1. Fixed cost that increases to a new level in step with the significant changes in activity or usage.
OR
2. Cost that is relatively fixed over a small volume or range of activities but is variable over a large range or volume.
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Economics, Accounting & Business: Post your doubts here!
- Thread starter XPFMember
- Start date
1. Fixed cost that increases to a new level in step with the significant changes in activity or usage.
OR
2. Cost that is relatively fixed over a small volume or range of activities but is variable over a large range or volume.
Best of luck.
redapple20 MnMz wajiman Saad Ghori WaleedUQ youzair Anusuya reina81 Saiyan and all others.
Thanx hun!! =) best of luck to you too =)
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i'll start studying after 1 hour 
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Im here :/i'll start studying after 1 hour
i'll start studying after 1 hour
OMG!! same... i need to finish may/june 11 and 10!!
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i need to do all pastpapers again,
have to revise all relevant theory
same here
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Im feeling lucky for no reason
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at that time you would be sleeping ECool then ... fill me up on anything new u bump into
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Thats why there is smthing called an inbox
send watever u think that i don't know to me... i'll see them as soon as i wake up So the 1st one won't affect anything...
The second one too has no effect
So its basically jst the adjustment for the 3rd one
Ans - A
try doing it
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wajiman Saad Ghori where r u ppl?
answer is D, as we first credit good will on old ratio
X : $16,500
Y : $16,500
Revaluation profit again on credit on old ratio due to being revalued more than the book value:
X : $30,000
Y : $30,000
so X will get $46,500 and Y too where as Z will get nthin
we also debit the partner account but that option is not given, this means that the examiner is asking the balance of the credit side
Q15 -A . I have like no idea how to do questions related to impairment loss and stuff.
http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_qp_31.pdf
http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_qp_31.pdf
IAS 36: Impairment of Assets
o It applies to all assets except inventories.
o An impairment loss of an asset is recognized when the carrying amount of an asset exceeds its recoverable amount.
o An impairment loss is recognized in profit or loss account for assets carried at cost and treated as a revaluation decrease for assets carried at revalued amounts.
o Recoverable amount is the higher of an asset’s fair value less costs to sell and its value in use.
o Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life.