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

[amandeep04]

Lolwhat. They are? It says in my book

Debentures aren`t part of the capital employed, which book do you use? I think theyr supposed to be added not subtracted.

 

[amandeep04]

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

I agree `coz the money brought in is an asset and therefore on the credit side of the capital account.

 

[Numnum]

Debentures aren`t part of the capital employed, which book do you use? I think theyr supposed to be added not subtracted.

I never said they're supposed to be subtracted. For Shareholder's Equity they're not supposed to be added to the share capital and reserves. Harold Randall.

 

[amandeep04]

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

Oh dont worry, you still have P2! Try focusing on it now

 

[amandeep04]

I never said they're supposed to be subtracted. For Shareholder's Equity they're not supposed to be added to the share capital and reserves. Harold Randall.

Okay but I got 21.3% .
And I use the same book but the book doesnt help much. It sucks.

 

[abbey789]

Debentures aren`t part of the capital employed, which book do you use? I think theyr supposed to be added not subtracted.

Yes the debenture is added. and the answer was 15.2%

 

[amandeep04]

Yes the debenture is added. and the answer was 15.2%

Im not sure about it, just what i thought. Lets see.

 

[MONJUR HASAN NISHAD]

What was the answer of the last question? Is it June and June? I.e B

 

[Numnum]

What was the answer of the last question? Is it June and June? I.e B

I did D but yea I think it's B lol

 

[Numnum]

Okay but I got 21.3% .
And I use the same book but the book doesnt help much. It sucks.

Lol yea it does.

 

[amandeep04]

Lol yea it does.

 

[selena123]

how was the overall paper??

The paper was pretty hard.. But i still tried my best.

 

[Lostsoul]

GT? Assumptions?

 

[Lostsoul]

I never said they're supposed to be subtracted. For Shareholder's Equity they're not supposed to be added to the share capital and reserves. Harold Randall.

Yeah they re not supposed to be added or subtracted..
#Not sure. Poor brain in accounting

 

[Lostsoul]

Oh dont worry, you still have P2! Try focusing on it now

I am just too nervous for the 3rd question ie absorption, marginal, break even stuff, profitability :/ My brain cant absorb all that Any link? Notes specially on that part?

 

[abrar]

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.

how 60%??

 

[Lostsoul]

abrar how much did you get for the contribution?
Oh and yes, 60% is the only right answer, coz it repeated from a paper 2005

 

[amandeep04]

I am just too nervous for the 3rd question ie absorption, marginal, break even stuff, profitability :/ My brain cant absorb all that Any link? Notes specially on that part?

I usually mess up in the 2nd question.
I have one or two notes on absorption so maybe i can send tht on ur email or something.
Btw, are you using randall too?

 

[SalmanPakRocks]

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

It was 28,000 credit.

 

[Lostsoul]

I usually mess up in the 2nd question.
I have one or two notes on absorption so maybe i can send tht on ur email or something.
Btw, are you using randall too?

Yup I use Randall. [email protected]