emergency help in accounting :(

[irlzs95]

hey guyz , im having a hard time with accounting , regreting taking it :S:S

i have loots of question i hope anyone helps me :/


http://www.xtremepapers.me/CIE/Cambridg ... 4_qp_3.pdf
q4 a , why did we put wages ?? i supposed this is an expense nd this is a trading account ??? -.-

http://www.xtremepapers.me/CIE/Cambridg ... 5_qp_3.pdf
q3 b , okai why did we put the capital 25972 on the debit side ????

nd q5 a :O i dnt understand !!

http://www.xtremepapers.me/CIE/Cambridg ... 5_qp_3.pdf
q1 c , why we didnt put 360 insurance nd 314 dishonoured nd 11 charges , we only put 500 for cash put we ddnt compare the debit side on the bank with the cash book , i aslo hav difficulties with reconcilation , nd wuts the different btween updated cash book nd reconciliation , wut do we do in updating cashbook?

http://www.xtremepapers.me/CIE/Cambridg ... 9_qp_3.pdf
q1 :S okai i dnt get wut is a fees account??


im soo sorry guyz for putting too much qs , but plz i neeed help our teacher isnt good at all (N)

 

[irlzs95]

guyz plz help =/

 

[malismail]

What's up my friend?
Chill everything is gonna be alright.
Accounting is not that frightening subject, it's just normal.

I will answer the first question you posted and sorry I couldn't answer the rest because I don't have time to go through them but hopefully I will try to go through them before Saturday which is the date for Paper 1 (Good-Luck FOR US :good: )

Anyway, the answer for the first question you posted is really easy. You just have to concentrate.
In the accounts of non-profit organisations, there's no such a thing called profit but sometimes these organisations run a coffee shop or a small restaurant like the one you find in hospitals. Therefore, they treat these coffee shops and restaurants as a business {There's profit} and they do the the calculations of gross profit and net profit for them in the trading account and that's why they said Snack Bar Wages. Thus, Snack Bar Wages go to the trading account to be calculated and the General Staff Wages go to the Income and Expenditure Account.

I hope you understood that one and let me give you an advice, whenever you are stuck with something go and open the book directly then find the answer.
I will try hard to come back and answer the rest.
Study HARD!!

 

[irlzs95]

thankk you :3
nd i hope u answer the rest ;/
nd no accountin IS hard , wen ur teacher doesnt explain :S

 

[malismail]

Ohh that's really bad.
Our teacher is like the BEST!!
Btw, which school and country are you in?
I'm in Qatar, English Modern School

 

[irlzs95]

im in uae