Economics, Accounting & Business: Post your doubts here!

[MnMz]

But why will paid dividends appear as a note? isn't it supposed to be proposed? and aren't paid recorded in the A/c's so there's no need of showing them as a note?

Because they need to appear in September notes ... i think as a reminder!!

 

[Saiyan]

But why will paid dividends appear as a note? isn't it supposed to be proposed? and aren't paid recorded in the A/c's so there's no need of showing them as a note?

No you are not getting the point. It is not paid up dividend but dividend proposed to be paid on that period company can pay it or accrue it according to their wish.

 

[reina81]

Because they need to appear in September notes ... i think as a reminder!!

so basically proposed dividend is shown as a note in the month in which they're supposed to be paid and paid dividends are shown in the notes in the period in which they are paid?

 

[MnMz]

so basically proposed dividend is shown as a note in the month in which they're supposed to be paid and paid dividends are shown in the notes in the period in which they are paid?

As Saiyan also mentioned. It is not paid up dividend but dividend proposed to be paid on that period company can pay it or accrue it according to their wish.

 

[Saiyan]

so basically proposed dividend is shown as a note in the month in which they're supposed to be paid and paid dividends are shown in the notes in the period in which they are paid?

Yes see IAS-10, this is an application of adjusting event.

 

[Saiyan]

Most of the MCQs are focused on the IAS if you observe, so we all must have a very clear concept about all the IAS.

 

[MnMz]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w10_qp_31.pdf

Q4....we add drawings back right?

 

[reina81]

Q20 How is it C?
http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s09_qp_3.pdf
sorry for all the doubts.

 

[Saiyan]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_31.pdf

Q4....we add drawings back right?

Just create a total partners' current account! You will get your answer.

 

[MnMz]

Just create a total partners' current account! You will get your answer.

Yea I got it...thanks anyways =)

 

[Saiyan]

Q20 How is it C?
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s09_qp_3.pdf
sorry for all the doubts.

That same question! Listen first get the increased amount of creditors which is 120,000. Note that creditor's payment period is 2 months so creditors will be incurred by two months since they are unpaid. So 2x120= 240.

 

[wajiman]

Q20 How is it C?
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s09_qp_3.pdf
sorry for all the doubts.

it has been cleared a multiple times, anyways

use this formula :

debtors turnover= debtors/credit sales * 365

as debtors increase 50% = 120,000, we know debtors turnover is 60 days

therefore, 120,000/x*365=60
substitute you will get = 240,000 as credit sales = debtors

 

[Saiyan]

wajiman and MnMz are you anticipating a hard exam. I am already sweating with nervousness.

 

[MnMz]

wajiman and MnMz are you anticipating a hard exam. I am already sweating with nervousness.

Well, frankly I'm expecting the unexpected.....but something tells me it's going to be an easy exam Inshalla! =)

 

[wajiman]

wajiman and MnMz are you anticipating a hard exam. I am already sweating with nervousness.

lol bro what he gave in p4, this will be nothin compared to it, and i made a hell of a silly mistakes in p2 + p4, dunno how ? :/

so chill

 

[Saiyan]

Well, frankly I'm expecting the unexpected.....but something tells me it's going to be an easy exam Inshalla! =)

It may be easy for you but it is the hardest for me.

 

[Anusuya]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_s10_qp_33.pdf
q 27?? how C??

 

[Saiyan]

lol bro what he gave in p4, this will be nothin compared to it, and i made a hell of a silly mistakes in p2 + p4, dunno how ? :/

so chill

Thanks!

 

[sharfa riyaz]

http://www.xtremepapers.com/papers/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_s04_qp_3.pdf

question 26! can someone explain to me why you take purchase price for Material Y!

 

[Saiyan]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_33.pdf
q 27?? how C??

Do you know the updated formula for ARR? Or should I explain to you directly.