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Economics, Accounting & Business: Post your doubts here!

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Im not arrogant nor im not a teacher, just a student like you! i might get wrong too Allah knows better, but i was just defending my point!
i have variant 12 too.
secondly just want to tell you that
Partnership admission and retirement ( the most difficult topic in A2 thats what i think )
limiting factors ( A2)
cash budgets ( A2)
all of them are now in As!
 
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Good Luck man! :)
accounts Nadeem Salam se parh rahay ho?
nahi i studied A.S accounts from him last year he's a great teacher.
His book helped me alot in mcqs.. A2 account khud phar raha hun. i find it more easy as compared to As accounting
 
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Accounts ans for mcqs, only one incorrect soo far ! :D
1) Return Outwards
2) 114000 D
4) Substance over form D
6) A ( Accruals Concept )
Cash discount 5% and stock previewed system ( D )

20 ) C

Partnership capital 60 000 drawings 30 000 ( C )

undervalued closing stock and overvalued opening inventory both to be added in net profit

subscription accounts can have bad debts and may have trading account ( A)

gross profit increased, return on capital employed decreased

partnership
goodwill x 15000 y 15000 ( C )

Liquidity difficulties to pay to creditors factoring trade debtor ( A )

Cumulative shares dividend carried to next year ( C )

Stepped cost net
profit of 15000 unites = 82500

value of stock issued 380 ( B )
Debentures issued for 300 000 Current Assets increased and net profit decreased in short term


Manufacturing overheads depreciation of assembly line and supervisors salary

breakeven sales 600 000 ( C )

Ans for B.R.S was ( B ) ( un presented add uncredited minus, minus credited charges for standing order

fixed costs remain constant for a range of activity ( A ) ( D was not the ans )

28) D Marginal Costing, Marginal Costing
29) D 6.5
30) D Price for the quotation
these are the corrects ans soo far
R u 100% sure about these answers?
 
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explain me lol !
b.r.s values were changed dude and one thing credited lodgement were added twice those are unrepresented cheques so we have to minus them. :)
secondly 28 is right it is repeated !
third debentures will result in cash but then u have to pay interest to them in the short run that will reduce ur profit.
GET IT ?

bro for the B.R.S, i have given u the details from which paper it belongs, check the markscheme. Debentures interest is paid annually not monthly, provide me the paper info for the mcq 28
 
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bro for the B.R.S, i have given u the details from which paper it belongs, check the markscheme. Debentures interest is paid annually not monthly, provide me the paper info for the mcq 28
so?
who's talking about months bhai :S net profit don't comes out monthly yaar..acha you are right im wrong happy :p
i agree with you b.r.s might be wrong im not sure, watch my previous said im not sure with 2 mcqs
i was getting A and B i ticked B khair you might be wrong secondly mark scheme's have wrong ans too :p
i'll search it for you theek hai ?
 
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so?
who's talking about months bhai :S net profit don't comes out monthly yaar..acha you are right im wrong happy :p
i agree with you b.r.s might be wrong im not sure, watch my previous said im not sure with 2 mcqs
i was getting A and B i ticked B khair you might be wrong secondly mark scheme's have wrong ans too :p
i'll search it for you theek hai ?

:p short term for me i guess refers to less than 1 year. well mayb i can b wrong but i m sure for the B.R.S one although i had to perform a ratalization for dat Mcq :S, and also the first one mcq of urs is too repeated also had rata on dat one :p
 
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:p short term for me i guess refers to less than 1 year. well mayb i can b wrong but i m sure for the B.R.S one although i had to perform a ratalization for dat Mcq :S, and also the first one its repeated
lol kuch nahi hotta hai :p
Yaar first is right google karlo tum dobara dont go for mark scheme they have wrong ans too...
google pay you'll find a right ans.
I think B is right for B.R.S do it again
 
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Ok, now stop arguing and discuss tomorrow, tomorrow everything will be inshAllah cleared, the paper was tough and the grade thresholds will be low inshAllah
Best of luck to those having papers tomorrow
 
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i have variant 12 too.
secondly just want to tell you that
Partnership admission and retirement ( the most difficult topic in A2 thats what i think )
limiting factors ( A2)
cash budgets ( A2)
all of them are now in As!

yes i have done admission ad retirement which has been previously seen in AS past paprs.i know limiting factors as well. jus dont know how to prepare cash budgets.

thanks for telling btw.
 
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