IGCSE Accounting 0452

[MnMz]

Can someone please post formats of all the accounts please! i seem to be having a problem finding them! please help me!

thanks in advance!

Will try to post them by tom. hopefully

 

[Gehad Mohamed]

the indirect cost for the manufacturing ... eg .indirect wages.. factory general expenses ... these are cost for the manufacturing. bt as they r not directly related in making of the goods .v consider them as factory overheads(indirect costs)

Ohh okay got it , thnx a lot

 

[umair1161]

Will try to post them by tom. hopefully

THANKS!!!!!!!!!!

 

[ThisMeansWar]

so, i was just solving s09 P1 today, and i don't know why, but i just don't get the hang of questions like Pg 5, q12. WHEN do you apply trade and cash discounts both, and when do you only deduct the trade discount percentage? please help!

 

[Rahma Abdelrahman]

so, i was just solving s09 P1 today, and i don't know why, but i just don't get the hang of questions like Pg 5, q12. WHEN do you apply trade and cash discounts both, and when do you only deduct the trade discount percentage? please help!

I guess you have to always calculate the trade discount.. and never calculate cash discount unless they mention a time limit for the cash discount AND when is the payment made.

 

[Timi Adeg]

please elaborate?

All those name three causes of depreciation, those kind of questions. They repeat them a LOT. Theory questions in the sense that you are not required to prepare any accounts, they want short written answers based on your general accounting knowledge

 

[ThisMeansWar]

Guys, I have something to share: whenever there's 2 discounts to apply, i.e. trade and cash discounts, always apply the trade disc. first, deduct it from the original price and apply the cash discount on the new amount

 

[Rahma Abdelrahman]

Guys, I have something to share: whenever there's 2 discounts to apply, i.e. trade and cash discounts, always apply the trade disc. first, deduct it from the original price and apply the cash discount on the new amount

What else can you do? I guess it's simple

 

[ThisMeansWar]

No, what I was doing was cash+trade discount, if it's 20% trade and 5% cash, i was deductiong a whole of 25%, and I got the wrong answer that way. Just trying to help

 

[Rahma Abdelrahman]

No, what I was doing was cash+trade discount, if it's 20% trade and 5% cash, i was deductiong a whole of 25%, and I got the wrong answer that way. Just trying to help

Oh...
Good that u know now..
Sorry if u got upset at the way I "talked" to u
Actually I am fed up of accounting... it's totally boring!

 

[ThisMeansWar]

Oh no, that's quite alright Rahma! Really?!?! I have barely even started accounting!

 

[Rahma Abdelrahman]

Oh no, that's quite alright Rahma! Really?!?! I have barely even started accounting!

hhhhhh
I revise a little then i find myself sleeping! I sleep a lot nowadays... because of accounting!

 

[Rahma Abdelrahman]

Hey.. I am always confused in Bad debts account, Prov. for bad debts account and bad debts recovered.. can someone help?

 

[umair1161]

Will try to post them by tom. hopefully

umm...sir...i still await your promise!

 

[umair1161]

Hey.. I am always confused in Bad debts account, Prov. for bad debts account and bad debts recovered.. can someone help?

well i do have these hand written class notes....u want me to scan them or should i type it out??

 

[MnMz]

umm...sir...i still await your promise!

im posting it today

 

[Rahma Abdelrahman]

well i do have these hand written class notes....u want me to scan them or should i type it out??

Thanks Whatever is easier for you... Will be really appreciated

 

[umair1161]

im posting it today

alright! thanks!

 

[Timi Adeg]

Highest grade threshold last year was 194/240 for an answer. Beautiful. Planning to only miss 40 marks overall for that A*

 

[ThisMeansWar]

What's the difference b/w a transposition error and an error of original entry?