Economics, Accounting & Business: Post your doubts here!

[Sarah Paul]

do u hv ny notes on limited companies?
i dont understand the shares stuff at all

Reffer txt book

 

[Tushar968]

how do u find mark up

Enter cost of sales
Then based on mark up find gross profit
Then u van find sales
Yhen u can find net profit based on NP Ratio then get the expenses

 

[Sarah Paul]

GP ratio is margin
Mrgin u change it to mark up

 

[Tushar968]

thank you so much

 

[Sarah Paul]

thank you so much

Welcome
NP

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w08_qp_2.pdf

How to get the capital acoount balances fr each year? :O :O :O
Q1a

 

[David Hussey]

normal sales are those that are sold as routine, wont include sales return n clearance should be deducted

Dr current ac Henry 6600
Cr current ac Robin 1000
Dr current acc henry 10400
Cr current acc Intrst on capital Henry 120000*8%
Robin 80000*8%
Dr current acc Drawings Henry 120000*10%
Robin 80000*10%
Dr current acc int on drawings Henry and Robin (drawings amount * 5%)
Cr current acc Salry of Henry and Robin
Find ou NP and divide the share of profits according to the ratio of capital invested and cr it to current ac

Find the remaining balance

you guys ever heard of "start a conversation" in xpc?

 

[Sarah Paul]

you guys ever heard of "start a conversation" in xpc?

LOL y?
Why is it wrong?
No i havent

 

[David Hussey]

LOL y?
Why is it wrong?
No i havent

so many messages -_-

 

[Sarah Paul]

so many messages -_-

LOL
I know i know
This is the doubts thread na so continued here

 

[rackstagryan]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w08_qp_2.pdf

How to get the capital acoount balances fr each year? :O :O :O
Q1a

its done check conversation

 

[ParicJ]

?Can anyone tell me do we need to include interest on loan ( if the loan is used to finance the project ) when calculating NPV and ARR?

 

[Sarah Paul]

its done check conversation

Yes thank you i realised hw careless i can become

 

[rackstagryan]

Yes thank you i realised hw careless i can become

lol too much studying leads to being careless

 

[Sarah Paul]

lol too much studying leads to being careless

Hmm hu sed that i studied too much?
LOL maybe
Hope it dsnt happen tomorow as well

 

[rackstagryan]

?Can anyone tell me do we need to include interest on loan ( if the loan is used to finance the project ) when calculating NPV and ARR?

If u have been given the net cashflows i suppose u will have to add interest on loan to calculate your net profit in order to calculate the ARR but for NPV sincce we use cash flows you might not need to use the interest on loan. however it all depends on the question
hope i helped

 

[rackstagryan]

Hmm hu sed that i studied too much?
LOL maybe
Hope it dsnt happen tomorow as well

well if u havent studied properly you will keep reading the question many times *speaking with experience*

 

[Sarah Paul]

well if u havent studied properly you will keep reading the question many times *speaking with experience*

O I C
Hmmm

 

[CЯeScɘnt]

you guys ever heard of "start a conversation" in xpc?

conversation??? what does this word mean?

 

[TeenStar]

Hello, can someone tell me the journal entries to correct this error?

(i) Goods on sale or return £2 760 had been included in the revenue (sales). On 31 March 2011
the customer had not notified Zahin of the intention to purchase the goods. The goods had cost
Zahin £1 900

Thanks in advance