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Economics, Accounting & Business: Post your doubts here!

student92

student92

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nats said:
Could someone please help me with Q4 & Q10 of the paper thats linked.
Thankyou :)
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_13.pdf
Click to expand...
q4 is c?
make a proper detors account,
on the debt side, take bal bd of 46000 and credit sales of 280 000(80% of 350 0000)
on credit side, take the recipts received from debtors, , 303800 is 98% , as 2% discount has been removed, fingd the full 100% which is 310 0000
and insha allah you will get the answer
reply if you did not understand
 
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nats

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student92 said:
q4 is c?
make a proper detors account,
on the debt side, take bal bd of 46000 and credit sales of 280 000(80% of 350 0000)
on credit side, take the recipts received from debtors, , 303800 is 98% , as 2% discount has been removed, fingd the full 100% which is 310 0000
and insha allah you will get the answer
reply if you did not understand
Click to expand...

Absolutely, thank you so much!
Would you know the answer of question 10 too by any chance ?
 
student92

student92

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see, first we are givien sales for 11 months, which is 109340,and we know margin is 3/10
so now margin into salses will give you gp, this is for 11 months ended, which is 328o2
for september, we can calculate the cost of sales which is 7777 and we know margin, convert this into markup 3/7 and markup into cost of salses will give you the gp, which is 3333
now add both gp, you will get answer b, insha allah
 
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nats

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student92 said:
see, first we are givien sales for 11 months, which is 109340,and we know margin is 3/10
so now margin into salses will give you gp, this is for 11 months ended, which is 328o2
for september, we can calculate the cost of sales which is 7777 and we know margin, convert this into markup 3/7 and markup into cost of salses will give you the gp, which is 3333
now add both gp, you will get answer b, insha allah
Click to expand...
Thankyou so much once again :)
 
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Vinita Manek

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PLEASE SOLVE THE FOLLOWING DOUBTS AND GV XPLANATION ALSO:
9706/01/o/n/05 qt numb 1,2,8 and 14
9706/01/m/j/09 qt numb 19
9706/01/o/n/03 qt numb 18
9706/01/o/n/07 qt numb 3 9 11
 
parthrocks

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Mohammed Hassan said:
Guys, plz help me in this question :S
why the answer is A and not B??
thnx in advance :)
Click to expand...
hey see the answer is A....srry for my late reply....
and reason why it is A and not B is that when u record stock in ur current assets we record it after the trading dicounts only nt the cash discounts as in cash....we do....:)hope u gt it...
 
parthrocks

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Vinita Manek said:
PLEASE SOLVE THE FOLLOWING DOUBTS AND GV XPLANATION ALSO:
9706/01/o/n/05 qt numb 1,2,8 and 14
9706/01/m/j/09 qt numb 19
9706/01/o/n/03 qt numb 18
9706/01/o/n/07 qt numb 3 9 11
Click to expand...

O/n 2005 question number 1....is it C....and question number 2 is the answer B....and for question number 8 is the answer C and the last 14th one is the answer B...??Reply asap
 
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