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

[Hammad Suhail]

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?

Is there some sort of rule or something like which chapter's come in which question? Like aren't they just random or something? :S

 

[Lostsoul]

I thhink they are random, but notice the last question for all the years, has management accounting question mostly..

 

[Hammad Suhail]

I thhink they are random, but notice the last question for all the years, has management accounting question mostly..

last question in p2?
and management as in?

 

[Lostsoul]

last question in p2?
and management as in?

Yupp p2. Management I mean the stock stuff, absorption, marginal, break even, profitability of a product, cost statements

 

[Hammad Suhail]

Ooh you mean Stock Valuation and costing and all. Okay. Well yeah i've noticed that too but i was wondering if there was some fixed rule or something regarding this.

 

[amandeep04]

Yup I use Randall. [email protected]

I find Frank Wood's more helpful.

 

[Numnum]

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?

Lol same I hate costing. Hmm not really I just use Randall and google the other stuff I don't get

 

[Numnum]

It was 28,000 credit.

But it didn't say goodwill was written off?

 

[Lostsoul]

Lol same I hate costing. Hmm not really I just use Randall and google the other stuff I don't get

Oh okay Thanks Randall is quite precise.. its okayish..

 

[osama63]

th

Option D, $4.8

e paper was really very easy. shuker i also chose option D

 

[osama63]

Its credit controller.. Its a repeated question

NO I think that the question was not repeated... As previously the question which came in the papers it was " who would use the creditors ledger"
but this question was "who would use the age analysis of the debtors"
although the options were same but the answer is different in both questions

 

[osama63]

were cash budgets in our syllabus of AS?

 

[Numnum]

were cash budgets in our syllabus of AS?

Yea. have you been sleeping in class?

 

[abrar]

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

40% (((

 

[Lostsoul]

Not sure of 60, but did you calculate it or guess?

 

[amandeep04]

Here's something that might help you guys in the costing part (absorption and marginal). Hope it helps.

 

[Numnum]

Here's something that might help you guys in the costing part (absorption and marginal). Hope it helps.

Thank you!!

 

[amandeep04]

Thank you!!

Youre welcome!

 

[amandeep04]

You all prepared for business?

 

[SalmanPakRocks]

But it didn't say goodwill was written off?

Capital was 40,000
Good will was 60,000
First we'd divide the good will in old profit sharing ratio.
And then write off in new profit sharing ratio, this means that it'd be 28,000
As when writing off, it was coming, 18,000
40,000 - 18,000 = 22000