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yes most probably as it was added this year to the syllabusi think partnership accounts and partnership changes is most likely to come this year, in which we have to adjust goodwill by making its account.
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yes most probably as it was added this year to the syllabusi think partnership accounts and partnership changes is most likely to come this year, in which we have to adjust goodwill by making its account.
here is a link to some clear, short and simple notes with an examplehi!!!
can some one help me with over and under absorbed overheads? i find it really confusing.
i did it using 80% of 2400 and 3000,
can you please explain me why, this 80% does not give the correct answer,
80% of 2400 mean the cost of production,1920
so 2400 minus 1920 is 480, why is this not the profit
thankyou
27 A customer places an order for 20 000 bricks.
Which costing method will the supplier use to price the order?
A batch
B job
C marginal
D unit
correct answe is a
why it it, why not marginal
thanks for your help,
but if the total value( factory profit + cost ) is 2400, so why is it not that 20% of this value is profit, while 80% is cost,
i believe, if you do 20/120 , it the same as doing 80/100
but why is this not true
dude just remember one thing Margin is on SALES/Turoverookk, i get it, but still mathematically, isnt 80/100 the same as 20/120?
any time brother need assistance in eco bs acc em here for u =)thankyou very much for the tip, i appreciate your help.
Trading A/c DebitIf owner takes out 200 from the business as stock drawings and then later reinvests it then how do we show the double entry and what would be the narative for it on the general journal.?
wb the narrative..?Trading A/c Debit
Drawings Credit
if reinvesting in cash then
Cash/Bank Debit
Capital Credit
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