AS level accounting paper 1 problems

[Hasa321]

Can any1 help me wit this question : o/n 2007 paper 1 question 3

 

[Fadhila]

Can any1 help me wit this question : o/n 2007 paper 1 question 3

Whats the code?

 

[Hasa321]

Whats the code?

Here is the paper, cn u tell for question 3 hw the answer is C?
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w07_qp_1.pdf

 

[Fadhila]

w

Here is the paper, cn u tell for question 3 hw the answer is C?
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w07_qp_1.pdf

In the profit and loss, the incomes/expenses which are entered are applicable for that financial year! Though it has been paid on Jan 2006, it was paid for the previous year! So only 1120+1245=2365 is entered... and again the last transaction for the next accounting period, so not taken into consideration..

 

[Hasa321]

w
In the profit and loss, the incomes/expenses which are entered are applicable for that financial year! Though it has been paid on Jan 2006, it was paid for the previous year! So only 1120+1245=2365 is entered... and again the last transaction for the next accounting period, so not taken into consideration..

Thank you very much

 

[Fadhila]

Thank you very much

No problem

 

[Hasa321]

I hav a doubt in accounts paper1 o/n 2010. Here is da paper: http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w10_qp_12.pdf

I need to know how to do question 11 (answer B) and question 29 (answer A)

 

[Hasa321]

I hav a doubt in accounts paper 1
The question is. MJ 2010 p12 question 13 and 14. Here is the paper :
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
How do you get B for 13 and C for 14

 

[Fadhila]

I hav a doubt in accounts paper1 o/n 2010. Here is da paper: http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_12.pdf

I need to know how to do question 11 (answer B) and question 29 (answer A)

Well the 11th one, find the cost of sales for the month of sep, ie 6303+8844-7370=7777 Now inorder to find sales for ths month, u have ur margin, convert it to markup which is Gross profit over cost of sales, that would be (30/70) , find gross profit for the month, which would be 3333, then sales for the month would be 7777+3333=11110.
Total sales=109340+11110=120450
Gross profit over 120450*100=30,
So gross profit is (120450*300)/100=36135
Hope u Got it!

 

[Fadhila]

I hav a doubt in accounts paper1 o/n 2010. Here is da paper: http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_12.pdf

I need to know how to do question 11 (answer B) and question 29 (answer A)

25%* 200= $50
25%*100=$25
The cost has increased by $75(50+25), so the profit $280-$75=205

 

[Hasa321]

25%* 200= $50
25%*100=$25
The cost has increased by $75(50+25), so the profit $280-$75=205

Thank you very much fo da help

 

[Hasa321]

I hav a doubt in accounts mcq.
Here is the paper : http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w11_qp_12.pdf

Hw do u get B for q 13 and C for q26?

 

[Fadhila]

I hav a doubt in accounts paper 1
The question is. MJ 2010 p12 question 13 and 14. Here is the paper :
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_12.pdf
How do you get B for 13 and C for 14

13th one is C not B.
14: U have ur sales as (60*25)+(20*10)= 1700
then ur purchases 100*16=1600
then u have closing inventory 20 units and u record it at cost price, so the value of closin inventory is 20*16=320
1700-(1600-320)=420

 

[Hasa321]

Hw to get the answer as B?

 

[Hasa321]

For this the answer as C?

 

[Fadhila]

View attachment 24721

For this the answer as C?

In ur statement of financial postion u enter the cashbook balance! Here the cashbook balance is 910437, but bank charges of 15200 isnt entered. so 910437-15200=895237

 

[Fadhila]

View attachment 24720

Hw to get the answer as B?

They pay insurance on Sep 1
In year 2 it has been paid for Sep- to next september so 2760/12=230 per month, but we are concerned only with this financial year, that is jan-aug, 230*8=1840
then in year 3 u have paid on september to next sep, but we require only this year, ie Sep, oct, nov and dec, so 3840/12=320, then 320*4=1280
Fod the year: 1840+1280=3120

 

[Hasa321]

They pay insurance on Sep 1
In year 2 it has been paid for Sep- to next september so 2760/12=230 per month, but we are concerned only with this financial year, that is jan-aug, 230*8=1840
then in year 3 u have paid on september to next sep, but we require only this year, ie Sep, oct, nov and dec, so 3840/12=320, then 320*4=1280
Fod the year: 1840+1280=3120

Thank you again

 

[Hasa321]

For this hw to get answer as B?

 

[Hasa321]

For this answer as A?