Qualification > Commerce
Accounting help ???
Dasith:
--- Quote from: Relina on May 31, 2011, 10:15:01 am ---mmmmm then u mean that the drawings will reduce capital and the extension is not cosidered a drawing so capital not affected :D
Thanks alot
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--- Quote from: Relina on May 31, 2011, 10:18:21 am ---omg Thanks i've really confused myself by looking at the info. the Q gave ur method is much faster and easier :) :D
Thanks
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u r welcome ;D
Crooked:
--- Quote from: Relina on May 31, 2011, 08:32:40 am ---ahhhhhhhhha ............... Thanks a lot now i got it so for stock valuation always calculate the cost and the net realisble value(selling price-sellingexpenses) then choose the lower and do what ever asked right ???
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Precisely. =]
~ Miss Relina ~:
plz doubts again sorry for disturbing and Thanks in advance :
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w07_qp_1.pdf
Q 19
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_s09_qp_1.pdf
Q 23
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w08_qp_1.pdf
Q 35
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w09_qp_1.pdf
Q 8 and Q 25
Tohru Kyo Sohma:
--- Quote from: Relina on May 31, 2011, 07:29:25 pm ---plz doubts again sorry for disturbing and Thanks in advance :
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w07_qp_1.pdf
Q 19
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_s09_qp_1.pdf
Q 23
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w08_qp_1.pdf
Q 35
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w09_qp_1.pdf
Q 8 and Q 25
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i think for qns 19 ...i ll try to explain with a simple example.....Purchase goods on credit for $30.....the double entry transaction is
puchases Dr.
Creditor Cr.
u did purchases right...but instead of crediting $30 in creditors a/c u debit it.Therefore u get a debit balance b/d.....and hence the trail balance will have on the debit side $30 from purchases and $30 from creditors
hence ur answer is D that is total debits $60 more than total credits
qns 23....ok...so the answer here is B....because repairs is revenue expenditure....new tyre bought is revenue exp as well....whereas the others office equipments will be used for more than a year in the business.....and the carriage of OE.....is the cost along with it...therefore they are cap exp....extension to building is aslso cap expenditure as it will used for a long time
sorry...im in a hurry....im not very good in explaining.....i have a business exam tomorrow!so i have to go
sorry again
Dasith:
--- Quote from: Relina on May 31, 2011, 07:29:25 pm ---plz doubts again sorry for disturbing and Thanks in advance :
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w07_qp_1.pdf
Q 19
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_s09_qp_1.pdf
Q 23
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w08_qp_1.pdf
Q 35
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w09_qp_1.pdf
Q 8 and Q 25
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the rest of the ans ;) :D
last one Q 8
Stationary a/c
[/b]DR: CR:
balance b/d 60 Profit & loss 220
cash 250 Balance c/d 90
question 25
Cost of assets as @ 1 jan 2008 = 18000 + 12000
= 30000
Depreciation st.line @ 25% of cost(not book value ;) )= 30000 x 25/100
= 7500
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