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

[Hammad Suhail]

Lolwhat. They are? It says in my book

yo book's wrong
http://en.wikipedia.org/wiki/Capital_employedhttp://www.capitalemployedformula.com/

 

[Hammad Suhail]

okay hold on, yeah they are ADDED, not subtracted, i get confused in this, sorry about that

 

[Lostsoul]

Lolwhat. They are? It says in my book

Yeah debentures are not included, they do not form part of shareholders equity and funds, they are long term liability

 

[Numnum]

yo book's wrong
http://en.wikipedia.org/wiki/Capital_employedhttp://www.capitalemployedformula.com/

Pretty sure my book's correct its endorsed by CIE sweety. Read the third paragraph last line http://en.wikipedia.org/wiki/Capital_employed

 

[Lostsoul]

Whats ze answer then? 21.3 yeah?

 

[Numnum]

Whats ze answer then? 21.3 yeah?

I got 15.2%

 

[Hammad Suhail]

lol i'd rather not say, i get all confused in this kind of question

 

[Lostsoul]

I got 15.2%

:'( :'( :'( :'( anyone with a handkerchief? :'(

 

[Numnum]

lol i'd rather not say, i get all confused in this kind of question

Lol what'd you do for the debtors 80 - 100? And the what about the online trader shiz? I did historic cost but I have a feeling it was materiality you know cause like what's material for the trader (recording the cost) might not be material for his friend or whoever it was?

 

[Numnum]

:'( :'( :'( :'( anyone with a handkerchief? :'(

It's one MCQ, I'm sure I got like 6 wrong lol hey still got that P2 we can turn this around.

 

[Lostsoul]

It's one MCQ, I'm sure I got like 6 wrong lol hey still got that P2 we can turn this around.

Even me. 6 mistakes :'( :"(

 

[Hammad Suhail]

Lol what'd you do for the debtors 80 - 100? And the what about the online trader shiz? I did historic cost but I have a feeling it was materiality you know cause like what's material for the trader (recording the cost) might not be material for his friend or whoever it was?

which debtors are you talking about? which question?
I did historic cost for that too. It should be historic cost.

 

[Numnum]

which debtors are you talking about? which question?
I did historic cost for that too. It should be historic cost.

You know the one that said debtors days went from 80 to 100 and the total revenue remained same. And it had options profit margines increased and factoring of debts and and debtors were having cash issues or something

 

[Hammad Suhail]

You know the one that said debtors days went from 80 to 100 and the total revenue remained same. And it had options profit margines increased and factoring of debts and and debtors were having cash issues or something

ooh that one, some major customers were having liquidity problems, pretty sure about that

 

[Lostsoul]

Whats the answer for the debtors one? Cash flow problems right?
And the suspense account was discount stuff yeah, coz mostly we get such questions to correct the errors, so then suspense accounts are opened isnt it??

 

[Hammad Suhail]

Whats the answer for the debtors one? Cash flow problems right?
And the suspense account was discount stuff yeah, coz mostly we get such questions to correct the errors, so then suspense accounts are opened isnt it??

yes, some major customers were having cash flow problems
and as for the suspense one i feel it was C, interest one, not the discount one

 

[Lostsoul]

:'( :'( :'( :'( :'( anyone... anyone with a handkerchief? ?

 

[Numnum]

Whats the answer for the debtors one? Cash flow problems right?
And the suspense account was discount stuff yeah, coz mostly we get such questions to correct the errors, so then suspense accounts are opened isnt it??

Suspense account one was not the discount one because it said discount allowed had been credited but discount received had to be credited which means the trial balance will still balance because discount received account is credited. So I did C the bank interest shiz

 

[Lostsoul]

Ohhhh nooo!! Now I am not gonna follow my alerts, they show me my mistakes Sooo many mistakes? How could I?

 

[abbey789]

nop, debentures aren't included in captial employed

They are included. Sure about that. It's 15.2