- Messages
- 21
- Reaction score
- 6
- Points
- 13
Hopefully they will repeat it this year too!!
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Starting 2002 or 2005 max. till 2012.Hopefully they will repeat it this year too!!
I am doing accounting igcse this year, but i have not really started revising yet.
And then how can selling goods at higher prices and buying goods at cheaper prices increase Gross Profit %?Yes these factors increase GP but the formula is : (GP/Sales ) *100 so sales are affected ..... I got confused .. I think i got it but its not that clear. Can someone clarify please?
And at the same time, it is written that the following are reasons for decrease in GP %: Selling goods at HIGHER prices, Offering trade discount, Not passing on increase prices.
I dont get how Selling goods at higher prices can both Increase and decrease GP %??!!
And what does this last point mean??!
And if offering trade discount decreases selling price, how can it decrease GP %?
What is the exact meaning of rate of stock turnover?
Hey.. everyone
Just a random question: What's the difference between Accounting Paper 1 and Paper 2?
Is there a way to remember mark up and margin? I always confuse them?
Jotham Thanks for the explanation..
It was really helpful!
One more question if u don't mind:
Can you please explain Disposal account? What is "Trade in" in disposal account?
And why is an entry in disposal acc. also go in the provision for depr. acc ? And how??
If I have more doubts will post in shaa Allah
Yes I am sure with both. You can ask your teacher if you want a better understanding. You have got plenty of time to study as the exams are only in June. So there is like three weeks.Are you sure about the trade in part?? I mean are u sure it is debited in disposal account and credited in asset account?
This was in June 2012 P23 Q4b..When calculating corrected net surplus for club, why do we subtract subscription prepaid? why not subtract?
This was in June 2012 P23 Q4b..
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