Economics, Accounting & Business: Post your doubts here!

[SalmanPakRocks]

Here

 

[3fatak]

Yes finallly
so what did u guys do for Q1 in yesterday's economics P1?
was the ans. D?

 

[SalmanPakRocks]

Yes finallly
so what did u guys do for Q1 in yesterday's economics P1?
was the ans. D?

it was A!

 

[MU2013]

Yes finallly
so what did u guys do for Q1 in yesterday's economics P1?
was the ans. D?

if alternative jobs were scarce option was d, then yes, d

 

[SalmanPakRocks]

if alternative jobs were scarce option was d, then yes, d

That was A!

 

[Taher Se]

i srsly need suggestions on wat might come tomorrow...

 

[3fatak]

That was A!

we gave different variants so our answers are obviously different

 

[Muhammad Bin Anis]

can someone explain me the answer?
SalmanPakRocks

 

[Taher Se]

C

 

[Taher Se]

tell me if its correct so i explain to u....

 

[amandeep04]

SUSPENSE. I JUST DONT GET IT.

 

[3fatak]

can someone explain me the answer?
SalmanPakRocks
is this P3?

View attachment 26064

 

[3fatak]

SUSPENSE. I JUST DONT GET IT.

1.sales are originally recorded as credit and the account had been overcast so to correct the error Debit sales and Credit suspense
2.Discount received is credit and discount allowed is debit. the error here is that no entry for discount received has been made in the discount received account instead it has been posted to discount allowed on the debit side. so to correct the error discount received account will be credit, to cancel the entry in discount allowed account the account will also be credit and suspense account will debit for these two entries
3. the business received the cheque from its debtor, bank is increasing and it has not been recorded so bank will be debit. correct entry has been recorded in the debtors account so thats why credit is suspense account​

 

[amandeep04]

1.sales are originally recorded as credit and the account had been overcast so to correct the error Debit sales and Credit suspense​

2.Discount received is credit and discount allowed is debit. the error here is that no entry for discount received has been made in the discount received account instead it has been posted to discount allowed on the debit side. so to correct the error discount received account will be credit, to cancel the entry in discount allowed account the account will also be credit and suspense account will debit for these two entries​

3. the business received the cheque from its debtor, bank is increasing and it has not been recorded so bank will be debit. correct entry has been recorded in the debtors account so thats why credit is suspense account​

Thank You! <3

 

[Dudu]

Here

Could you please explain the over absorbed part?

 

[amandeep04]

Help please! Question #1 (b) with explanation
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_22.pdf

 

[Ammar Ali Khan]

Can anyone help me with Partnership.. I am facing problem solving questions. I will be thankful if anyone provides me with any helpful notes.. Thanks

 

[student92]

18 In a closed economy with no government, the level of investment is $5 million, the equilibrium
level of income is $22 million, the full employment level of income is $25 million and there is a
deflationary gap of $1 million.
What can be deduced from this information?
A The marginal propensity to consume is 2/3
B The marginal propensity to consume is 1/3
C The value of the investment multiplier is 5.
D The value of the investment multiplier is 1.5.

the answer is a​

​

22 Despite a balance of payments deficit a country’s money supply remains unchanged.​

What could explain this?​

A The country’s foreign exchange rate is fixed.​

B The government runs a budget surplus.​

C There is a fall in the country’s foreign exchange reserves.​

D The government runs a budget deficit financed by borrowing from the central bank.​

​

please explain​

the answer is d​

​

​

28 During a recession, a government increases its expenditure on goods and services by $10 million​

but leaves tax rates unchanged.​

Why might the subsequent increase in national income be less than $10 million?​

A Increased government borrowing increases interest rates.​

B The marginal propensity to consume is less than 1.​

C The marginal propensity to import is greater than 0.​

D There is no accelerator effect on investment.​

answer is A​

​

29 Why is it more effective to increase regressive taxes rather than progressive taxes when pursuing​

a deflationary fiscal policy?​

A Changes in VAT have minimal effect on consumers’ spending.​

B It is much more unfair to increase progressive taxes.​

C Many workers reduce the hours they work when income taxes are raised.​

D Low income households spend a larger proportion of their incomes.​

Answer is d​

​

​

​

 

[rosogolla993]

ufff company accounts and costing sums r sooooo hard

 

[rosogolla993]

can any1 help me wid limited company and jobcosting , process costing sums ??? pls inbox