Economics, Accounting & Business: Post your doubts here!

[WaleedUQ]

What are the entries for bad debt recovered acc??

bank debit bad debts recovered credit

 

[WaleedUQ]

may/june 2003 paper 2 accounts Q3 how to calculte direct material labour and vriable overhead

their is no need to calculate the costs.
both of them are given in the question check again

 

[Somia uddin]

their is no need to calculate the costs.
both of them are given in the question check again

marking scheme gives ans by Direct material = 0.90 i know the method it is by dm / sales units ans is not coming

 

[Somia uddin]

doubt o/n 2003 Q 2 A dougal and florence revaluation amt doubt explain

 

[rfuzzy]

Can anyone tell me whether new treatement is applicable in private companies final accounts also?

 

[rfuzzy]

I mean treatement of dividends

 

[WaleedUQ]

I think i should do some theory for tomorrow paper!
fuzzy i didnt get you question,
will be back insallah around 2 am 3 am !

 

[rfuzzy]

I think i should do some theory for tomorrow paper!
fuzzy i didnt get you question,
will be back insallah around 2 am 3 am !

I mean that do we put interim and final dividends for the current year in profit and loss?

 

[redapple20]

Me too and I had a clashl!

 

[Esme]

This was how i did it,
147000-4000+12000-145000 = 10000
4000 = NBV of the machinery that was sold.
Theres no other adjustment to be done!

there is another adjustment. purchase of machinery 8800.

 

[maryamshake94]

Me too and I had a clashl!

same here! clash! :/

 

[redapple20]

Stats and bizz.

 

[maryamshake94]

Stats and bizz.

yeah!
how were the exams for you? did you find 'em easy or hard? asking generally!

 

[redapple20]

S1 no matter how I performed was easier than in past years and definitely easier than p3

 

[maryamshake94]

S1 no matter how I performed was easier than in past years and definitely easier than p3

yeah, compared to P1 too S1 was easy. still messed up big time, though. left 8-10 marks and might lose more! if the GT is high i'm screwed. :/

 

[redapple20]

You wont b da only 1 :/

 

[WaleedUQ]

I need some help guys,
how do we calculate under and over absorption
and then how do we deal them please guys tell me

 

[maryamshake94]

I need some help guys,
how do we calculate under and over absorption
and then how do we deal them please guys tell me

when the actual expenses incurred are less than the expenses absorbed it is known as over absorption. and if the actual expenses are greater than the absorbed ones it is called under absorption. to calculate just find the difference of actual expenses and the budgeted ones. this difference would be the amount over/under absorbed, depending on the above given facts.

 

[WaleedUQ]

when the actual expenses incurred are less than the expenses absorbed it is known as over absorption. and if the actual expenses are greater than the absorbed ones it is called under absorption. to calculate just find the difference of actual expenses and the budgeted ones. this difference would be the amount over/under absorbed, depending on the above given facts.

Then what we do in income statement what to add and what not too.
and it comes in absoprtion costing right ? not used in marginal costing

 

[redapple20]

Best of luk all! May Allah give all o u A STARRRRRS!