O' level Accounts p2 Dicussion

[Sharoze]

Hey everyone, discuss accounts paper2 over here

 

[goldman anas]

aslm bhai
im Anas
can u tell me plz what topics appeared or if you have the paper plz send me it
i am extremely weak in account
JAZAKAALLAh
SHUKRAN

 

[Sharoze]

aslm bhai
im Anas
can u tell me plz what topics appeared or if you have the paper plz send me it
i am extremely weak in account
JAZAKAALLAh
SHUKRAN

bro no1 gets the queestion paper....
the first question was about calculating owners capital n then capital employed


the two sole traders amalgamated their businesses and dcided that goodwill not be mentioned, the first 1 had 30000 and then we had to calculate the capital of both partners

the second part was that which two accounting concepts are against goodwill

then it was a control account

income statement

appropriation account of partnership

balance sheet

calculation of cost of goods sold, gross profit %age was given n sales were given, then net profit ratio was given we had to calculate expenses


the final question was a manufacturing account, trading profit, balance sheet

 

[hammadthepcgeek]

aslm bhai
im Anas
can u tell me plz what topics appeared or if you have the paper plz send me it
i am extremely weak in account
JAZAKAALLAh
SHUKRAN

No need to worry brother. Which book do you have as your Accounts textbook? I used to read Frank Wood and it helped me a lot. Make sure that your basics ( Nature of account, Double entry) is flawless. Once you have got the basics, Accounts would be easy for you.

 

[goldman anas]

yes brother frank wood too
but my teacher is using only the two past exam papers books
but i want to have the papers just to know how to work the papers

 

[goldman anas]

jazalallah yaa brother
for giving me detail about the paper

 

[Sharoze]

you're welcome

 

[hammadthepcgeek]

yes brother frank wood too
but my teacher is using only the two past exam papers books
but i want to have the papers just to know how to work the papers

Dude, do first solidify your concepts because most of the school teachers never teach from the book, when they should, as only by book can you the real theory behind every accounting procedure. Attempt past papers but don't emphasise upon them too much. Its a wrong practice that many students unfortunately follow and which gives them nothing in the end. Past Papers are for your test and technique, so first book, then past papers. It will Inshallah help you a lot in Accounts.

 

[goldman anas]

AMEEN
hey bro are you on facebook

 

[hammadthepcgeek]

AMEEN
hey bro are you on facebook

Yes I am. [email protected] is my ID.

 

[goldman anas]

im DArk PAssenger