Economics, Accounting & Business: Post your doubts here!

[urvesh]

all you have to do is 3000x20/120=500

ÜProvision of unrealized profit of on stock should be made if closing stock of manufactured goods is valued at transfer price.​

stock (at transfer price )x mark-up% /100%+mark-up%​

​

​

Thanks a lot, but the answer is A ($100)

 

[SUMMERLOV35]

see WITH THE SLM U GET IT AS 4000 AND WITH RBM U GET IT AS 4500 THE NET BOOK VALUE THUS THE DIFFERENCE 500 IS WHAT IS MORE...AS VALUE'S MORE.....SO 18000 PLUS 500HOPE U UNDERSTOOD

wait how do you get 4500 using rbm??

 

[urvesh]

see dude

1 200 000
add

800 000
add
nt the fixed selling overheads as it says absorption cost basis........and so the budgeted units are 10000 so divided by

10 000
which will give u 200

Thanks broooooo

 

[SUMMERLOV35]

Thanks a lot, but the answer is A ($100)

my bad then you do the same for 2400x20/120=400
500-400=100

 

[parthrocks]

wait how do you get 4500 using rbm??

iT SAYS IN YEAR 3 THE VALUE IS 25%...RIGHT!!!!!!!!!SO THATS WHY ONLY FOR YEAR 3 AND YEAR 1 AND YEAR 2 2000!

 

[urvesh]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_qp_11.pdf

Q11 please!!!!

 

[urvesh]

my bad then you do the same for 2400x20/120=400
500-400=100

Thanks!

 

[SUMMERLOV35]

iT SAYS IN YEAR 3 THE VALUE IS 25%...RIGHT!!!!!!!!!SO THATS WHY ONLY FOR YEAR 3 AND YEAR 1 AND YEAR 2 2000!

oh now i get it ! thanks (Y)

 

[parthrocks]

CAN SOMEONE HELP ME WITH THIS ONE...PROPER EXPLANATION PLZZ...

 

[parthrocks]

CAN SOMEONE HELP ME WITH THIS ONE...PROPER EXPLANATION PLZZ...
View attachment 10314

CAN ANYONE PLZZ TELL ME THE METHOD?

 

[SUMMERLOV35]

CAN ANYONE PLZZ TELL ME THE METHOD?

Goodwill for Y is 6600/3=2200
revaluation gain=3000/3=1000
so for example in capital account you have bal b/d 15800+1000+2200
but current account in is negative so subtract
you get 15500

 

[parthrocks]

Goodwill for Y is 6600/3=2200
revaluation gain=3000/3=1000
so for example in capital account you have bal b/d 15800+1000+2200
but current account in is negative so subtract
you get 15500

thank u!!!and everyone best of luck!!

 

[parthrocks]

( BEST OF Luck everyone dnt worry......we will do wellllll.....ALL THE BEST......AND ALL IS WELL

 

[Wanzi21]

help.. I'm really confused

 

[amar_123]

current ratio = CA/CL
CA/(8000+2000) = 2/1
CA = 20,000

Acid test ration = (CA-stock)/ CL
1.5:1 = (20000-stock)/10,000
stock = 5000 (B)

thanks and can you please explain the answer for q24 and q 26, it'll be great help for me =)

 

[wajiman]

View attachment 10317


help.. I'm really confused

it sure is a tough one, is the answer B?

 

[shahz_h]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w10_qp_11.pdf
PLEEZ!!HELP!!HELP!!
Q. 1,3,5,11,and28
Thanx in advance!!!!

 

[Vinita Manek]

any1 smthng fr eco?????tips hw to ans data response?

 

[Wanzi21]

it sure is a tough one, is the answer B?

the answer is C :/

 

[wajiman]

the answer is C :/

it was easy, i did a mistake

if you see the column received year ended 31 december for 2009, just add all the of them 100 + 2100 + 200 = $2,400
now comes the income and expenditure account. as we can see in 2008 we received $300 advance for year 2009 and in 2009 we received $2,100 for the year 2009 and in 2010 we received $400 for the year 2009 which were due and paid in 2010. so in income and expenditure for year 2009, the total will be $300 + $2,100 + $400 = $2,800