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

[Hammad Suhail]

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

Aint nobody got time to see the earlier posts

It was a repeated question my friend
and yes, true that

 

[amandeep04]

Im still confused on the dividend question. Wasnt it $1.20? does anyone have the question paper, i mean were allowed to get a copy of a paper 24 hours after the exam, right?

 

[Lostsoul]

That partnership and goodwill. z brought 40000 and goodwill was 66000? What was the answer?

 

[amandeep04]

That partnership and goodwill. z brought 40000 and goodwill was 66000? What was the answer?

What were the options again?

 

[Lostsoul]

i aint sure, 18000 credit, 22000 debit, 22000 credit, and 40000 credit

 

[SRKfan]

i aint sure, 18000 credit, 22000 debit, 22000 credit, and 40000 credit

i think it was 2200o credit...

 

[perfect1]

i think it was 2200o credit...

Yup, same for me aswell

 

[Waleed007]

i aint sure, 18000 credit, 22000 debit, 22000 credit, and 40000 credit

22000 credit

 

[Lostsoul]

i got a. Because cr,40000 then dr.22ooo which gives cr 18000

 

[Narcotic]

i aint sure, 18000 credit, 22000 debit, 22000 credit, and 40000 credit

i got 22000 cr, and apparently it's right!!

 

[Lostsoul]

i got 22000 cr, and apparently it's right!!

sure? try working it out... dont forget there was cash 40000 and 22000 of the goodwill has to be dedicted for the new partner..

 

[Anique]

sure? try working it out... dont forget there was cash 40000 and 22000 of the goodwill has to be dedicted for the new partner..

It was 18000 debit. He brought in 40k cash, which is not capital. So goodwill was created in old partnership ratio and wrote off at new ratio

 

[SRKfan]

its not capital but added to his credit side of capital account.... so balancing figure was 2200 credit

 

[Numnum]

It was 18000 debit. He brought in 40k cash, which is not capital. So goodwill was created in old partnership ratio and wrote off at new ratio

Dude they never said goodwill is written off?

 

[Numnum]

21.3%
Finance charged are NOT subtracted.

I got 15.2% didn't subtract the charges. Did you take debentures?

 

[Lostsoul]

What wuld the GT be? Assumptions tilll now?

 

[SRKfan]

22....

 

[Hammad Suhail]

I got 15.2% didn't subtract the charges. Did you take debentures?

nop, debentures aren't included in captial employed

 

[Numnum]

nop, debentures aren't included in captial employed

Lolwhat. They are? It says in my book

 

[Lostsoul]

22.. The paper was kinda tricky and hard yeah..