Economics, Accounting & Business: Post your doubts here!

[maryamshake94]

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

in the profit statement you'd add the over absorption and subtract the under absorption.
yeah its only used in absorption costing.

 

[maryamshake94]

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

we only have A has the highest grade anymore.

 

[redapple20]

Chal take the A and throw da star.

 

[cheesww]

can someone briefly explain
under.over absorption plz
thanks in advance !

 

[wajiman]

can someone briefly explain
under.over absorption plz
thanks in advance !

over absorption happens when the actual fixed is more than budgeted, and under absorption happens when the actual fixed is less than budgeted.

 

[redapple20]

Are partnership changes and cash budget part of As level now? Plz tel sum1

 

[maryamshake94]

Are partnership changes and cash budget part of As level now? Plz tel sum1

Cash budget is not, partnership changes are a part of AS!

 

[redapple20]

Thnx

 

[hamza_sheikh182]

hey can anyone help me with this.
can someone explain me the errors in question 2 to reconcille sales ledger and sales control account.

 

[wajiman]

Cash budget is not, partnership changes are a part of AS!

cash budgets are part of the AS, pls check syllabus page 12, Part D, under the heading of financial accounting, right side para 2nd last line

 

[maryamshake94]

cash budgets are part of the AS, pls check syllabus page 12, Part D, under the heading of financial accounting, right side para 2nd last line

okay. what do you mean by cash budgets, exactly?

 

[wajiman]

okay. what do you mean by cash budgets, exactly?

budget is a future plan expressed in numerical terms similarly, cash budget is the future uses of cash in terms of expenses and receipts

 

[maryamshake94]

budget is a future plan expressed in numerical terms similarly, cash budget is the future uses of cash in terms of expenses and receipts

can you give me some notes on this? and if there is a format could you give that too. :$

 

[00mfr]

budget is a future plan expressed in numerical terms similarly, cash budget is the future uses of cash in terms of expenses and receipts

we only need the definition ryt cuz my teacher said tht the format is not coming for AS

 

[Somia uddin]

is there any bank account format

 

[wajiman]

we only need the definition ryt cuz my teacher said tht the format is not coming for AS

according to the syllabus, it stats that the students should know the basic format, dont know if it will be tested or not.

Format is

Income:
Cash sales
Debtors: 1 month
2 month

Disbursements:
Purchases
Credit Purchases: 1 month
2 month
other cash expenses
Net cash
add cash and cash equivalents brought forward
cash and cash equivalents carried forward

 

[redapple20]

Ye waise hota haina? Wid da help of a tree?

 

[00mfr]

according to the syllabus, it stats that the students should know the basic format, dont know if it will be tested or not.

Format is

Income:
Cash sales
Debtors: 1 month
2 month

Disbursements:
Purchases
Credit Purchases: 1 month
2 month
other cash expenses
Net cash
add cash and cash equivalents brought forward
cash and cash equivalents carried forward

yaar *facepalm* i have not learnt this and i deeply hope it does not come

 

[redapple20]

Hello this goes in steps ryt? Like a horizontal ladder? Plz tel agar kisi ko pata ho to mjhko btade pls

 

[wajiman]

Hello this goes in steps ryt? Like a horizontal ladder? Plz tel agar kisi ko pata ho to mjhko btade pls

ya and the format is given in h.randall at pg 271