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can sumone please explain part exchange allowance in detail ??
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yes, bank account would decrease by the value of new assets minus allowance, BUT, the value of new assets would be recorded at full value, which is 3 motor vehicles at 280000each.
Anyone please help me!!!
how to master in Accounts Mcqs (Paper 1- AS LEVEL)
First u would have to find out the difference between opening stock and the closing stock, which is 3000 units. Then find the difference between the both the profit figures which is $19500. Divide this answer with 3000 units. U will get the fixed overhead rate!! And the mark scheme for accounting may/june 2002 paper is not on this website. I have checked it. So if u or any1 have it, pls post them here!!!!Please explain Q29.
The answer is D.View attachment 6882
Salaam...I find it hard to follow the accounting part of this thread....Please guide me through...ShukraanHi everyone, assalamoalaikum!!
To get things organized in a better way, I am making this thread. As othewise, some queries remain unanswered!
So post your AS/A2 Accounts, Business or Economics doubts in this thread. InshaAllah other people here will be there to help you around.
NOTE: If any doubts in the pastpapers, please post the link!
Thanks!
Jazak Allah Khair!
First u would have to find out the difference between opening stock and the closing stock, which is 3000 units. Then find the difference between the both the profit figures which is $19500. Divide this answer with 3000 units. U will get the fixed overhead rate!! And the mark scheme for accounting may/june 2002 paper is not on this website. I have checked it. So if u or any1 have it, pls post them here!!!!
Please post expected topics for cie
for economics business and accounts too ...!
wa alikum as salamSalaam...I find it hard to follow the accounting part of this thread....Please guide me through...Shukraan
i knw the method but i dont understand the logic behind it .i mean the difference between the profits diveded by the difference between the stocks: how does dat give us the OAR ??? sorry im not online from my laptop so im unable to post it here.
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