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Economics, Accounting & Business: Post your doubts here!

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the extra amount charged from a new partner over and above the capital is for
purchase of machinery
purchase of furniture
good will
payment of liabilities
 
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Guyzzzz how was your accounting exam of AS level?? :'( :'( :'(
Peoplee plzz replyy mee bcz m very much worried for my result :'(
 
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Can anyone give me examples of businesses having
power,
role,
task,
person and
entrepreneurial culture.
 
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A club provides the following information for a year.
Annual subscriptions received in the year 4, 000
Annual subscriptions received in advance 50
at the end of the year
Balance on Life Subscriptions account at 500
beginning of the year
Life subscriptions received during the year 100

The club's policy is to credit life subscriptions to the Income and Expenditure account over five years.
How much should be credited to the Income and Expenditure account for subscriptions for the year?
 
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I got a C in AS, with 66 as my average. Can I get an A without resitting AS despite finding Accounting kinda tough? 'kinda ough' do-able but with great difficulty..
 
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Formula for multiplier - 1/MRT+MRS+MPM or Change In Income/Change in Injection

MRT = 0.15 (15/100)
MPM = 0.30
MPS = 0.05

Therefore 1/(0.15+0.3+0.05) = 2

Substitute this answer to the other formular.
Change in income is given (10000)
so.
10000/x = 2
x=5000=Change in injection/spending
InititalSpending = 15000
Change 5000
Total = 20000 :)
 
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