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discount received and bad debts are 400 and 300 respectively....
statement of affairs.. capital is 16380
hannah balance is 192 on debit
i was getting a profit of 11600
depreciation is 200 loss
same!
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discount received and bad debts are 400 and 300 respectively....
statement of affairs.. capital is 16380
hannah balance is 192 on debit
i was getting a profit of 11600
depreciation is 200 loss
total debtors account...
v have to take cash received from debtors, not cash sales...
i made a total debtors account to find the amount of bad debts... idk if its correct...
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 paying
we had to chose lower of cost in both cost per unit and selling price per unit and had to multiply it by selling and distribution costs per unit. i did that my final answer was 21500 or something!
i think thats correct!
Heyy can anyone tell reasons for Depreciation except wear and tear
we didnt have to add all of them.
there were 3 answers to the question
separate answer for each product. product A,B and C
it should not have been included in the expenses.
interest was an expense.
then how did u get the answer 11600?
same!
so did u
include cash received from debtors??
Wait a minute...HOW???... There is no balance B/D... we should just transfer an amount to the income statement...and i got 8050..what about u guys
physical deterioration
economic reasons
items become obsolete
guys i did 1 big mistake.instead of ticking the boxes i rounded the alphabet in the multiple choice..will cie mark it???
i hope inshaAwhy did u do that man? it clearly said to tick! You should have read the question properly!
well. it all depends on the examiner! I think he might give them correct as the paper was already hard... just pray!
what was the net profit?
alhamdulillah yar acha hogaya!
pray for A* inshallah!
aur tum economics de rahay ho?
han lekin ab uske liye parhne ka time nai
we didnt have to add all of them.
there were 3 answers to the question
separate answer for each product. product A,B and C
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