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Economics, Accounting & Business: Post your doubts here!

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Getting a lil confused now. Help please!
You know how you can have B/D and C/D Advanced Prepayment and the same for owings?
How do you know which goes to which side for different accounts?
 
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Can we get an overall "A" grade in Accounts if we get "B" in Paper1 and "A" in Paper2???

I would assume it depends on how much your mark is above the minimum mark required for A for paper 2 or vice versa but yes i do believe you can. Could be wrong though
 
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Q14) prepare a trading account with sales-(60x25)+(20x10), purchses-(100x16), closing stock-(20x16), that should give you a gross profit figure of 420.
Q23) the answer D, shows the highest inventory turnover, meaning that it has the highest demand for it's products and has the highest mark up on cost, so highest profits
 
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I think this is how you do 23)
Stock Turnover = C.O.S/AVG STOCK

so for Option A we have X/1000 = 8
So C.o.s for A is 8000

Option A Markup is G.P/C.o.s ... Mark up 15% given.
GP/8000=0.15
GP = 1200

Do the same for all. D should be the highest GP.
Thnx dat helpd
nd cud any1 solv Q14 plzz
 
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http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_ms_12.pdf
Can someone plz help me out in q19? Capital Employed= Net current assests + fixed assests - long term liabilities
But when u subtract long term liabilities, u will get 29 which is not the answer and when u dont subtract u get the right answer and that is the right answer (D). Please someone quick.


Cap.Emp is Non CA + CA - CL so

128000 x 100
512000
 
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Thnx dat helpd
nd cud any1 solv Q14 plzz
Sales( (25*60) + (20*10) ).................1700
less:COS
Purchases..........................1600
less:closing stock...............(320)
COS....................................................(1280)
GP.......................................................420
 
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Sales( (25*60) + (20*10) ).................1700
less:COS
Purchases..........................1600
less:closing stock...............(320)
COS....................................................(1280)
GP.......................................................420
But da 20 units which r damaged r nt yet sold. so y r they not included in invntry?:confused:
 
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Well!! all da hardwork of 1 yr & finallyy around 16 hrs leftt 4 da ppr
I wud like to thank all who hlpd me & wish evry1 giving papers 2mrw All da very best(y)
A kind requst 2 all: Remmbr me in ur prayrs
 
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