Economics, Accounting & Business: Post your doubts here!

[shahz_h]

(875x13.5x12)-120000=21750

Where did u get that 12 from??

 

[sunny987]

12 months in a year.

 

[shahz_h]

12 months in a year.

Ohh ok.. thnx alott!!

 

[shahz_h]

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?

Plzz some1

 

[WayneRooney10]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s12_qp_43.pdf
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s12_ms_43.pdf
Q1. C (i). The calculation for trade payables turnover is wrong in the mark scheme, isn't it? The credit purchases value, to me, seems wrong.

 

[student92]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w12_qp_41.pdf​

Q1 E iii​

how to calculate capital cost
using the first year capital cost 1/0.909 =1.10
now, we ususaly are given capital cost in percentage, so 1.10X100= 110
this minus 100=10% which is our capital cost

now, just to confirm, we cna use second years capital cost tooo, 1/826= 1.21
now take a square root of this =1.10
therefore, same 10% capital cost

now, for 3 year, we can do same, but this time take a cube root​

hope this helps,​

Ya Allah!, help us all succeed in our exams​

Ameen​

 

[Esme]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_43.pdf
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_ms_43.pdf
Q1. C (i). The calculation for trade payables turnover is wrong in the mark scheme, isn't it? The credit purchases value, to me, seems wrong.

Yeah they've taken the cost of sales instead of the purchases.. It should be wrong but they've done the same in another paper too.. I'm confused about this

 

[student008]

Yeah they've taken the cost of sales instead of the purchases.. It should be wrong but they've done the same in another paper too.. I'm confused about this

If it comes tomorrow, what are we gonna do?

 

[sunny987]

Yeah they've taken the cost of sales instead of the purchases.. It should be wrong but they've done the same in another paper too.. I'm confused about this

Which other paper? Year?

 

[Esme]

If it comes tomorrow, what are we gonna do?

I really don't know. I think it has to be purchases cuz we've always done it like that. But then again the marking scheme cannot be wrong about the same thing twice....
The formulas given at the end of the syllabus show purchases, so maybe we'll take purchases

Which other paper? Year?

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w11_qp_43.pdf
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w11_ms_43.pdf
Q2 c iii) While calculating for 2010, they've taken the cost of sales to find trade payables turnover

 

[starlight123]

any important last minute revision tips???

 

[student008]

I really don't know. I think it has to be purchases cuz we've always done it like that. But then again the marking scheme cannot be wrong about the same thing twice....
The formulas given at the end of the syllabus show purchases, so maybe we'll take purchases



http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_43.pdf
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_ms_43.pdf
Q2 c iii) While calculating for 2010, they've taken the cost of sales to find trade payables turnover

Yup, i think it's better to be with the syllabus and book rather than the mark scheme, still I am worried..What logic are the examiners using?! God knows! InshaAllah, hopefully we all ace tomorrow's paper and achieve the highest grades possible (Y)

 

[Esme]

student008 student92 WayneRooney10
I just talked to a friend of mine who is an ACCA student and she said that if Purchases are not given to us in the question then we have to use Cost of sales. Now I'm not saying this is 100% confirmed to be correct but that's what I will do. The rest is up to you guys

 

[Esme]

Yup, i think it's better to be with the syllabus and book rather than the mark scheme, still I am worried..What logic are the examiners using?! God knows! InshaAllah, hopefully we all ace tomorrow's paper and achieve the highest grades possible (Y)

Ameen

 

[student008]

student008 student92 WayneRooney10
I just talked to a friend of mine who is an ACCA student and she said that if Purchases are not given to us in the question then we have to use Cost of sales. Now I'm not saying this is 100% confirmed to be correct but that's what I will do. The rest is up to you guys

Ahaan! So if in the question, they provide us directly with the Purchases figure, I use purchases for TP turnover, otherwise cost of production. Thanks!

 

[fahadzaidi96]

Do not ever do that because marking scheme is sometimes incorrect as they are not final , they are just draft copy subject to corrections . Secondly do not ever deviate from the original formula both the question listed above have the stocks hence we can easily work out purchases

SECONDLY nov 12 question regarding carrying value is expected so prepare for it before going to your center

 

[starlight123]

Do not ever do that because marking scheme is sometimes incorrect as they are not final , they are just draft copy subject to corrections . Secondly do not ever deviate from the original formula both the question listed above have the stocks hence we can easily work out purchases

SECONDLY nov 12 question regarding carrying value is expected so prepare for it before going to your center

the impairment question???

 

[fahadzaidi96]

Yes

 

[student008]

Do not ever do that because marking scheme is sometimes incorrect as they are not final , they are just draft copy subject to corrections . Secondly do not ever deviate from the original formula both the question listed above have the stocks hence we can easily work out purchases

SECONDLY nov 12 question regarding carrying value is expected so prepare for it before going to your center

I am not sure but what we do is find purchases from cost of sales simply by using the COGS, Op. Inv and Cl. Inv.; there are chances we could be doing this wrong due to the possibility of return outwards and carriage inwards. We don't have the trial balance so we could double check. Hence, I guess if they haven't given us the Puraches fig, we use the cost of sales though i'm not sure.

 

[Rishad_7]

guys anyone giving the accounting Alvl paper 4 today.????? if soo thn give me some suggestions...