Igcse accounting 11??

[Numnum]

How was the paper? Easy or hard?

 

[~$!D~]

How was the paper? Easy or hard?

it was easy:S....

 

[Numnum]

Really?? What was yur answer for the debenture interest??

 

[JimmyCarter]

$300

 

[Numnum]

Okay and what about

$300

Lol okay umm what did yu get for trial balance? The suspense account? And yu know the effect we had to show on the profit? Which one did yu tick?

 

[Mekal]

Debentures was 1.5% × the number will give u 300$

 

[Mekal]

Okay and what about
Lol okay umm what did yu get for trial balance? The suspense account? And yu know the effect we had to show on the profit? Which one did yu tick?

Trial balance suspense DR 2100 ... and effect should be DECREASE, No effect, No Effect

 

[Numnum]

Trial balance suspense DR 2100 ... and effect should be DECREASE, No effect, No Effect

Thanks I took closing stock by mistake and got 1500 but I did eth else correct I think how many marks do you think will be gone??

 

[amnah]

What abt the (e) part of the trial balance question? All the error haven't been found right? There's still a difference of $600 b/w the credit nd debit balances? Well, I wrote that

 

[Lostsoul]

What abt the (e) part of the trial balance question? All the error haven't been found right? There's still a difference of $600 b/w the credit nd debit balances? Well, I wrote that

I got $800 difference

 

[JimmyCarter]

Okay and what about
Lol okay umm what did yu get for trial balance? The suspense account? And yu know the effect we had to show on the profit? Which one did yu tick?

decrease no effect no effect. suspense was 2100

 

[IGCSE O/L student]

it was super easy!!!!!!!!!!!

 

[Adham-amr]

I got $800 difference

You got 800 because you corrected the 3rd error with Dr Drawings Cr Cash 200, It's supposed to be Dr Drawings Cr Suspense 200

 

[IGCSE O/L student]

You got 800 because you corrected the 3rd error with Dr Drawings Cr Cash 200, It's supposed to be Dr Drawings Cr Suspense 200

i didn't correct the third error and i got $800
2100-1600+300=$800

 

[Adham-amr]

i didn't correct the third error and i got $800
2100-1600+300=$800

I know ! The third error must be corrected in suspense, because the error is only in the drawings account, therefore the suspense account will close at 600 Dr

 

[IGCSE O/L student]

I know ! The third error must be corrected in suspense, because the error is only in the drawings account, therefore the suspense account will close at 600 Dr

wasn't that transaction omitted?

 

[Lostsoul]

You got 800 because you corrected the 3rd error with Dr Drawings Cr Cash 200, It's supposed to be Dr Drawings Cr Suspense 200

:O

 

[Numnum]

wasn't that transaction omitted?

Yea that transaction was completely omitted? So I did debit drawings and credit Hans lee or whatever the name was.

 

[Adham-amr]

Yea that transaction was completely omitted? So I did debit drawings and credit Hans lee or whatever the name was.

Nope not the whole transaction, only the Drawings side, even if the transaction is omitted it would be Dr drawings Cr cash..not Hans lee, hans lee is the owner and the business doesn't have an account for its owner due to business entity

 

[Numnum]

Nope not the whole transaction, only the Drawings side, even if the transaction is omitted it would be Dr drawings Cr cash..not Hans lee, hans lee is the owner and the business doesn't have an account for its owner due to business entity

How do you know?? It never said that ONLY drawings is omitted and cash/whatever has been entered. I clearly remember that. And he second part yu're saying if I'm not wrong I have seen questions in the past paper (NOT PARTNERSHIP) of sole traders where they tell us to make the capital account of the owner and in that capital account we do write drawings. Please correct me if I'm wrong, still have a paper tomorrow