Economics, Accounting & Business: Post your doubts here!

[The nerdy 1]

It's PLC that won't be tested, no the Private Ltd companies

jazakallah

 

[amandeep04]

Is AVCO out of our syllabus now?

 

[Moonflower17]

Is AVCO out of our syllabus now?

Nope it's still there, LIFO is out of syllabus now.

 

[3fatak]

Nope it's still there, LIFO is out of syllabus now.

seriously?? LIFO is out??

 

[SalmanPakRocks]

Paper contents are not to be discussed before 24 hours!

 

[3fatak]

Paper contents are not to be discussed before 24 hours!

ummm sorry i am new here.
but why?

 

[Fatima18]

Hi guys..I wanted to know whether the additional exercises in the accounting book of Harold Randall are for As level or A2???Also, em using the 2005(1st edition) version.Does that cover up the entire syllabus?

 

[lovely666]

PLSSSS ANY1 telll me how to find depreciation FOR MACHINERY as 10,000 ????(accounting AS) URGENT PLLSSSSS

 

[student92]

PLSSSS ANY1 telll me how to find depreciation FOR MACHINERY as 10,000 ????(accounting AS) URGENT PLLSSSSSView attachment 26012

we know the opening and closing values of machinery, as given in the question
as this information is in terms of net book value, we have to calculate the nbv of the sold off asset, and add the book value of the new bought machinay
so
opening value 147
add new purchase 12
deduct, old asset sold off (10-6) -4
value of assets =155
closing value, as stated 145

so the difference between the closing value we get and the value as stated on the balance sheet is our depreciation
please do ask me, if my explanation is not clear

 

[student92]

22 Despite a balance of payments deficit a country’s money supply remains unchanged.
What could explain this?
A The country’s foreign exchange rate is fixed.
B The government runs a budget surplus.
C There is a fall in the country’s foreign exchange reserves.
D The government runs a budget deficit financed by borrowing from the central bank.

please explain
the answer is d

 

[Hasa321]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w06_qp_2.pdf

Can any1 help how to do question 1? Especialy the goodwill a/c and capital accounts

 

[Dudu]

How do you get the capital figure from this?

​

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_23.pdf

Q 1
Answer is 212880.

 

[lovely666]

t

we know the opening and closing values of machinery, as given in the question
as this information is in terms of net book value, we have to calculate the nbv of the sold off asset, and add the book value of the new bought machinay
so
opening value 147
add new purchase 12
deduct, old asset sold off (10-6) -4
value of assets =155
closing value, as stated 145

so the difference between the closing value we get and the value as stated on the balance sheet is our depreciation
please do ask me, if my explanation is not clear

thnk yoo soo much... understood.

 

[Taher Se]

yh the ans is 212880...

 

[Taher Se]

use the opening balances....
(22300+100000+28400+65000+22400+1100)-(17500+800+5620+2400)=212880

 

[Dudu]

use the opening balances....
(22300+100000+28400+65000+22400+1100)-(17500+800+5620+2400)=212880

Ahh. For some reason i was using the Closing Balances. Cheers mate

 

[Taher Se]

 

[Taher Se]

ny guesses which topics might come in tomorrows exam....??

 

[ariesfun]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w05_qp_2.pdf

HW TO DO THE ABSORPTION COSTING STATEMENT QUESTION NO 3

 

[SalmanPakRocks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w05_qp_2.pdf

HW TO DO THE ABSORPTION COSTING STATEMENT QUESTION NO 3

let me provide you the solution, please wait!