Economics, Accounting & Business: Post your doubts here!

[urvesh]

Q19 AND 24 here - http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_12.pdf

Bugging me!

 

[Mohammed Hassan]

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

 

[urvesh]

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

 

[parthrocks]

Hey CAN ANYONE PLZZZ TELL ME ECO DOUBT...IS EXPENDITURE SWITCHING POLICY THE SAME AS TRADE PROTECTION MEASURES?

 

[parthrocks]

CAN ANYONE SEND ME A LINK OF THE AGGREGATE SUPPLY CURVE?

 

[starlight123]

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

 

[Mohammed Hassan]

Guys, plz anyone help me in this question, why the answer is D?
Thnx in advance

 

[Mohammed Hassan]

Answer is B, you are right

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

 

[parthrocks]

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

 

[SUMMERLOV35]

CAN SOMEONE PLEASE HELP ME WITH Q15
ANSWER IS C BUT HOW?

 

[Esme]

Please explain this question...

 

[Wanzi21]

how about this one? I want the method.. plz

 

[SUMMERLOV35]

how about this one? I want the method.. plz

1041/3=347
347X2=694 since you charge for sept and oct
156/3=52
52x2=104

694+104=798

 

[SUMMERLOV35]

Please explain this question...View attachment 10288

the incoming partner should be credited for his share of goodwill
so anything brought in by him would be shared among the existing partners
so 30000/2=15000

 

[youzair]

Tensed for Economics Paper2! ​

 

[shahz_h]

Could any1 solve my following doubts??
Here is da link:http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s06_qp_1.pdf
Q. 20 ans is a
Q. 22 ans is a
Q. 28 ans is a
Q. 29 ans is b
http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_w06_qp_1.pdf
Q. 11 ans is c
Q. 12 ans is c
Q. 17 ans is a
Q. 22 ans is d
Q. 24 ans is c
Q. 26 ans is d
Thanx in advance!!

 

[wajiman]

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

 

[youzair]

I hate you Darling :'(​

 

[Anusuya]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w09_ms_12.pdf
Ques. no 26?? What job costing actuallly mean?
Ques. no. 29??

 

[mimiswift]

I hate you Darling :'(​

who doesn't!
it's funny that you called a book darling!