Economics, Accounting & Business: Post your doubts here!

[IGCSE Abdullah]

whats the problem bro? which topic do u have problems with? havent u done OL Accounting?

Yes I have given
Look chapter 12 question 1 how to calculate the provision of doubtful debts in the p&l n balance sheet?

 

[Sarah Paul]

From where can i get guess papers?

 

[wohooo]

Please help me on 9706/33/m/j/12 no 26

 

[David Hussey]

Yes I have given
Look chapter 12 question 1 how to calculate the provision of doubtful debts in the p&l n balance sheet?

Dude which book?

From where can i get guess papers?

no idea

 

[David Hussey]

Please help me on 9706/33/m/j/12 no 26

bro its like this
sales 118000
O/s (8000)
C/s 10000
therefore Purchases = 120000

but they say there will be wastage of 20%

the 120000 purchases is therefore 80%, meaning after the wastage has been taken into account

120000=80
X =100

120000*100/80=X
therefore X= 150000

hope u understood!

 

[David Hussey]

Please help me on 9706/33/m/j/12 no 26

i mean sis sorry..

 

[:: A^]

what i got was 15000
but the mark scheme says 5000 and the only way to get 5000 is 2% * 250000
idk why they are using 250000, shouldnt it be 2%*750000 ? :s anyone?

Exactly. Anyone else has an opinion on this?

 

[David Hussey]

Exactly. Anyone else has an opinion on this?

i found the answer
the question says to find the "effect"
therefore the effect is the 250000
hope it clears ur doubt!

 

[IGCSE Abdullah]

i found the answer
the question says to find the "effect"
therefore the effect is the 250000
hope it clears ur doubt!

Accounting a level book

How to calculate depreciation on hire purchased asset???

 

[David Hussey]

Accounting a level book

How to calculate depreciation on hire purchased asset???

is your question regarding David's trial balance?

 

[David Hussey]

Accounting a level book

How to calculate depreciation on hire purchased asset???

i receommend you to try the pastpaper questions rather than the book questions..

 

[David Hussey]

recommend*

 

[IGCSE Abdullah]

is your question regarding David's trial balance?

Yes

 

[David Hussey]

Yes

okay so u want the prov for d/d
first
opn. debtors 19800
less bad debts 1700
18100
so the new balance is 18100
to find the provison balance sheet amount
it will be
(5%*18100) + 3100 =4005
this is the amount which will go in the balance sheet
for the p/l amount u deduct the opening balance of prov for d/d that is 800
4005-800=3205
hope u understood!

 

[Hiroki Ahamed]

i have problems in writing P2 answer(Ecoonomic AS)
can anybody help me out in details.

 

[IGCSE Abdullah]

okay so u want the prov for d/d
first
opn. debtors 19800
less bad debts 1700
18100
so the new balance is 18100
to find the provison balance sheet amount
it will be
(5%*18100) + 3100 =4005
this is the amount which will go in the balance sheet
for the p/l amount u deduct the opening balance of prov for d/d that is 800
4005-800=3205
hope u understood!

Thanks for the reply man
But y did u add 3100$??

N depreciation chapter question 2 where we have to calculate the depreciation on hire of purchase. How to get that depreciation?

 

[wohooo]

9706/33/o/n/11 no 23 help me?i don't understand the examiner report said 6000*90/100 only.question no 20 also

 

[wohooo]

Please someone help me 9706/33/o/n/11 no 20 and 23.thank you

 

[razahayat777]

Please someone help me 9706/33/o/n/11 no 20 and 23.thank you

20.
Number of units * (Selling Price - Variable Costs) = Total Profit + Total Fixed Costs

Total Fixed Costs = 110% of (2000*$80) = $176000

Number of Units * ($315 - $150) = $140000 + $176000
Number of Units = $316000/$165
Number of Units = 1915.15 = 1916 C

23.
Material Usage = Opening Stock + Purchases - Closing Stock

Material Usage after a 10% loss = 6000 units
Actual Material Usage = 6000 * 100%/90% = 6667 units D

 

[benjamin123]

free a* quality economics revision notes at d2rek.wordpress.com