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Economics, Accounting & Business: Post your doubts here!

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guys,plz help in this question
What may result in an under-absorption of fixed overhead?
A. absorption based on actual expenditure and actual activity
B. activity above budget
C. activity below budget
D. expenditure below budget
from my view, i see that the answer is B
plz help :S
thnx in advance :)
 
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guys,plz help in this question
What may result in an under-absorption of fixed overhead?
A. absorption based on actual expenditure and actual activity
B. activity above budget
C. activity below budget
D. expenditure below budget
from my view, i see that the answer is B
plz help :S
thnx in advance :)
Answer is B, you are right ;)
 
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Hey CAN ANYONE PLZZZ TELL ME ECO DOUBT...IS EXPENDITURE SWITCHING POLICY THE SAME AS TRADE PROTECTION MEASURES?
 
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hii!!! i have accounts mcq tom... so... well.. how do u do the JUNE 2003 Q9?? the bank reconcilation... i followed the method.. im not getting it...! the answer is B~ please help~

the ans is b
method is
its an overdraft so this means a -ve value
(-10136) to this we'll subtract the unpresented cheques as this entry is not in the cah book so (-10136-4998)=-15134
now to -15134 we'll add the bank lodgemnt therefore -15134+5896= -9238

we dont add bank chrges as tis entry is done in bank statemnt not in the cash book so for the cash book balance we'll not subtract this
 
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Ok thnx :) if the answer is B, then why the answer for this question in may 2007 is D??
plz someone explain :/
thnx in advance :)
hey bro actual expenditure of overheads can never be below budgeted exp then it would be over absorption...bt the question says underabsorption...gt it......so it sD.....as most relevant
 
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Tensed for Economics Paper2! :(

tumblr_lkd7nbdXuG1qbh26io1_500.jpg
 
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Please explain this question...View attachment 10288

here, first we record the goodwill by crediting partner's cap a/c on old ratio and debiting goodwill and in second entry write off the goodwill:

goodwill $30,000
Partner cap a/c x: $15,000
y: $15,000

Partner cap a/c x: $10,000
y: $10,000
z: $10,000
goodwill: $30,000

now before, when Z is admitted, X and Y receive $15,000 and on writing off the goodwill every faces a cost of $10,000 but X and Y initially got $15,000 so they have there accounts increased due to admission of Z as there net capital is now on $5,000
 
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