Economics, Accounting & Business: Post your doubts here!

[:: A^]

did u try this doubt?
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_43.pdf
maffin shinigamni posted this doubt (top of page)

Use the Inventory Values and cost of sales to find purchases

 

[:: A^]

View attachment 40918
oct/nov 2008 paper 1 q 30
this questionn also came in may/june 2003 paper 3 question 19
how to do this ? how to get D ? i hav a method but not 100 % sure

In a make or buy situation, we take the income forgone also, (some opportunity cost thing) which in this case would be $400000.
So it goes something like $600+400.

Sorry if u dont get it, this is that type of sum which you know how to do but its hard to explain others Can someone else give a logical explanation if can?

 

[CЯeScɘnt]

did any1 get the guess paper for accounting p4?
my sir said, business purchase/partnership dissolution, standard costing, cashflow statement
budgets very unlikely because they gave a lot recently
process costing wont come he said, apparently they are removing it from the syllabus from next year
but i checked the 2015 syllabus it is still there, idk y he said that

depending yourself on guesses?

 

[CЯeScɘnt]

what about 24? thanks btw i got it all

shareholders equity=issued ordinary shares+reserves
so it will be 400+50+75
hhope i helped

 

[panoramafolks]

thanku for helping me, but I couldnt get the 7th question as why we r not adding goodwill in net assets.

i added goodwill of 20000 , net assets acquired from tee of 80000 and deducted our cash we paid him 100 000 so net assets movement is zero

 

[David Hussey]

Use the Inventory Values and cost of sales to find purchases

it didnt work i tried

 

[David Hussey]

depending yourself on guesses?

gosh no i am not depending on guesses -_-

 

[AlphaBeta]

Why is the answer not C ? Why is it D ? if its D then we hav to adjust the correct Purchase ledger Control Balance also -_- ?

 

[mmmmmm]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s13_qp_43.pdf, i am getting problem in calculating CRR. Help me....

 

[CЯeScɘnt]

gosh no i am not depending on guesses -_-

ok

 

[CЯeScɘnt]

View attachment 40932
Why is the answer not C ? Why is it D ? if its D then we hav to adjust the correct Purchase ledger Control Balance also -_- ?

cant be D cus there is no mistake in purchase ledger control accout, hte mistake is in trial balance n so will just be adjusted in suspense account so the answer should be C,recheck it.

 

[:: A^]

View attachment 40932
Why is the answer not C ? Why is it D ? if its D then we hav to adjust the correct Purchase ledger Control Balance also -_- ?

mark scheme has a mistake there!

 

[AlphaBeta]

mark scheme has a mistake there!

cant be D cus there is no mistake in purchase ledger control accout, hte mistake is in trial balance n so will just be adjusted in suspense account so the answer should be C,recheck it.

examiners report also sayin -_-

 

[CЯeScɘnt]

examiners report also sayin -_- View attachment 40959

can u plz post a link of this paper?

 

[AlphaBeta]

can u plz post a link of this paper?

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s09_qp_1.pdf

 

[CЯeScɘnt]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s09_qp_1.pdf

thnx! got it this entry will correct the difference in trial balance..

 

[AlphaBeta]

thnx! got it this entry will correct the difference in trial balance..

u are sayin that examiners rreport is correct ?

 

[CЯeScɘnt]

u are sayin that examiners rreport is correct ?

umm.. im really not sure abt it cus i still of the opinion that answer should be C, cus there is no mistake in purchase ledger na? what do u think?

 

[David Hussey]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s13_qp_43.pdf, i am getting problem in calculating CRR. Help me....

r u getting 50 as CRR?

 

[AlphaBeta]

umm.. im really not sure abt it cus i still of the opinion that answer should be C, cus there is no mistake in purchase ledger na? what do u think?

even i tink its C .. btw check this may/june 2003 similar question - this case CIE got it correct