Economics, Accounting & Business: Post your doubts here!

[Navjot Singh]

Hey guys, i have been going through a mark scheme and found out that its wrong, is there a possibility that i am right?
From the sales we have to decrease the DM, DL and VC , but the answer is 6140 and the marks scheme says 6270.

 

[shaahid]

Any guesses for tomorrows paper?

 

[shaahid]

Hey guys, i have been going through a mark scheme and found out that its wrong, is there a possibility that i am right?
From the sales we have to decrease the DM, DL and VC , but the answer is 6140 and the marks scheme says 6270.
View attachment 26137

6270 is the addition of the three

 

[Dudu]

How do you calculate Capital (Accumulated Fund) from this?

Bloody 6 marks its worth.

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w09_qp_21.pdf

Answer is: 246 630

 

[Esme]

How do you calculate Capital (Accumulated Fund) from this?

Bloody 6 marks its worth.

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w09_qp_21.pdf

Answer is: 246 630

You have the opening and closing assets and liabilities... and also the opening and closing bank balances. Use this information to make the Statement of financial position for both years.. I think you should get the Accumulated fund then..

 

[Navjot Singh]

Thnx shaahid

 

[Taher Se]

yo dude....this thing is easy..

 

[Taher Se]

i tld u use opening balances...

 

[Taher Se]

(850+12150+84500+120000+9500+430+26200+2800)-(6700+900+2200)=246630

 

[Dinuka Malith]

Will partners be charged an Interest on drawings for taking GOODS(not cash) for personal use?

 

[Zhamed]

Guys need help with Costing
https://www.xtremepapers.com/community/threads/accounts-p2-1.25816/page-2

 

[Dudu]

(850+12150+84500+120000+9500+430+26200+2800)-(6700+900+2200)=246630

 

[SalmanPakRocks]

Will partners be charged an Interest on drawings for taking GOODS(not cash) for personal use?

Why not? Isn't that drawing? It's like a partner brings a motor vehicle into the business, you add that to his capital, right?

 

[Hasa321]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_qp_21.pdf

Can any1 help for question 3 (e) in absorption costing statement of profit how do you calculate the under and over absorption of overhead

 

[SalmanPakRocks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s11_qp_21.pdf

Can any1 help for question 3 (e) in absorption costing statement of profit how do you calculate the under and over absorption of overhead

it depends upon the production, if you produce more than the budgeted fixed cost, that is $4000, it's over absorbed, otherwise, it's under absorbed!

 

[Taher Se]

over/under absorption=budgeted overheads- actual overheads...

 

[Waleed007]

Hey guys, i have been going through a mark scheme and found out that its wrong, is there a possibility that i am right?
From the sales we have to decrease the DM, DL and VC , but the answer is 6140 and the marks scheme says 6270.
View attachment 26137

Well, the MS shows 6270-248=6023
However, the actual amount is 6022

 

[hsradaa]

anybody done with their accounts xams yet?

 

[shahz_h]

anybody done with their accounts xams yet?

Yaa, m done
It was good Alhamdulilla

 

[Anish khaitan]

Yaa, m done
It was good Alhamdulilla

Which paper ??