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Economics, Accounting & Business: Post your doubts here!

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vineeth jain

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student92 said:
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w12_qp_41.pdf
q2 e i
can someone explain me the logic behind this, eps formula
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w12_ms_41.pdf
Click to expand...

eps formulae is = profit attributable to equity holders/total ordinary shares
in this case u have to use weighted average ordinary shares
as the shares were issued 3 moths after the trading for the year began
so 800,000*9/12 = 600,000
total 1600,000 + 600,000 shares issued

same with roce
but not for gearing
 
student92

student92

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sunny987 said:
A bad debt of $500 was written off during the year. It had not been entered in the books
of account.
A bad debt of $400 written off in the year ended 31 March 2009 was partially recovered.
The debtor paid, by cheque, $0.50 for each $1 owed. No entries had been made in the
books of account.
If these two are the entries regarding bad debts then what is the amount to be as bad debts in bank account in partnership.
Click to expand...

its 200 to be debited in the bank account, as the debtor payed 0.5/1 into 400 = 200
 
student92

student92

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vineeth jain said:
eps formulae is = profit attributable to equity holders/total ordinary shares
in this case u have to use weighted average ordinary shares
as the shares were issued 3 moths after the trading for the year began
so 800,000*9/12 = 600,000
total 1600,000 + 600,000 shares issued

same with roce
but not for gearing
Click to expand...

what is the reasoing behind doing this
whay dont we do the same for diivdend per share?
 
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shaahid

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In dissolution or business takeover, when drawing the realisation a/c do we record debtors and creditors or only the discounts?
 
student008

student008

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Ferwine222 said:
Hi guys! Anyone can help me with question 2(a), on accounting, it's about calculating a partners drawing. Here the link http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_42.pdf
Click to expand...

The drawings question in part b of q2. It's simple, you just need to prepare a detailed current a/c with their former balances, i.e. not applying the Partnership Act 1890 with the balancing figure being the Drawings amount.

Hope that helps.
 
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Ferwine222

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student008 said:
The drawings question in part b of q2. It's simple, you just need to prepare a detailed current a/c with their former balances, i.e. not applying the Partnership Act 1890 with the balancing figure being the Drawings amount.

Hope that helps.
Click to expand...

Oh sorry my bad.. Ok thanks a lot! Really helps a lot!
 
student008

student008

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Wen Bin said:
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_43.pdf
Can anyone solve me Q3 d (ii) and (iv)? I've been confusing about the calculation of variances...
Click to expand...
Q3 d ii) DM Usage Variance formula= (SM-AM)*SP
SM is 4200 but we need to flex this. We do that by multiplying it by the actual output in units and then dividing it by the budgeted output in units. So, it becomes 4200*1600/1400=4800 kg. Hence, (4800-4600)*8.2=$1640 Favourable
For q3 d iv) DL Rate Variance= (SR-AR)*AH
=(10-10.2)*2200
=($440) Adverse
Done!
 
student008

student008

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shahz_h said:
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w06_qp_4.pdf
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w06_ms_4.pdf
Could any1 pleez help me with Q.2 prt a?
Click to expand...

Accounts, Eco & Business: Post your doubts here!

This might help you. I guess you are going wrong with flexing the standard materials. Always flex them by diving it with budgeted output in units and then multiplying it with actual output in units.
 
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sunny987

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shaahid said:
In dissolution or business takeover, when drawing the realisation a/c do we record debtors and creditors or only the he discounts?
Click to expand...
Write the original value of debtors (the balance sheet one) on the debit side and creditors one on the credit side. Then write the amount recieved from debtors as 'bank-debtors' on credit side and amount paid to creditors on dr side as 'bank-creditors. ' Hope it helps.
 
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