Economics, Accounting & Business: Post your doubts here!

[Mohammed Hassan]

http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s09_qp_1.pdf
Could any1 solve my following doubts in this paper. The link is above:
q.6 ans is A
q.19 ans. is B
Thanx in advance!!

in question 6, u have the credit sales 80000 and add to the 5000 because it says that the goods are despatched to the customers, which means that they received the goods and so, we made sales, ( 80000+5000 = 85000 ) and for the sale or return basis, it said that the business didnt sell them, which means no sales for them and it was included in the actual amount of sale, where we have to remove it ( 85000-10000 = 75000 ) and of course we use the invoice price, as its the value of sales....

 

[parthrocks]

help me explanation???

 

[Mohammed Hassan]

Ya i know~!!!!!!!~i think then u could use anyone bt preferably the first one!

thnx man appreciate that

 

[parthrocks]

thnx man appreciate that

Same here!!!thanks mannnnn!!!!!!!!!!!!!!a lot

 

[wajiman]

http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s09_qp_1.pdf
Could any1 solve my following doubts in this paper. The link is above:
q.6 ans is A
q.19 ans. is B
Thanx in advance!!

Mcq no.6:

add credit sales to Goods dispatched to customers in November 2008 and invoiced in December 2008 ( invoiced goods are always sales and cannot be returned once invoiced) less Goods included in sales for November 2008 on a sale or return basis, but only sold in December 2008. Goods on sale and return basis are not regarded as sales until the purchase has been realized and as we are finding sales, this means the profit markup or margin would be present in the cost so we will subtract the invoice price and not the cost price.

mcq no.19:

its a repeated mcq and has already been discussed over here:
http://www.xtremepapers.com/communi...st-your-doubts-here.10459/page-69#post-262421

 

[Esme]

Hey
Can anyone give me some good notes for cost-volume-profit analysis and also profit/volume charts.
I jus noticed them in the syllabus and my book doesn give much detail about it.

 

[Esme]

i too was gonna give this kind of example now

haha... great minds think alike !!
LOL

 

[wajiman]

i know the answer but for ppl who want to understand

 

[Mohammed Hassan]

wajiman
may u plz help me in this
I know that it might be silly, but the exam time is 1 hour 30 mins for paper 2, i barely finish the exam at 1 hour 25 mins and i take time for making such accounting format etc.
what is the one acceptable in the exam??
when i was doing my IG exam, i used the first one, and took time and too much space for the answer, my hand writing was so small to fit into the boxes, i dont know what to do?
plz help
thnx in advance

 

[parthrocks]

i know the answer but for ppl who want to understand

explanation plzzzzzzzzzz

 

[Mohammed Hassan]

i know the answer but for ppl who want to understand

its B, right?

 

[wajiman]

i know the answer but for ppl who want to understand

 

[parthrocks]

its B, right?

How come bro!!!?????????????????????????????????????????

 

[wajiman]

i know the answer but for ppl who want to understand

 

[parthrocks]

i know the answer but for ppl who want to understand

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????'"

 

[Mohammed Hassan]

wajiman
may u plz help me in this
I know that it might be silly, but the exam time is 1 hour 30 mins for paper 2, i barely finish the exam at 1 hour 25 mins and i take time for making such accounting format etc.
what is the one acceptable in the exam??
when i was doing my IG exam, i used the first one, and took time and too much space for the answer, my hand writing was so small to fit into the boxes, i dont know what to do?
plz help
thnx in advance
sorry, i forgot to upload the file :S
scripts are very annoying :S

 

[urvesh]

i know the answer but for ppl who want to understand

It's A!!

 

[shahz_h]

in question 6, u have the credit sales 80000 and add to the 5000 because it says that the goods are despatched to the customers, which means that they received the goods and so, we made sales, ( 80000+5000 = 85000 ) and for the sale or return basis, it said that the business didnt sell them, which means no sales for them and it was included in the actual amount of sale, where we have to remove it ( 85000-10000 = 75000 ) and of course we use the invoice price, as its the value of sales....

Mcq no.6:

add credit sales to Goods dispatched to customers in November 2008 and invoiced in December 2008 ( invoiced goods are always sales and cannot be returned once invoiced) less Goods included in sales for November 2008 on a sale or return basis, but only sold in December 2008. Goods on sale and return basis are not regarded as sales until the purchase has been realized and as we are finding sales, this means the profit markup or margin would be present in the cost so we will subtract the invoice price and not the cost price.

mcq no.19:

its a repeated mcq and has already been discussed over here:
http://www.xtremepapers.com/communi...st-your-doubts-here.10459/page-69#post-262421

Thanx 2 both!!

 

[shahz_h]

One Question:
Is it necessary to use B or HB pencils only in MCQ papers.or any pencil is fine.

 

[urvesh]

One Question:
Is it necessary to use B or HB pencils only in MCQ papers.or any pencil is fine.

Any pencil is fine, these people just want to make it sound tricky :S