IGCSE Accounting 0452

[Rahma Abdelrahman]

what's a transposition error ?? I may be knowing it but by a different name..

 

[ThisMeansWar]

what's a transposition error ?? I may be knowing it but by a different name..

When you switch individual characters. For instance, 462 instead of 642

 

[Rahma Abdelrahman]

When you switch individual characters. For instance, 462 instead of 642

Oh.. then I guess its the same as error of original entry..
Check this: http://wizznotes.com/accounts/control-systems/types-of-accounting-errors
It think the difference is that error of transposition is when u exchange figures while original entry is when u miss or add a zero or any other mistake (May be transposition in LIKE a sub-category of error of original entry.... )

 

[ThisMeansWar]

Oh.. then I guess its the same as error of original entry..
Check this: http://wizznotes.com/accounts/control-systems/types-of-accounting-errors
It think the difference is that error of transposition is when u exchange figures while original entry is when u miss or add a zero or any other mistake (May be transposition in LIKE a sub-category of error of original entry.... )

alright, thanks

 

[MnMz]

Here are the theory notes.
if there is anything missing tell me

the formats and everything are coming up by tom.

P.S. sorry for the delay; I had an exam

 

[hamza budhani]

thnx

 

[Rahma Abdelrahman]

MnMz MashAllah very useful.. Thank you..

 

[MnMz]

If anyone has any doubt.
Just send me an inbox and I will clear it out as soon as possible.

Best of Luck

 

[Rahma Abdelrahman]

Thanks

 

[ThisMeansWar]

Here are the theory notes.
if there is anything missing tell me

the formats and everything are coming up by tom.

P.S. sorry for the delay; I had an exam

These were helpful! Thank you!

 

[itsme2012]

please post the others sooooon! god bless

 

[Rahma Abdelrahman]

Can someone please explain to me the Provision for depreciation account ?

 

[Qtie Pie]

Guys i need help with one of the past paper.. it is Oct/Nov 2010 paper 22
in question number 1, there is an additional information
the first one it says "Because of an oversight the inventory (stock) on 30 September 2010 was not valued. Robbie marks up all his stock by 25%"

i wanted to know how the closing inventory has been calculated.. im not getting it.. please help

 

[Rahma Abdelrahman]

Guys i need help with one of the past paper.. it is Oct/Nov 2010 paper 22
in question number 1, there is an additional information
the first one it says "Because of an oversight the inventory (stock) on 30 September 2010 was not valued. Robbie marks up all his stock by 25%"

i wanted to know how the closing inventory has been calculated.. im not getting it.. please help

U first use the markup to calculate the Cost Of Sales : Sales=216000=125%

Cost price=? =100% Cross multiply to get cost of sales which is 172800... From here you can go backwards to find closing inventory...19500+174100-x=172800.... Hope u get it ​

 

[student81]

Whoelse is doing varient 1 here?

 

[Rahma Abdelrahman]

Whoelse is doing varient 1 here?

I think I am

 

[student81]

I think I am

Im so scared for the exam

 

[Rahma Abdelrahman]

Im so scared for the exam

I am starting to be less scared than before.. u just need to practise a lot to grab all the concepts and to know what the examiners usually expect in the answers
Don't Worry

 

[Gehad Mohamed]

How do u calculate list price ?!

Can anyone help me wid this :

Bought goods on credit from Ramy El Din, list price $680, subject to a trade discount of 20%
Returned goods, list price $120, to Ramy El Din

 

[Rahma Abdelrahman]

How do u calculate list price ?!

Can anyone help me wid this :

Bought goods on credit from Ramy El Din, list price $680, subject to a trade discount of 20%
Returned goods, list price $120, to Ramy El Din

What exactly u don't get?