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

[hardik]

balance on bank statement is 4200 debit

 

[kazamodia]

View attachment 10115
ok wait take this one:

it is B because debit in bank statement is overdraft for u as this is from the bank view and your account n the bank balances

 

[kazamodia]

can anyone help in this

It is B but why ?

 

[Saad Ghori]

can anyone help in this

It is B but why ?

Subtract the interest on loan stock from the operating profit. That'll leave you with profit after interest of $200000. Divide this by the shareholder fund of $600000 (shareholder fund is made up of share capital and reserves) and then multiply it by 100. You'll get the answer B

 

[math]

can anyone help in this

It is B but why ?

which year

 

[wajiman]

balance on bank statement is 4200 debit

sorry my bad, i forgot that in bank statement its opposite so yes the answer would be $4200 debit.

 

[parthrocks]

the answer is C. $5000 is credit meaning overdraft. unpresented cheques in this case would be subtracted where as the bank charges would be added.

why cant it be B?

 

[parthrocks]

ohhh ya hey is it that whenver we start with an overdraft balance OF CASH BOOK....IN BANK RECONICLIATION STATEMENTS.....IT IS OBVIOUS TO GET AN OVERDRAFT BALANCE AS PER PASS BOOK...IS IT SO....HELP!!

 

[wajiman]

the answer is B. thats what i told, i made a small mistake. C would be in case of Cashbook where as in case of Bank Statement it would be Debit as we are the bank's debtor and again for that last question of yours it depends on unpresented and uncredited cheques value

 

[parthrocks]

ohhhh!!!!!!!!!!!!!!thank u

 

[starlight123]

http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_qp_11.pdf

hey...can nybdy help me with 14th question in this ppr thnks

 

[kazamodia]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w11_qp_11.pdf

hey...can nybdy help me with 14th question in this ppr thnks

yes please somebody help in this one !!

 

[hamza_sheikh182]

hey can anyone help me with this.
can someone explain me the errors in question 2 to reconcille sales ledger and sales control account.​

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[hamzasalam]

anyone please tell me the answer of 25th mcq of the paper which asked for the best method of stock valuation and the best method to set the price below the cost price. (somewhat like that)
It was a costing question. Only that was my doubtful question. rest all was perfect.