Accounts problem! Reply urgent!

[doctormani]

Accounts :
June 2001 paper 2 q3b
Just tell me that what will be discount allowed for credit sales!
Thanks

 

[The nerdy 1]

Accounts :
June 2001 paper 2 q3b
Just tell me that what will be discount allowed for credit sales!
Thanks

do u have the paper i can help you out if you post the paper as an attachment

 

[doctormani]

paper is not available on net! btw i got the ans thnx

 

[Mohamudally Parweez]

Discount allowed for credit sales will be $420. You just need to take 1 1/2% *28000. Ok, In your profit and loss account discount allowed will be $2100. That is credit sales for discount allowed $420 Add cash sales for discount allowed $1680 (1 1/2% * 112000).

 

[MONJUR HASAN NISHAD]

Accounts :
June 2001 paper 2 q3b
Just tell me that what will be discount allowed for credit sales!
Thanks

Can you please upload or give me any link from where I can download accounting past papers before 2002?

 

[doctormani]

Can you please upload or give me any link from where I can download accounting past papers before 2002?

there is no such site.. Unsolved and solved past papers are availbale at book stalls so I bought from there

 

[Mess]

can anyone provide me a link for accounting june 2001 p3...I badly need the mark scheme.
If you don't have it online then can you please tell me the answer for Question 1 (Manufacturing account)?

 

[Mohamudally Parweez]

can anyone provide me a link for accounting 1265.2001 p3...I badly need the mark scheme.
If you don't have it online then can you please tell me the answer for Question 1 (Manufacturing account)?

Cost of production 2500.
Transfer price of goods to trading account 3000.
Gross profit 1265.2
Then add realised profit 472.8
Net profit 941
Retained profit for the year 955.
Fixed assets total 2018
Current asset total 1764
Current liabilities total 245, you should add include dividend payable on ordinary and preference .
Share capital and reserve total 3237
Long term liabilities total 300.
Balancing figure 3537
Best of luck my friend

 

[Mess]

Thank you Thank you Thank you Thank you Thank you Thank you Thank you Thank you Thank you Thank you Thank you....