BS ECONOMICS ACCOUNTS DOUBTS

[Sarah Paul]

here ive got some few doubts it wud be appreciated if these are cleared!!

 

[Sarah Paul]

Can ull explain how to ammend a sales ledger control account and a purchases ledger control account

 

[Sarah Paul]

A detailed explanation of Depreciation

 

[Sarah Paul]

How bad debts can be identified in a non profit making organisation

 

[Sarah Paul]

Minimum pricing and maximum pricing

 

[Sarah Paul]

And excellent notes on the 3rd unit of economics government failure

 

[Sarah Paul]

REPLY PLEASE!!!

 

[♫Prince Shah♫]

No one might know dis.... SOrry not meh subject... I Would had had solved it SORRY.

 

[Sarah Paul]

No one might know dis.... SOrry not meh subject... I Would had had solved it SORRY.

LLLLOL wen it comes to these type of thingx ppl take ages to reply

 

[♫Prince Shah♫]

 

[:: A^]

How bad debts can be identified in a non profit making organisation

If payments received for the previous year is less than the accrual balance b/f, difference it bad debt.

 

[Sarah Paul]

If payments received for the previous year is less than the accrual balance b/f, difference it bad debt.

can u give a more detailed explanation

 

[:: A^]

can u give a more detailed explanation

Sure thing, if you can link me to a question, it would be much easier!

 

[Sarah Paul]

Sure thing, if you can link me to a question, it would be much easier!

itll take some times once its done il ryt a msg on ur profile k

 

[:: A^]

itll take some times once its done il ryt a msg on ur profile k

okay sure thing. btw where from Sri Lanka :O

 

[Sarah Paul]

okay sure thing. btw where from Sri Lanka :O

yes sri lanka!!!

 

[:: A^]

yes sri lanka!!!

No i knew that, i asked where from Sri Lanka? School?

 

[Sarah Paul]

No i knew that, i asked where from Sri Lanka? School?

Dehiwala
Ilma international girls school
Wat abt u?

 

[:: A^]

Dehiwala
Ilma international girls school
Wat abt u?

Dehiwala
Lyceum xD

Edit: U got the question?

 

[TheZodiac]

Minimum pricing and maximum pricing

Maximum price policy is implemented by the government in order to safeguard the consumers from being exploited. Graphically, it can be presented as;

As we can observe that the economy is at equillibruim price which is p1. But the government intervenes in the market and sets max price of Po, this is an effective maximum price because it's lower than that of market clearing price. But due to this, there would be excess demand which would result in shortages so government would either have to utilize stock from buffer stock management or pay a subsidy to the producers.
In effective maximum price is above the market equillibrium price level and therefore it's in-effective.

Similarly, minimum price is implemented to protect the rights of producers. The graph is drawn the same way but the effective and in effective prices change their position. I think you've pretty much understood the application of it so I am not explaining it but if you feel the need to, don't hesistate asking.