Hello....guys.....accounting mcq paper....lets discuss our doubts:)

[parthrocks]

Any tough mcq in as level accounting as exams on 22nd may.......post here..

 

[parthrocks]

so any chapters that i need to concentrate on for mcq paper...specific...???appreciate ur help./

 

[parthrocks]

WELCOME

 

[vibhashi]

can any one tell me how to solve this....

 

[parthrocks]

can any one tell me how to solve this....

hey which paper is this.....and is the answer A..

 

[Saad Ghori]

The answers C right?

 

[vibhashi]

The answers C right?

can u pls explain that because the answer is C

 

[Saad Ghori]

can u pls explain that because the answer is C

Well first you need to make the appropriations, that is deduct the salary from the net profit. That will leave us with the residual profit of 25000. Share this residual profit among the partners in their profit sharing ratios, that is 3:2. X will get 15000 while Y would get 10000. But the question didn't ask for the share of residual profits, it asked for the amount that is to be credited to the partners (a common mistake). So for that purpose you need to add the salary of X to his residual profit. 15000+5000=20000. And thus the answer is C

 

[parthrocks]

Well first you need to make the appropriations, that is deduct the salary from the net profit. That will leave us with the residual profit of 25000. Share this residual profit among the partners in their profit sharing ratios, that is 3:2. X will get 15000 while Y would get 10000. But the question didn't ask for the share of residual profits, it asked for the amount that is to be credited to the partners (a common mistake). So for that purpose you need to add the salary of X to his residual profit. 15000+5000=20000. And thus the answer is C

Nice one bro...and thankss.....i forgot to take into consideration...

 

[parthrocks]

and hey do we have cash operating cycle......is it der in our syllabus

 

[parthrocks]

plzzz help me out!!!!

 

[parthrocks]

ho

plzzz help me out!!!!

How come the answer is B....method plzzzz

 

[parthrocks]

how come the answer for this is C exactly.........................didnt get it???help out plzzz.

 

[parthrocks]

View attachment 9765
how come the answer for this is C exactly.........................didnt get it???help out plzzz.

how come the answer for this: is D

 

[parthrocks]

How come the answer for 67.jpg is C......

And what abt the answer for 88.jpg...how come it is D.....explain????



and image.png how come exactly B.....

AND THE LAST ONE THAT IS UNTITLED.JPG...HOW COME IS IT B....16000?????ANYONE PLZZZ SOLVE MY DOUBTS....PAPER 1 ACCOUNTING....AS LEVEL....EXAMS NEAR.....GOD BLESS U...THANKS EVERYONE....

 

[parthrocks]

THANKS...PLZZZ SOLVE MY DOUBTS...

 

[parthrocks]

Well first you need to make the appropriations, that is deduct the salary from the net profit. That will leave us with the residual profit of 25000. Share this residual profit among the partners in their profit sharing ratios, that is 3:2. X will get 15000 while Y would get 10000. But the question didn't ask for the share of residual profits, it asked for the amount that is to be credited to the partners (a common mistake). So for that purpose you need to add the salary of X to his residual profit. 15000+5000=20000. And thus the answer is C

solve doubts...plzzz..asap

 

[Saad Ghori]

plzzz help me out!!!!

First calculate the cost of sales for the month of September. 6303+8844-7370=7777. Then you need to convert the margin into markup to calculate the gross profit for the month of September. If margin is 30% then the markup would be 30/70 into 100. That is 42.86%. multiply the cost of sales with the markup and you will get the gross profit of 3333.
Calculate the gross profit on the takings of the other 11 months by multiplying 109340 with the margin of 30%. you will get the figure 32802, which is then to be added with the gross profit of the month of September to get the gross profit for the year. 32802+3333=36135

 

[parthrocks]

First calculate the cost of sales for the month of September. 6303+8844-7370=7777. Then you need to convert the margin into markup to calculate the gross profit for the month of September. If margin is 30% then the markup would be 30/70 into 100. That is 42.86%. multiply the cost of sales with the markup and you will get the gross profit of 3333.
Calculate the gross profit on the takings of the other 11 months by multiplying 109340 with the margin of 30%. you will get the figure 32802, which is then to be added with the gross profit of the month of September to get the gross profit for the year. 32802+3333=36135

thanks a lot bro....can u solve my remaining doubts..))

 

[vibhashi]

View attachment 9765
how come the answer for this is C exactly.........................didnt get it???help out plzzz.

29) oct/nov 2011 : find out the difference between the marginal cost and absorption cost (12080-10080=19500), then calculate the difference between the opening and closing stock (28200-25200=3000)then divide the diference between the cost and the difference between the stock(19500/3000=6.50)
this is how the answer is "D".....