Economics, Accounting & Business: Post your doubts here!

[Bushrafareed]

lol, you didn't get me?

Huh?

 

[Saiyan]

It was disrespectful.

During the namaaz break I realised I said something harsh. I ask for your apology. I just got exited about my exam today and was not thinking properly. All you guys are incredible in the sense that you remind me of my school friends and show so much similarities. redapple you are amazing and I should not have offended you. You, wajiman, Echelon94, waleed, umarFM, 2pac, youzair, Saad Ghori and all the others are so great! You are elder than me and I respect you a lot. So can the redapple forgive the scary looking pie?

I promise never to offend you again.

 

[Bushrafareed]

isn't it just like depreciation to reverse the effect

Come onnnnnn! We add loss on sale of asset less profit!

 

[Saiyan]

what was the ans for 1
it was C na ?
everyone is saying that it was B :S

I am so glad that you got the answer C. I also got it too. Many people disagree with my logic but I think we are right.

 

[Saiyan]

Most of my answer which I remember matches with Waleed. This is a good.

 

[Saiyan]

So wajiman what are you anticipating from business? Do you think CPA's going to come?

 

[wajiman]

So wajiman what are you anticipating from business? Do you think CPA's going to come?

examiner in this paper is totally unpredictable

 

[Saad Ghori]

The duty of directors to produce a Directors' Report once a year is found in the Companies Act 2006 section 415. Under section 416, the contents must include the directors' names and the company's principal activities. SOURCES : WIKI phar kar gaya tha

Your absolutely right, tho the answer was still dividends.
The option you chose was 'responsibilites and activities of the directors' not the activities of the company.

 

[Saad Ghori]

what was the ans for 1
it was C na ?
everyone is saying that it was B :S

It was C for sure

 

[WaleedUQ]

Your absolutely right, tho the answer was still dividends.
The option you chose was 'responsibilites and activities of the directors' not the activities of the company.

i dont remember what i choose..
:\
dividend logical nahi hai for me..

 

[Saad Ghori]

yes that is what i m saying k operating profit k effect ko reverse karnay k liye karnay hein but if suppose this transaction was missed from financial statement , tou phir tou add nahi kartey na loss ko..

Why are we assuming that we missed the transaction from the financial statements?

 

[WaleedUQ]

Why are we assuming that we missed the transaction from the financial statements?

hahah YES
why we are assuming bhaiya?

 

[Saad Ghori]

i dont remember what i choose..
:\
dividend logical nahi hai for me..

Proposed dividends are shown in the directors report. Meray notes mai hai
As for the responsibilities of the directors, why would directors mention their own activities? Company ki ho to logical hai.

 

[WaleedUQ]

yes they have to
their pensions their benefits
its a report covering all aspect i posted a image read it again..
directors have to mention their name their responsibilities..
They are running the business just like ceo n etc...
shareholders must know what their directors are doing how they are running how much salary they are earning how much benefits are associated with them

 

[Bushrafareed]

if we 're not assuming this we were also not assuming that transaction was included in the financial statement

hahah YES
why we are assuming bhaiya?

 

[WaleedUQ]

if we 're not assuming this we were also not assuming that transaction was included in the financial statement

:'( we just cant assume everything..
we have to follow some rules, we are bounded around borders.
Their are many things that conflict with IAS and Cambridge Accounting syllabus
we cant fight them..
we just have to bear them

 

[wajiman]

:'( we just cant assume everything..
we have to follow some rules, we are bounded around borders.
Their are many things that conflict with IAS and Cambridge Accounting syllabus
we cant fight them..
we just have to bear them

this is very true, many stuff you get on internet updated according to standards is conflicting with CIE syllabus :/

 

[Echelon94]

what was the ans for 1
it was C na ?
everyone is saying that it was B :S

It was C for sure

I selected B for 1, which was $32800. Lemme tell you the reason for difference in values. The question said the car he took had a NBV of $4600, but Z took it at an agreed value of $4000. So the people (including me) who got B calculated the difference as Revaluation Loss of $600, divided equally in the 3 at $200. So you subtract $200 from $33000 to get $32800 as the amount he'll receive. I dunno if I am right or wrong, but that was the logic...

 

[WaleedUQ]

Cie is the institution; carrying out International Examinations just like
" A post dated check on failing bank "

 

[Bushrafareed]

yes , that's true infact. And whatever logic we apply, examiners are going to check according to what "they think is right"

:'( we just cant assume everything..
we have to follow some rules, we are bounded around borders.
Their are many things that conflict with IAS and Cambridge Accounting syllabus
we cant fight them..
we just have to bear them