Economics, Accounting & Business: Post your doubts here!

[Ram97]

Yeah both were under absorbed
What did u write for reasons

 

[Sana Adnan]

I see, Do you solve variants?

well, I make my students solve them

 

[ZohaKhan]

well, I make my students solve them

haha i see...

 

[moiz warraich]

What was the figure of motor expenses in cash account and do you remember the exact OAR you guys calculated for machining and finishing?

 

[Ram97]

I guess they were 4000 something

 

[Layla..]

I guess they were 4000 something

No. It was 600 something

 

[Ram97]

 

[moiz warraich]

do you remember total overheads apportioned or oar?

 

[Ram97]

No. It was 600 something

Look drawings were 400/month so that would be 4800/year
then cash takings banked would be total -4800 and debited u had balance c/d and b/d and that made 4700 sth

 

[Layla..]

Look drawings were 400/month so that would be 4800/year
then cash takings banked would be total -4800 and debited u had balance c/d and b/d and that made 4700 sth

I don't even remember anymore but I'm pretty sure they were in 100's

 

[Ram97]

I don't even remember anymore but I'm pretty sure they were in 100's

 

[Layla..]

It's ok, you'll get an a Insha'Allah

 

[Ram97]

It's ok, you'll get an a Insha'Allah

Insha'Allah!!
your subjects??

 

[Saad Rashid]

I think the balance was 6000 sth... Because there was the figure of opening cash you had debit cash sales and credit drawings, motor expenses and cash sales banked, the c/d cash figure was already given and the balancing figure wud bee motor expenses. I forgot to credit sales banked... Soo my answer was 10000 sth which is wrong.

 

[Saad Rashid]

I don't even remember anymore but I'm pretty sure they were in 100's

What was yourr invoice value and did ur income statement have a deficit??

 

[Heyyy]

Motor expenses in cash account were 605.

 

[Heyyy]

What was yourr invoice value and did ur income statement have a deficit??

Invoice value was something like 4360.8 or something
Income statement was loss of 11899 or something like that

 

[Saad Rashid]

Invoice value was something like 4360.8 or something
Income statement was loss of 11899 or something like that

What did you write in cash account?

 

[Heyyy]

What did you write in cash account?

B/d
Cash banked
Drawings
Cash sales
Motor expenses
C/d

 

[Layla..]

Motor expenses in cash account were 605.

OMG YES!!!!!!!!!!!!!