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Can anyone discuss the stock valuation thing????
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exactly! balance of last year had to be taken! i did that and got 400 and 300. and yes i did include loan payment as expense because we are payingexactly that what i did b4 but we had to take balance b/d from previous year 2011 (given on 1st page of Q6.) as well, thats what most people missed, it was $600
and same with that discount received, it was $300
if some one did these mistakes then these will also be carried onto Income Statement part :/ and btw that loan repayment was not to be considered in Income Statement...
I hope that helped..
Pray For My Results :/
Thanx
Sufiyan
discount received 300??? HOOOOOW???exactly that what i did b4 but we had to take balance b/d from previous year 2011 (given on 1st page of Q6.) as well, thats what most people missed, it was $600
and same with that discount received, it was $300
if some one did these mistakes then these will also be carried onto Income Statement part :/ and btw that loan repayment was not to be considered in Income Statement...
I hope that helped..
Pray For My Results :/
Thanx
Sufiyan
it is not an interest on loan you just repay the amount you borrowedexactly! balance of last year had to be taken! i did that and got 400 and 300. and yes i did include loan payment as expense because we are paying
Can anyone discuss the stock valuation thing????
it is not an interest on loan you just repay the amount you borrowed
what was the profit share in the MCQ?
can u explain me how u did it??And why cant it be ?
WhAt about the manufacturing account thing ?
you'll add the accrued thing right ?
and the legal costs of premises is a capital expenditure ?
include cash received from debtors??yes we had to make debtors acc to get bad debts and creditors acc to get discount received
how
discount received 300??? HOOOOOW???
What did you get for stock valuation ?
did u add those expenses to the cost ? Or - the selling price ?
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