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i know you dint ask me but its D right?
ya Di know you dint ask me but its D right?
i know you dint ask me but its D right?
LOL nothing like that u werent online only those 2 were there so i wnted the immediate response.
Sorry
Yes its D.
By the way hw to do that?
Thanks fr the reply
The new invoice increases the amount receivable. So new TR would be 48500+900=49400
For the receivable amount in the balance sheet u add the debit balance of the Purch Control account also.
So 49400+3600=53000
Because it is a debit balance in the purchase ledger control a/c. It basically means that you have overpaid your creditor. Hence, it is an asset. (Like a prepayment). You treat this as a Trade Receivable.Why do u add that 3600?
Because it is a debit balance in the purchase ledger control a/c. It basically means that you have overpaid your creditor. Hence, it is an asset. (Like a prepayment). You treat this as a Trade Receivable.
In an MCQ if there is a debit balance for Purch Control, you take it! Practice MCQs, there are alot of questions like this!Always?
In an MCQ if there is a debit balance for Purch Control, you take it! Practice MCQs, there are alot of questions like this!
Q14 - Find closing inventroy first. Remember, 20 are damaged and 20 are good.http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Q13 and 14?
:: A^can u hlp me wid these 2?
Q14 - Find closing inventroy first. Remember, 20 are damaged and 20 are good.
So cost will be (20*16)+(20*10) = 520
Then use the sales - cost of sales to find the profit
Which is (60*25) - (1600-520) = 420 = C
Haha nothing like that. Just another student like you! Pray for me In sha Allah!Thanks
Ur a genius Masha Allah
Haha nothing like that. Just another student like you! Pray for me In sha Allah!
Thanks s2uSure Good Luck fr ur papers
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