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Economics, Accounting & Business: Post your doubts here!

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Anna-Noemie

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XPFMember said:
Hi everyone, AsSalamoAlaikum Wr Wb...

To get things organized in a better way, I am making this thread. As othewise, some queries remain unanswered!

So post your AS/A2 Accounts, Business or Economics doubts in this thread. InshaAllah other members around will be there to help you.

NOTE: If any doubts in the pastpapers, please post the link!


Regards,
XPC Staff.
Click to expand...

Hi! Can I please get some help in Process Accouting please ?
 
azaanahsan

azaanahsan

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Lostsoul said:
https://www.dropbox.com/s/zlbcvos0nke1038/CFS.jpg?dl=0

Help for a CashFlow statement pleeeeaaassseeeeeeeee indirect method

Not sure if there is any mistake for some digits but pleaassseeeeee heeeellllppppppp :"(
Click to expand...

there is no mistake in question.... make sure ur workings are correct....for example tax paid when calculated will be 17500000(17.5), may be u have written 175000000(175). u can ask again if any doubt.... :)
 
L

Lostsoul

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azaanahsan said:
there is no mistake in question.... make sure ur workings are correct....for example tax paid when calculated will be 17500000(17.5), may be u have written 175000000(175). u can ask again if any doubt.... :)
Click to expand...
Thaanks! Its still not balancing.
The Net Cashflow from operating Act 8500
Net Cashflow from Investing -45000
and from investing 6500

Still doesnt balance

Pleasee.help me..
Even detailed answer will work.. actually it will be the best
 
K

Kokila Uma

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im doing A2 accounts.. i'm a bit stuck on IRR (initial rate of return) and what it is for. if anyone can help me out a bit, i would be thrilled :) thank you
 
azaanahsan

azaanahsan

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Ram97

Ram97

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azaanahsan said:
Goodwill for titus = 15000 (20,000+10,000=30,000 but value of business is 45,000 so goodwill 15,000)
Goodwill for Ronicus = 2900 (5000+6000+14000+4700-2600= 27100 but value of business is 30,000 so goodwill is 2900)
this is only calculation of goodwill, to write off, use new sharing i-e 45000 and 30,000
Click to expand...
Thanks :)
 
A

AnnaBoni

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Hello guys..
I need some help in Accounting (depreciation question) Paper 23 question 2c. May/June 2014
The calculation of the depreciation rate for motor vehicles
 
azaanahsan

azaanahsan

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AnnaBoni said:
Hello guys..
I need some help in Accounting (depreciation question) Paper 23 question 2c. May/June 2014
The calculation of the depreciation rate for motor vehicles
Click to expand...

as we know that in reducing balance method dep. charge is on NBV & to get a NBV we will subtract A.dep from Cost of An Asset.
In this particular scenario cost is 700 and A.dep is 200 before charging this year dep. so NBV is 700 - 200 = 500

now simple formula:

NBV * rate of dep. = Dep. charge for this ear.

500 * x = 100

So x = 100/500

x = 0.20 to convert into percentage * 100 = 20 %

to confuse examiner has added this year dep. charge also in A.dep and gave u closing NBV that is after dep. not before this year dep.

Hope u understand :)
 
A

AnnaBoni

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Thank you very much.
I got it but the thing I was trynna work out was if it is 20% then the accumulated depreciation should sum up to 200 right ?
azaanahsan said:
as we know that in reducing balance method dep. charge is on NBV & to get a NBV we will subtract A.dep from Cost of An Asset.
In this particular scenario cost is 700 and A.dep is 200 before charging this year dep. so NBV is 700 - 200 = 500

now simple formula:

NBV * rate of dep. = Dep. charge for this ear.

500 * x = 100

So x = 100/500

x = 0.20 to convert into percentage * 100 = 20 %

to confuse examiner has added this year dep. charge also in A.dep and gave u closing NBV that is after dep. not before this year dep.

Hope u understand :)
Click to expand...
 
azaanahsan

azaanahsan

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AnnaBoni said:
Thank you very much.
I got it but the thing I was trynna work out was if it is 20% then the accumulated depreciation should sum up to 200 right ?
Click to expand...

opening accumulated depreciation is 200 but when u will find out dep. for this year i-e 100 then it will become 200 + 100 = 300 & in SOFP u have to subtract this 300(closing accumulated dep.) from Cost of vehicle... Hope i answer ur question :)
 
A

AnnaBoni

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azaanahsan said:
opening accumulated depreciation is 200 but when u will find out dep. for this year i-e 100 then it will become 200 + 100 = 300 & in SOFP u have to subtract this 300(closing accumulated dep.) from Cost of vehicle... Hope i answer ur question :)
Click to expand...
Thanks
 
MariaZ

MariaZ

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azaanahsan said:
opening accumulated depreciation is 200 but when u will find out dep. for this year i-e 100 then it will become 200 + 100 = 300 & in SOFP u have to subtract this 300(closing accumulated dep.) from Cost of vehicle... Hope i answer ur question :)
Click to expand...
Pls help me out azaan!
 
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