Accounts paper 11 done

[L-Girl]

is there any chance of depreciation coming tomorrow?

 

[uzair shahid]

oye uzair inventory galat hai!
we had to minus distribution cost from selling price and then had to compare this with cost!

kis ne kaha?

 

[mak kings]

hmm that is called NRV !!!

kis ne kaha?

 

[uzair shahid]

hmm that is called NRV !!!

phat gai meri. -_-
shyt!

 

[Ebby_SaLeem]

phat gai meri. -_-
shyt!

it was written in my book! read it after giving the exam
HAHAHAHAHA to kya hua? mainay to multiply kia tha! xD
Khair hai own figure ka 1 mark hota hai dont worry!

 

[Ebby_SaLeem]

is there any chance of depreciation coming tomorrow?

hope not!

 

[Eman Tasneem]

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

I dont remember this question.
Do you remember the exact question of this insurance shit?
And yeah running costs had to be taken into manufacturing account or not? :S

 

[Sufiyancs]

I dont remember this question.
Do you remember the exact question of this insurance shit?
And yeah running costs had to be taken into manufacturing account or not? :S

i dont exactly remember this question but running costs which are factory related has to be taken in manufacturing a/c

 

[Ebby_SaLeem]

I dont remember this question.
Do you remember the exact question of this insurance shit?
And yeah running costs had to be taken into manufacturing account or not? :S

what manufacturing account? we didnt have to make any manufacturing account!!!

 

[Eman Tasneem]

what manufacturing account? we didnt have to make any manufacturing account!!!

Uh nevermind. I meant trading account.

 

[Ebby_SaLeem]

Uh nevermind. I meant trading account.

they weren't any running costs were they? :S
we just had to add cost of production to purchases of finished goods and had to subtract closing stock of finished goods... they weren't any running costs as far as i remember

 

[Eman Tasneem]

they weren't any running costs were they? :S
we just had to add cost of production to purchases of finished goods and had to subtract closing stock of finished goods... they weren't any running costs as far as i remember

Oh those running costs were somewhere else. I dont remember!

 

[Ebby_SaLeem]

Oh those running costs were somewhere else. I dont remember!

lol who cares now really.. the paper was over ages ago!

 

[Eman Tasneem]

LOLLL but still I am desperate to know the answers and I want to see my paper so freakinn bad!