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

[Hammad Suhail]

Job costing? Budget? Telephone bank?
What were the ans?

Job costing - House builder
Budget one i'm still not sure of. It was either C or D.
Telephone bank the reversal one? It was D i think, Telephone 1000 to Bank 1000

 

[SRKfan]

yeah credit controller i guess

not sales ledger analyst??

 

[SRKfan]

BRS one was Credit 550. Pretty sure about that.

i cudnt get any of the options... had to bluff

 

[Lostsoul]

Are you like sure its credit, i feel it was debit

 

[SRKfan]

contribution to sales was 60%
and the first question one was B i think. If X returns goods to Y. That is because when we sold goods to X, entries would be X to Sales, and when he returns goods, the entry would be Sales Returns to X, which means a credit entry in X's account. And that's the correct answer.

i got 40%

 

[Hammad Suhail]

not sales ledger analyst??

Yeap. Credit controller. Quite sure.

i cudnt get any of the options... had to bluff

Yeah i can imagine, BRS mcq's are usually confusing.

 

[Hammad Suhail]

Are you like sure its credit, i feel it was debit

I'm pretty sure it was credit .550 (overdraft)

 

[Hammad Suhail]

i got 40%

I think it's 60%. A similar question appeared in June 2005 P1 Mcq 28. Check it out.

 

[Lostsoul]

Overdraft, then has to be debit yeah..

 

[Lostsoul]

i got 40%

40% you mean A right?

 

[SRKfan]

I'm pretty sure it was credit .550 (overdraft)

did u ignore the bank charges? ok look the bank statement showed an overdraft so -ve + uncredited and -unpresented... but none of the opts

 

[SRKfan]

40% you mean A right?

no A was 25% 40% was B

 

[Lostsoul]

no A was 25% 40% was B

Oops. idk with what calcs i did get 40, but idk why i had to colour A -_-

 

[Hammad Suhail]

Overdraft, then has to be debit yeah..

It was 550 credit in my opinion. Pretty sure. And an overdraft is a credit balance on the cash book/balance sheet. It's only debit when its OD on the Bank Statement

 

[SRKfan]

om

I think it's 60%. A similar question appeared in June 2005 P1 Mcq 28. Check it out.

omg!! its the same question lyk ditto!

 

[Hammad Suhail]

Check out June 2005 Paper 1 MCQ number 28. It's almost the exact same question.

 

[Hammad Suhail]

om
omg!! its the same question lyk ditto!

Told you, and it's answer is 60%

 

[Zhamed]

Such a pity I cannot remember the paper
Age analysis debtor thing - What was the answer? Credit controller or Cashier? :/

Also we got the almost-same question from the past papers.

 

[Hammad Suhail]

Such a pity I cannot remember the paper
Age analysis debtor thing - What was the answer? Credit controller or Cashier? :/

Credit controller man, it's been discussed already like a gazillion times

 

[Zhamed]

Credit controller man, it's been discussed already like a gazillion times

Damn I'm wrong. :/ I've never even learnt about Age analysis thingy.

Aint nobody got time to see the earlier posts