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thhhhnnnnnx i thought that too (Y)The question says that bad debts had already been written off. So you just have to multiply the 5% with 125400. You get 6270. That minus 1800 = 4470
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thhhhnnnnnx i thought that too (Y)The question says that bad debts had already been written off. So you just have to multiply the 5% with 125400. You get 6270. That minus 1800 = 4470
welcomethhhhnnnnnx i thought that too (Y)
Yup! thats what i exactly meant thnx appreciate everything u didyou have to credit it under other income in your PL acc!
In your manu acc you just show the break down after you find the cost of production. Nothing else.
I keep on getting A as answer, and the mark scheme says that its B? :Swell the link is http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s03_qp_1.pdf ~~ Q9 pleaseee~~
it says that the cost of production is 240000 and so the markup is 20 % so thus as u know the factory profit will simply be 20/100 into 240000 thats 48000.and see ans u may be knowing that provision for unrelaised profit is always deducted to get the correct balance of the factory profit .thus,.....20/120 as markup into 54000 that is 9000 at the year end and at the beginnning as u know it will be 20/100 into 40000 so thats 8000.differnce 1000 increase so 40000-1000 equals 47000...hope u understood...and hey 20/100 in the first year as we cant take 20/120....as decimals...so.....altenative...EXACCTLY!!! even i got A!! i don know why they are getting B~~!!! urg.. its so annoying. may be its cause its a very old paper.~ ok.. well how do u do OCT/NOV 2003... Q18?? xD the link is http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w03_qp_1.pdf and the answer is C~
EXACCTLY!!! even i got A!! i don know why they are getting B~~!!! urg.. its so annoying. may be its cause its a very old paper.~ ok.. well how do u do OCT/NOV 2003... Q18?? xD the link is http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w03_qp_1.pdf and the answer is C~
Yup! U r right (Y) thnx for the helphey, dude the answer is B bcoz we won't take into consideration the bank charges bcoz we starting from the bank balance. And it has already been included in it. But if u have taken bank charges into consideration, still the answer can't be A bcoz then it will be -9419.
EXACCTLY!!! even i got A!! i don know why they are getting B~~!!! urg.. its so annoying. may be its cause its a very old paper.~ ok.. well how do u do OCT/NOV 2003... Q18?? xD the link is http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w03_qp_1.pdf and the answer is C~
OHH YEAH!! yes yes.. i remember that rule~!! so.. basically if we start from the cash book balance... u shouldnt take the bank charges! but if ur starting from bank statement balance.. we DO take the bank charges! right ?? xD
yes bank statementbut waitt... bank account and cash book balance are the same. Do u mean bank statement??
but waitt... bank account and cash book balance are the same. Do u mean bank statement??
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