- Messages
- 58
- Reaction score
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it was a very hard paper i think compared to other paper 1's
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Accounts paper 11 done
- Thread starter Muhammad Bhikhu
- Start date
- Messages
- 123
- Reaction score
- 37
- Points
- 28
Ya I agree never expected such a hard paper 11. Can v discuss the answers? What did u get as net profit in the income statement? Do u remember the amount of bad debts and discount received in in income statement sum? What is the capital in the statement of affairs? And stock valuation sum was also tricky ... How did u do it? Overall it was rly hard compared to the previous years!!!!
- Messages
- 299
- Reaction score
- 106
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- 53
yea especially the last question!
- Messages
- 186
- Reaction score
- 967
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- 103
The exam was tough. Guys I the MCQ what did you do for the insurance. Accrued or prepaid? Plus what was the amount of bad debts $8700?
- Messages
- 299
- Reaction score
- 106
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- 53
yea same here.
- Messages
- 299
- Reaction score
- 106
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- 53
prepaid
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- 186
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- 967
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- 103
I don't remember. How did you calculate the bad debts?
- Messages
- 299
- Reaction score
- 106
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Accounts receivable account
are you sure? :/
- Messages
- 49
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It was so horrible. Thats it. God is testing me. First Maths paper 4 and now this. :')
I mean, I did so many past papers and non of the papers were so hard! And that last question.
People who made the paper,
I mean, I did so many past papers and non of the papers were so hard! And that last question.
People who made the paper,
- Messages
- 123
- Reaction score
- 37
- Points
- 28
How can bad debt be 300???
E
EXACTLYYYYY!!!It was so horrible. Thats it. God is testing me. First Maths paper 4 and now this. :')
I mean, I did so many past papers and non of the papers were so hard! And that last question.
People who made the paper,
- Messages
- 123
- Reaction score
- 37
- Points
- 28
God is nt only test
It was so horrible. Thats it. God is testing me. First Maths paper 4 and now this. :')
I mean, I did so many past papers and non of the papers were so hard! And that last question.
People who made the paper,
[/quotest god is nt only testing u... Even I practiced a lot but this paper was way too hard!!!!
- Messages
- 49
- Reaction score
- 61
- Points
- 28
Maaan. *Sigh* I just hope paper 2 is easy, otherwise...
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It was very tricky I got 8700 and 6200 for bad debts and discount but i think i flunked that. How did you deal with the 10000 dollar loan repaid every year? And did you subtract selling costs from the selling price for the stock valuation?
I got 8700 and 6200 for bad debts and discount but i think i flunked that. How did you deal with the 10000 dollar loan repaid every year? And did you subtract selling costs from the selling price for the stock valuation?It was very tricky
Did you subtract the old debtors?