AS ACCOUNTING P12.... howd it go??

[mrmt]

I hope this resolves the issue regarding Qs 4.
And regarding qs 13, although I marked it as A myself. I noticed it is "debited in the Income Statement" not credited as it should be. So NP should be overstated.

no.. it SHOULD BE DEBITED ... ITS AN EXP..

 

[WayneRooney10]

as far as i can remember now these were my answers
i know my # 22 and # 30 are incorrect
other answers:
1.B
2.D
3.A
4.A
5.D
6.C
7.C
8.C
9.B
10.D
11.D
12.D
13.A
14.D
15.C
16.C
17.C
18.A
19.D
20.C
21.C
22.C
23.A
24.C
25.B
26.D
27.C
28.D
29.C
30.D

23 is C.

 

[Hammad Suhail]

23 is C.

i'm pretty sure that's a repeated question and it's A

 

[mrmt]

i'm pretty sure that's a repeated question and it's A

no it IS C..
170000- 150000= 2oooo wich is net current assets
c.a. = 20000+ 5000= 25000
ratio= 5:1

 

[Hammad Suhail]

crap ._.

 

[SalmanPakRocks]

23 is C, I wrote B first but then I selected C

 

[3fatak]

17 is D.

 

[SalmanPakRocks]

17 is D.

What was the question?

 

[Hammad Suhail]

yes it's D. i mistakenly wrote C in my answers above. Currents assets and Owners capital both would increase by 30.

 

[3fatak]

and are

yes it's D. i mistakenly wrote C in my answers above. Currents assets and Owners capital both would increase by 30.

and are u sure about 4?
is 30 C?

 

[Hammad Suhail]

yeah im pretty sure about 4 and no 30 is B i think..i got it wrong myself

 

[SalmanPakRocks]

yeah im pretty sure about 4 and no 30 is B i think..i got it wrong myself

30 was C, right? June June, cash budget? :S

 

[Hammad Suhail]

June, June is B

 

[Hammad Suhail]

Btw, does anyone know of a Capital Reduction/Reconstruction account to practice? Apart from the one that came in November 2006. Any help here would be much appreciated.

 

[Lostsoul]

crap ._.

Doomed aswell 0.O

 

[mrmt]

yeah im pretty sure about 4 and no 30 is B i think..i got it wrong myself

4 is B.. REPEATED QS..

 

[Hammad Suhail]

nooo how is that repeated?

 

[Martynapaul]

Hey if i mess up MCQ's (which i did) and did P2 well... what are the grades i can get? btw How was accounts paper2? I found it bit easy but question 2 confused me a bit! Was your Capital 106000 or something else?

 

[abbey789]

Anyone gave paper 32 today?

 

[rizwan abdul razzak]

how was the overall paper??

Was Good. WBU??