Economics, Accounting & Business: Post your doubts here!

[Sarah Paul]

I know that! just kidding him

LOL

 

[CЯeScɘnt]

Hello, can someone tell me the journal entries to correct this error?

(i) Goods on sale or return £2 760 had been included in the revenue (sales). On 31 March 2011
the customer had not notified Zahin of the intention to purchase the goods. The goods had cost
Zahin £1 900

Thanks in advance

Sales debit 2760
payable credit 2760

 

[TeenStar]

Sales debit 2760
payable credit 2760

Thanks, that gives me some idea!

What do I have to do when correcting the profit?

 

[CЯeScɘnt]

Thanks, that gives me some idea!

What do I have to do when correcting the profit?

increase closing stock n decrease sales.

 

[TeenStar]

increase closing stock n decrease sales.

Jazaakillah khair

 

[:: A^]

Conversation is a bad idea, your doubts might help others too uk

 

[Sarah Paul]

Conversation is a bad idea, your doubts might help others too uk

Hmm

 

[xmariam3x]

Economics question: May/June13
Q1:
A government minister states that the main economic benefit of locating a new factory in a
coastal region is the 500 jobs it will create. What does this statement imply about the coastal region?

A Alternative employment opportunities are scarce.
B Job seekers have a wide range of choices open to them.
C Labour is a scarce resource.
D Unemployment is at a low level.

Why is the answer A and not B ._.

 

[Rishabh195]

Itz Accounts
May june 2011 qp 43
doubt in 1st ques

how to calculate the value of premises, fixed assets, reedemable ordinary shares and convertible loan stock

 

[AlphaBeta]

CЯeScɘnt

 

[CЯeScɘnt]

CЯeScɘnt
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Jazzak Allah Khair

 

[Sarah Paul]

CЯeScɘnt
View attachment 42183View attachment 42183

may i knw which year is this question? Alpha Beta CЯeScɘnt

 

[AlphaBeta]

Bro may i knw which year is this question?

oct/nov 2011 ppr 23 question 3 last part

 

[Sarah Paul]

oct/nov 2011 ppr 23 question 3 last part

Thabks

 

[Sarah Paul]

CЯeScɘnt
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CЯeScɘnt
Hw do u knw the inventory value? @

 

[:: A^]

CЯeScɘnt
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why dont u take over/under absorption?

 

[:: A^]

why dont u take over/under absorption?

Ah yes, there is no over/ under absorption, no budgeted figures.. my bad

 

[CЯeScɘnt]

CЯeScɘnt
Hw do u knw the inventory value? @

in marginal or in absorption?

 

[Sarah Paul]

in marginal or in absorption?

Both? :O

 

[CЯeScɘnt]

Both? :O

in marginal adding variable(15+8+4) per unit
in absorption , considering 2008, first i calculated fixed cost per unit,60000/15000
then added variable and fixed costs per unit
got it?