Economics, Accounting & Business: Post your doubts here!

[CЯeScɘnt]

And do we include the prefernce shareholders amountin the changes of statement in equity?

it just shows the movement of profit.

 

[Sarah Paul]

it just shows the movement of profit.

We have to add it with the ordinary share capital ryt?

 

[CЯeScɘnt]

Yes thank u so much il be waiting fr it
Jazakallah Khair

sorry for the late reply, actually i missed one figure and so was working to it.
as gp over sales is given as 1/3
GP over sales=(sales - cost)/sales
equal it to 1/3
make cost subject and u will get the answer

 

[CЯeScɘnt]

We have to add it with the ordinary share capital ryt?

its just as appropriation account of partnership
like how much to transfer to GR
how much is spent to pay dividend...
still having a doubt? give me a question.

 

[Sarah Paul]

its just as appropriation account of partnership
like how much to transfer to GR
how much is spent to pay dividend...
still having a doubt? give me a question.

Hmm sis im asking if we should add the preference shares and ordinary shares general reserves retained earnings to get the equity amount

 

[CЯeScɘnt]

Equity = ordinary share capital + reserves(all reserves and preference share capital is not included)

 

[Sarah Paul]

Equity = ordinary share capital + reserves(all reserves and preference share capital is not included)

Then i think in th old syllabuls we had to add
According to the new we shouldnt then ryt?

 

[Sarah Paul]

We should add oly the issued bt in this questn theyve added prefernce shares too
http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s06_qp_2.pdf

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_qp_22.pdf

Q2 why have they added the 100 to purchases? Confused :O

http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_s11_ms_22.pdf

 

[CЯeScɘnt]

Then i think in th old syllabuls we had to add
According to the new we shouldnt then ryt?

i dont know about old syllabus but in new we do not

 

[CЯeScɘnt]

We should add oly the issued bt in this questn theyve added prefernce shares too
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s06_qp_2.pdf

which question which part?

 

[Sarah Paul]

which question which part?

The first question in the appropriation part

 

[CЯeScɘnt]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_22.pdf

Q2 why have they added the 100 to purchases? Confused :O

http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_s11_ms_22.pdf

make trade payables a/c
credit 15000
debit 60000
debit 55000
balancing figure will be 100000,our credit purchase

 

[Sarah Paul]

make trade payables a/c
credit 15000
debit 60000
debit 55000
balancing figure will be 100000,our credit purchase

Thanks

 

[CЯeScɘnt]

The first question in the appropriation part

i still didn't get that, why do we have preference issued share capital in appropriation a/c???

 

[Sarah Paul]

i still didn't get that, why do we have preference issued share capital in appropriation a/c???

According to the MS and since its an old paper

 

[Sarah Paul]

bt we shudnt add it nw right

 

[CЯeScɘnt]

bt we shudnt add it nw right

are you talking abuot peference share dividend?

 

[Sarah Paul]

are you talking abuot peference share dividend?

Not the dividend the issued preference shares the one which is at the top in the question

 

[Sarah Paul]

CЯeScɘn in the inventory question y do they have a different thing called normal salles and u do they deduct the clearence sales return inwards frm the original sales value?