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Economics, Accounting & Business: Post your doubts here!

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for 2011
cost of sales,981 is given
so 981=227+X-441 where x is purchases, all purchases are on credit
so purchases=1195
payables is 347
347/1195 * 365 =106 days , which is not the answer wth? :/

I got the same answer too. Maybe the mark scheme is wrong. Did they use the cost of sales figure to calculate for 2010 just because the opening inventory for 2010 was not given?? Thank you for all your help!!
 
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Guys please tell me how to calculate share holders quity/ shareholders funds.

Please otherwise im going to lose a mark if this comes X/ and if anyone has the formula sheets for accounts, can you link them to me.

SHARE HOLDERS >_> equityy.
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_13.pdf
question 16

http://maxpapers.com/syllabus-materials/accounting-9706/attachment/9706_s13_qp_11/
question 24
http://cie.org.uk/programmes-and-qu...international-as-and-a-level-accounting-9706/
download 2014 syllabus
formulas are availabe
 
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204
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565
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103
Guys please tell me how to calculate share holders quity/ shareholders funds.

Please otherwise im going to lose a mark if this comes X/ and if anyone has the formula sheets for accounts, can you link them to me.

SHARE HOLDERS >_> equityy.
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_13.pdf
question 16

http://maxpapers.com/syllabus-materials/accounting-9706/attachment/9706_s13_qp_11/
question 24
http://papers.xtremepapers.com/CIE/...9706)/9706_y14_sy.pdf#page=23&zoom=auto,0,820
formulas n give me question no of those pepers:)
 
Messages
204
Reaction score
565
Points
103
Guys please tell me how to calculate share holders quity/ shareholders funds.

Please otherwise im going to lose a mark if this comes X/ and if anyone has the formula sheets for accounts, can you link them to me.

SHARE HOLDERS >_> equityy.
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_13.pdf
question 16

http://maxpapers.com/syllabus-materials/accounting-9706/attachment/9706_s13_qp_11/
question 24
shareholders funds include ordinary share capital+reserves:)
 
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View attachment 41031
Why dont we include Pref shares ? is it somtng like creditors o_O but for net Assets we still include pref shares o_O
Btw answer is C
2011 oct/nov ppr 11
it says value of ordinary shares, so dont take pref shares
so everything that belongs to ordinary shareholder is only taken and divided by 100000
50000+10000+20000+35000/100000=1.15
ans is c
 
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in paper 4 accounts
if they ask us for ratio question like trade receivables collection period and havent mentioned about rounding off? what to do?
for example? i get 16.215 answer should be 17 right?
 
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