Economics, Accounting & Business: Post your doubts here!

[WaleedUQ]

Yeap Can you please show that OCR paper

ill post it when ill revise accounts for p3 and p4 ! dont you worry

 

[fahadzaidi96]

ill post it when ill revise accounts for p3 and p4 ! dont you worry

Anyways how was your paper??

 

[WaleedUQ]

haha ! lol , I hate Costing - process , budgeting . and love all the topics except these

budgeting is easy
but when it comes to production and purchase budgets its pain in the ass
i hate process costing
when work in progress and etc comes!
do you have eco p3 and p4 ?

 

[WaleedUQ]

Anyways how as your paper??

well im expecting 90

im not proud but my paper went super sexy

 

[Faadii]

budgeting is easy
but when it comes to production and purchase budgets its pain in the ass
i hate process costing
when work in progress and etc comes!
do you have eco p3 and p4 ?

yeah! I've both of them A2 Accounts and Economics , your comment is right about budgeting and process costing

 

[fahadzaidi96]

lol okay... who is your teacher at nixor??? Omair masood I guesss

 

[WaleedUQ]

lol okay... who is your teacher at nixor??? Omair masood I guesss

no i have noman rashid.
omair masood ki classes full hogaye thi

 

[WaleedUQ]

yeah! I've both of them A2 Accounts and Economics , your comment is right about budgeting and process costing

are you down with eco ?
i love economics esp macro
monetary fiscal etc..
as economics was boring
a2 is fun

 

[fahadzaidi96]

no i have noman rashid.
omair masood ki classes full hogaye thi

Zeenat farokkee only picks a star students right?? Because after As level I might be applying for nixor

 

[saimaiftikhar92]

no i have noman rashid.
omair masood ki classes full hogaye

I HAVE MY FRIENDS STUDYING WITH OMAIR MASOOD

 

[WaleedUQ]

Zeenat farokkee only picks a star students right?? Because after As level I might be applying for nixor

dude you dont have A* in As
no its not necessary
personal i dont like zeenat farookee
i was in Ambreen shah group
she charged my brain with Eco
she's the best

 

[WaleedUQ]

thats good he have a record of NO U's in his classes

 

[saimaiftikhar92]

thats good he have a record of NO U's in his classes

RECORD SHOULD BE OF A'S NOT U'S

 

[fahadzaidi96]

dude you dont have A* in As
no its not necessary
personal i dont like zeenat farookee
i was in Ambreen shah group
she charged my brain with Eco
she's the best

Nahi Yar I mean O level students
I got a star in eco Mashallah at o levels ...Inshallah if I get A in As level economics. I will be coming to nixor. So why dont you like zeenat farooke, Is she like Arrogant

 

[Saad Ghori]

GUYS I KNOW YOU WON'T BELIEVE ME
but i have done this question of manufacturing account.
It was in the past papers of OCR
OCR (Oxford, Cambridge and RSA Examinations[1]
i'll show you this question
Depreciation was to be charged on NON CURRENT ASSESTS!
on building as well, if the depreciation is not provided is doesnt mean that building was not supposed to be depreciated.
It could be bought in the year end, or in the start of the year
Their was no PROFIT
their was in fact NET LOSS 11000
depreciation of fact equip was 40k
depreciation for building was 120k
depreciation for office was 20.8 k
Goodwill was 85k
Bank balance was 196000
Aiden capital was 286 000
434 of Mahiria
balance sheet was balancing at 762000
PROFIT of 86K was supposed to be added minus drawings 44

One OAR was 6.7 something and assembly one was 4.53 something dont know the exact!
Indirect wages were apportioned on the basics of No. of employees
Repair and maintenance of machine on the basics of Cost of machinery
Machine was under absorbed and Assembly was over or vice versa. I dont remember much

Seems like you weren't the only one who solved OCR pastpapers.
Repairs were apportioned on the basis of machine hours not cost of machinery.
Want proof? http://www.xtremepapers.com/papers/..._Accounting_2504_June_2007_Question_Paper.pdf
Check question 3, its pretty much similar. Now check this mark scheme. http://www.xtremepapers.com/papers/...evel_GCE_Accounting_Mark_Scheme_June_2007.pdf
Skip to page 35
Wait till i find the manufacturing question and ill prove that to you too

 

[redapple20]

I like wat u say hunzzz but no ppr disscussion!!!!!!!! U r tallying ma ans upto evrythng except loss!

 

[WaleedUQ]

Seems like you weren't the only one who solved OCR pastpapers.
Repairs were apportioned on the basis of machine hours not cost of machinery.
Want proof? http://www.xtremepapers.com/papers/OCR/Accounting/2007 Jun/A_GCE_Accounting_2504_June_2007_Question_Paper.pdf
Check question 3, its pretty much similar. Now check this mark scheme. http://www.xtremepapers.com/papers/OCR/Accounting/2007 Jun/AS_A_Level_GCE_Accounting_Mark_Scheme_June_2007.pdf
Skip to page 35
Wait till i find the manufacturing question and ill prove that to you too

Production Department A: Direct machine hours for Department A.
Production Department B: Percentage direct labour cost for Department B.
now check this what this is written.
i know what you are saying my friend.
but dude we dont charge overheards on direct hours or direct labour.
Overheards are indirect cost in overhear anaylasis sheet.
Secondly dont go for past papers, showing solution and acting arrogant.
What in the world allows primary apportionment of overheads on direct cost or direct hours or something like that.
i know you are right, but read this paper again.
You'll get to know what did the examiner absorbed machine repairs and insurance on direct hours
Innisfail Enterprises Ltd is a manufacturing business. It currently absorbs its overheads using the
following methods.
Production Department A: Direct machine hours for Department A.
Production Department B: Percentage direct labour cost for Department B

 

[WaleedUQ]

RECORD SHOULD BE OF A'S NOT U'S

No saima.
every teacher somehow gets unlucky with their students having U grade.
Put omair promises that even the student is dumb, soo dumb that he cant even do account, he probably wont come up with an U !
Secondly 80% of his students have A

 

[saimaiftikhar92]

No saima.
every teacher somehow gets unlucky with their students having U grade.
Put omair promises that even the student is dumb, soo dumb that he cant even do account, he probably wont come up with an U !
Secondly 80% of his students have A

I DONT KNOW ....................I DONT TAKE TUTIONS

 

[WaleedUQ]

Nahi Yar I mean O level students
I got a star in eco Mashallah at o levels ...Inshallah if I get A in As level economics. I will be coming to nixor. So why dont you like zeenat farooke, Is she like Arrogant

I got 92% A* in Eco, two years back in olevels but i didnt get zeenat kyunke her classes were full.
No she's not arrogant haan tori se hain, but she gives a lot of homework and her extra classes, woh zaleeel bhi buhat karte hain
Secondly please clear ur mind that nixor is not a party college.
I wanted to party and i applied to nixor
I got in and found out that their is only pharaye..
Students are with straight A*'s and A's in O level
abhi im in A2, we have got a student in As level who worldtopped in add maths
A lot of competition in nixor, ull really need to work hard my boy!
Study is not only important factor in nixor, if you are good at singing, acting, debate, sports and etc you can get it to college.
If you want to experience a great high school life, you should go to nixor.
I got into nixor on basics of my cricket skills