Economics, Accounting & Business: Post your doubts here!

[Dudu]

Getting a lil confused now. Help please!
You know how you can have B/D and C/D Advanced Prepayment and the same for owings?
How do you know which goes to which side for different accounts?

 

[Rizwanjubail]

Waalikum assalam
There is no A star at AS Level, the higest grade achievable is an A,

Thanx a lot

 

[Rizwanjubail]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_11.pdf
Can some1 plz explain Q29
I got B but it is A
and Q26 why is it C??

 

[Rizwanjubail]

There is an 'a' grade for AS level, there's no a star.

Thanx a lot

 

[Rizwanjubail]

Can we get an overall "A" grade in Accounts if we get "B" in Paper1 and "A" in Paper2???

 

[Dudu]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Help me outt!p.s! ASAP
Q.14 Ans is C
Q.23 Ans is D
Thnx in Advnc

I think this is how you do 23)
Stock Turnover = C.O.S/AVG STOCK

so for Option A we have X/1000 = 8
So C.o.s for A is 8000

Option A Markup is G.P/C.o.s ... Mark up 15% given.
GP/8000=0.15
GP = 1200

Do the same for all. D should be the highest GP.

 

[Dudu]

Can we get an overall "A" grade in Accounts if we get "B" in Paper1 and "A" in Paper2???

I would assume it depends on how much your mark is above the minimum mark required for A for paper 2 or vice versa but yes i do believe you can. Could be wrong though

 

[DiaJ93]

Q14) prepare a trading account with sales-(60x25)+(20x10), purchses-(100x16), closing stock-(20x16), that should give you a gross profit figure of 420.
Q23) the answer D, shows the highest inventory turnover, meaning that it has the highest demand for it's products and has the highest mark up on cost, so highest profits

 

[Rizwanjubail]

I would assume it depends on how much your mark is above the minimum mark required for A for paper 2 or vice versa but yes i do believe you can. Could be wrong though

ok thanx

 

[Rizwanjubail]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_ms_12.pdf
Can someone plz help me out in q19? Capital Employed= Net current assests + fixed assests - long term liabilities
But when u subtract long term liabilities, u will get 29 which is not the answer and when u dont subtract u get the right answer and that is the right answer (D). Please someone quick.

 

[shahz_h]

I think this is how you do 23)
Stock Turnover = C.O.S/AVG STOCK

so for Option A we have X/1000 = 8
So C.o.s for A is 8000

Option A Markup is G.P/C.o.s ... Mark up 15% given.
GP/8000=0.15
GP = 1200

Do the same for all. D should be the highest GP.

Thnx dat helpd
nd cud any1 solv Q14 plzz

 

[Martee100]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_ms_12.pdf
Can someone plz help me out in q19? Capital Employed= Net current assests + fixed assests - long term liabilities
But when u subtract long term liabilities, u will get 29 which is not the answer and when u dont subtract u get the right answer and that is the right answer (D). Please someone quick.

Cap.Emp is Non CA + CA - CL so

128000 x 100
512000

 

[Narcotic]

Thnx dat helpd
nd cud any1 solv Q14 plzz

Sales( (25*60) + (20*10) ).................1700
less:COS
Purchases..........................1600
less:closing stock...............(320)
COS....................................................(1280)
GP.......................................................420

 

[shahz_h]

Sales( (25*60) + (20*10) ).................1700
less:COS
Purchases..........................1600
less:closing stock...............(320)
COS....................................................(1280)
GP.......................................................420

But da 20 units which r damaged r nt yet sold. so y r they not included in invntry?

 

[student92]

Can we get an overall "A" grade in Accounts if we get "B" in Paper1 and "A" in Paper2???

yes you can, insha Allah, each paper has its relevant weightage , generally, p2 has more weightage than p1

 

[shahz_h]

But da 20 units which r damaged r nt yet sold. so y r they not included in invntry?

Anywys I got it. Thnx 4 helping me

 

[shahz_h]

Well!! all da hardwork of 1 yr & finallyy around 16 hrs leftt 4 da ppr
I wud like to thank all who hlpd me & wish evry1 giving papers 2mrw All da very best
A kind requst 2 all: Remmbr me in ur prayrs

 

[Rizwanjubail]

yes you can, insha Allah, each paper has its relevant weightage , generally, p2 has more weightage than p1

Thanx man...

 

[Rizwanjubail]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
Can some1 plz explain briefly Q19 because i m really confused with Share Premium thingy, Plz explain to me that how Share premium is changed when rights issues or bonus issue takes place.
PLZ ITS URGENT.I HAVE EXAM AFTER AROUND 14 HOURS.....

 

[shahz_h]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_qp_11.pdf
Cud any1 help me out wid diz 1?plz ASAP
Q. 30 Ans A i had chosen B