Economics, Accounting & Business: Post your doubts here!

[redapple20]

accounts ka paper kal hai kiya ? :S

karachi language... 12 baj chuke hain hero!

 

[iqraa nadeem]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_qp_33.pdf
Can anyone please let me know how to do q13 and 23

 

[WaleedUQ]

aby ye batao tues ko hai ya monday ko :S
im confused

 

[Saad Ghori]

aby ye batao tues ko hai ya monday ko :S
im confused

Tuesday

 

[WaleedUQ]

shukar hai

 

[redapple20]

Hamra to wed ko bhi hai Saad Ghori
nhi yar abhi tu itna pagal nhi hua! WaleedUQ

 

[redapple20]

Kahan chalay gae sab? I can hear my own voice echoing! HELLLOOOO?

 

[redapple20]

Okay bye evry1! Tcz

 

[redapple20]

There r two things this thread is reminding me of! 1 in stats the tree diagram 2in physics nodes and null circuits!

 

[umarFM]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_33.pdf
Can anyone please let me know how to do q13 and 23

13th.....i thnk its C....coz the question requires the most the bank will lend....
here for 2:1.... if current asset is maximum (72000)... then for the required ratio, current liabilities shud be 36000...
to make that 36000....if trade payables are minimum, then the bank OD is max...so 36000-12000=24000(max bank OD)....
i guess so..

 

[mimiswift]

before we used to subtract it but now we add it.

i don't get it ...........why?

 

[mimiswift]

the value at the beginning is the initial value. the value at the end is called the scrap value. for average investment, they take the average of the initial & final value, how does that not make sense?
J11(33)/11, yeah a teacher I talked to also said that it should be A & not B

coz when i studied investment chapter we always deducted residual value from investment.........!
j11(33)....so what do i do here.....coz MS says B and not A.....isn't the amount that is paid next year supposed to be written down as notes.......like current year proposed dividend which will be paid next year!

 

[WaleedUQ]

we always add residual amount buddy ^^

 

[mimiswift]

14 no idea for 18, the cost will now be divided by more completed units, therefore the unit cost will be decreasing.
J10(33): for 1 its 880+62-17-(123-107), (17 is Profit on Disposal not loss )
for 11, theres no calculation just straightforward. 26, calculate the variance for both products: for P it'll be 2 x [3(1200) - 3500] = 200 fav & for Z it'll be 1.5 x [6(1200) - 7500] = 450 adv so Total would be 250 adv

thanks!

 

[mimiswift]

we always add residual amount buddy ^^

seriously.....are you 100% sure?

 

[WaleedUQ]

no im not 100%
but 200% damn sure

 

[mimiswift]

no im not 100%
but 200% damn sure

ok!

 

[ayeshaddy]

I'm making an updated cashbook so I don't understand this thingy:
Can anyone explain?
C tench's deposit account balance of 1400 was transferred into his bank current account. How would we do it?

 

[mimiswift]

Well I never heard or saw anything about deducting Scrap Value until now. For June 2011(33), what can I say, CIE are sooooooo..... just see the examiner report for question 11, the question just before 12. They have themselves explained the whole treatment themselves & then contradicted the treatment themselves in the right next question. $#%@!
"Any proposed dividends are ignored under IAS1 and shown in the accounts by way of a note"

omg ur right...they say..
This is an example of changes occurring as a result of IAS1 and the impact of dividends paid and payable.
Under IAS1 only dividends actually paid in the accounting year are included in the financial statements for
the year. It doesn’t matter to which year they relate. They can be interim dividends paid in the current
financial year or, as in this case the final dividend in respect of the previous financial year payable in the current year. Any proposed dividends are ignored under IAS1 and shown in the accounts by way of a
note. This is an important change, which effectively means that dividends are treated on a cash basis rather
than an accruals basis. Teachers need to take note of this change as it is something which may well occur
in future structured questions.

 

[mimiswift]

ok Accounting
P3-M/J 2009- qns 5,9 and 20
QP- http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s09_qp_3.pdf
MS- http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s09_ms_1.pdf