I wrote it in current assets at the place of cash at bank so is it wrong???matching concept was most accurate... matching concept states that all expenses of that year should be matched wid its revenues ... as fixed asset was used for more than one accounting period thats y it is broken...
My sir told us to write bank deposts between fixed assets and current assets ..
Prudence is also rite to some extent
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How was your Principle Of Accounts paper???
- Thread starter TheMuslim
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I dont know dat our sir had instructed us to do dat I told u..
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yeah ..How many marks can u lose if u want to get an A*.I mixed the accounting concepts entirely,one in source documents and one in correction of wrong entries.and will there be a error carry forward in accounting concepts question
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So will they give marks for prudence ? , actually i thought it in a different way.... did Sir Noel tell u about that bank deposit ?matching concept was most accurate... matching concept states that all expenses of that year should be matched wid its revenues ... as fixed asset was used for more than one accounting period thats y it is broken...
My sir told us to write bank deposts between fixed assets and current assets ..
Prudence is also rite to some extent
Noel said Bank Deposit=Fixed Asset
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mine wAS sir saya ...
he said to rite bank deposit between fixed assets and current assets
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damn!!! why didnt i know this ... every mark is important for me
... every mark is important for meno dude! its current!
Believe what you want to believe, it comes under fixed assets.
i did one of igcse papers and bank deposit was treated as a current asset!!
Can u post the lnk of that paper
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what name is given to the amount a club owes to its members ?
a) Accumulated Funds
b) Capital
c) net profit
d) subscriptions
a) Accumulated Funds
b) Capital
c) net profit
d) subscriptions
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Its exactly like capital but here its called Accumalated fund dont start ticking subscriptions as i did when this MCQ repeated itself when i was doing the Past papers
Subscription is the amount that the members owe to the club but not the vice versa !
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so questin is club owes to its members .>?Its exactly like capital but here its called Accumalated fund dont start ticking subscriptions as i did when this MCQ repeated itself when i was doing the Past papers
Subscription is the amount the club owes to its members but not the vice versa !
- Messages
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- Points
- 173
- Messages
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- Reaction score
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- Points
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hahahaha..WOOPS check out my earlier post i edited it
i also ticked subscritption at first attempt..
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hahahaha..
i also ticked subscritption at first attempt..
Well im exceptional even when i knew it after the first time i ticked the subs which i guess is option D again the second time
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In company accounts.. if interim ordinary dividends are paid then do they have any effect on payment of final dividends .. i mean do we have to subtract them or not.. ??WOOPS check out my earlier post i edited it
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nothing to worry unles u do that at CIEWell im exceptional even when i knew it after the first time i ticked the subs which i guess is option D again the second time
xD