are under absorbed.
2) under absorbed overheads are added in the absorption profit statement to calculate gross profit.

3) If actual overheads are less than the absorption (OAR * actual activity level) then overheads are over absorbed.
4) over absorbed overheads are subtracted from absorption profit statement to find gross profit.

Mostly in exam they ask u to calculate n tell whether overheads are over or under absorbed.
N they ask u the effect over or under absorbed overheads have.

Hope it helped u understand.

I think I understood something. Thank you