Economics, Accounting & Business: Post your doubts here!

[David Hussey]

accounts paper 2 today?

 

[David Hussey]

Oksy sis
Thanks alot
Good luck

enough studying!

 

[Sarah Paul]

enough studying!

Cant men im rele scared

 

[Sarah Paul]

accounts paper 2 today?

yeah

 

[zainabkhann]

Hey can you please let me know why this question right here includes rent received owing in current assets when it shouldn't :/

I mean I remembered that current assets only included prepaid expenses the marking scheme states that 1300 rent receivable in current assets please explain this to me

Kind regards
Reference : summer 2012 23 paper

lol obviously you have to study the entire syllabus, but there is no harm in having guess papers
my previous teacher guess was almost close, she said we might get limitng factor and it did come in may june 2013
ill have to check with her again

 

[CЯeScɘnt]

accounts paper 2 today?

ryt

 

[zainabkhann]

Sorry wrong screenshot it's this

Hey can you please let me know why this question right here includes rent received owing in current assets when it shouldn't :/

I mean I remembered that current assets only included prepaid expenses the marking scheme states that 1300 rent receivable in current assets please explain this to me

Kind regards
Reference : summer 2012 23 paper

 

[Sarah Paul]

Hey can you please let me know why this question right here includes rent received owing in current assets when it shouldn't :/

I mean I remembered that current assets only included prepaid expenses the marking scheme states that 1300 rent receivable in current assets please explain this to me

Kind regards
Reference : summer 2012 23 paper

Thats coz income is the oppo of expenses prepayment of income under CL
accruals of all income under CA

 

[David Hussey]

Goodluck for P2 guys! Do your best and leave the rest to Allah!

 

[Sarah Paul]

Goodluck for P2 guys! Do your best and leave the rest to Allah!

jazakallah

 

[David Hussey]

jazakallah

Jazakallahu khaiR! *

 

[zainabkhann]

Thankyou so much this helps a lot! And u messaged back so quickly much appreciate this, can u also explain me how to calculate depreciation if I'm giving these values for depreciation

For equipment and motor vehicles

I'm getting wrong answer

Please explain this to me

Thats coz income is the oppo of expenses prepayment of income under CL
accruals of all income under CA

anh

 

[David Hussey]

www.youtube.com/watch?v=c2aXX9rpYpo
watch this (only 1 min video)

 

[zainabkhann]

Can you please tell me how they got bank over draft because in the question there is no mention of bank overdraft and in the balance sheet there is on under current liabilities

And. Also how did they get capital

I'm attaching both the question sheet and marking scheme for you to see

Much appreciate if you reply quick

Jazakallahu khaiR! *

 

[David Hussey]

Can you please tell me how they got bank over draft because in the question there is no mention of bank overdraft and in the balance sheet there is on under current liabilities

And. Also how did they get capital

I'm attaching both the question sheet and marking scheme for you to see

Much appreciate if you reply quick

Make a bank account
your balance brought down should end up on the credit side

 

[ZainNadeem]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w12_qp_11.pdf

Q 12 Why wont consumer surplus be halved?
Q 24 why A? Whats economic winners and losers?

Are there no economists here????
Pls reply....

 

[zainabkhann]

What? I don't understand, is this for the bank overdraft or the capital? And what do I enter in the bank account ? The balance b/d? What else

Sorry I'm kind of new to accounting, only been studying for 2 months and giving alevels

So pretty confused with how they got capital and bank over draft

Only 2 hours left till exam

Thats coz income is the oppo of expenses prepayment of income under CL
accruals of all income under CA

 

[David Hussey]

Can you please tell me how they got bank over draft because in the question there is no mention of bank overdraft and in the balance sheet there is on under current liabilities

And. Also how did they get capital

I'm attaching both the question sheet and marking scheme for you to see

Much appreciate if you reply quick

sorry bank account is already given
just add them and and get the balancing figure
add all the credits on the bank ac and minus the debits
credit>debits, so it becomes and overdraft

 

[zainabkhann]

If you could please do it for me to show me the calculation for bank overdraft that will be much appreciated

Please please

Kind regards

sorry bank account is already given
just add them and and get the balancing figure
add all the credits on the bank ac and minus the debits
credit>debits, so it becomes and overdraft

 

[Jahanzb Ali]

please if anyone can tell me the treatment of working capital in npv calculations? I'll be greateful