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ABSORPTION AND MARGINALdude, whats the answer of the marginal and absorption question??
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ABSORPTION AND MARGINALdude, whats the answer of the marginal and absorption question??
ok what about the vehicle question? was it 4000 or 1500?ABSORPTION AND MARGINAL
ok what about the vehicle question? was it 4000 or 1500?
it was carriage inwards Cr
carriage outwards Dr
or vice versa, i cant remember, but the answer is B
Yup!so the ans was dr balance right
what about the last question?? D?club ans was a
I just need justification from you. I dont care what your teacher is broDUDE THE ANSWER STATED IN MY PREVIOUS STATMENT ARE CORRECT. I STAND BY MY STANCE AND BTW THESE ANSWERS ARE APPROVED BY MY TEACHER AND HE IS ALSO THE EXAMINER OF ACCOUNTS SO PLEASE DONT ARGUE WITH ME AND STEPPED COST WAS 85000
It is carriage outward debit.1500 ..just tell me what was the question asking in 1 was it asking about cr balance or dr balance i dont remember which one i marked... i think i marked dr balance carriage
Even i wrote A for this...bt someone said clubs do not make trading ac. and its suppose to be the one with subscriptions and bad debt. But i am still confused....were we asked abt the trading by the club or the trading account???club ans was a
sorry for that... newbie mistake!Hello boy dnt say damn
Anushya ans is AEven i wrote A for this...bt someone said clubs do not make trading ac. and its suppose to be the one with subscriptions and bad debt. But i am still confused....were we asked abt the trading by the club or the trading account???
I got the paper ill put a video on youtube with all correct ans with relevant explanation just wait till sundayIt is carriage outward debit.
A CLUB OR A SOCIETY DOES NOT HAVE A TRADING ACCOUNT!!!Anushya ans is A
it is because the option said they 1)
2) they might suffer bad debts
3) subscription received is credited to income and exp Acc.. as a INCOME
1) They may have a trading account.
Secondly subscription received is not credited to income and expenditure account directly.
Subscription received includes Arrears and Prepayments on subscriptions, so receiving and crediting it to Income does not make any sense.
We need to make a income account to determine amount of subscription to be transferred to I and Exp account.
Yes it does, for any trading activities it may carry out such as a canteen or a shop.A CLUB OR A SOCIETY DOES NOT HAVE A TRADING ACCOUNT!!!
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