Qualification > Commerce

Accounting help ???

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Dasith:
ohh yea & the ans for  35th Q

ans i   (D) i think

because all others relate to debtors or sales, which is needed to calculate sales , but the last one is returns outwards,
i.e for suppliers , which is to do with purchases , so its not usually taken when calculating sales

~ Miss Relina ~:

--- Quote from: mimiswift on May 31, 2011, 11:12:03 pm ---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

--- End quote ---
oh no problem dear Thanks alot By the way u are good at explaining  ;D
ah and good luck with ur business exam  :D hope u do good  :)

~ Miss Relina ~:

--- Quote from: Dasith on June 01, 2011, 02:54:18 am ---
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

 

--- End quote ---

Thanks alot i thuoght no one will do that reaally appreciate ur help  :D

~ Miss Relina ~:

--- Quote from: Dasith on June 01, 2011, 03:00:25 am ---ohh yea & the ans for  35th Q

ans i   (D) i think

because all others relate to debtors or sales, which is needed to calculate sales , but the last one is returns outwards,
i.e for suppliers , which is to do with purchases , so its not usually taken when calculating sales

--- End quote ---

u know when i first looked at ur first post i thought u forgot to answer the previuos one then i realised that u remembered .....lol  ;)
By the way Thanks alot

Dasith:

--- Quote from: Relina on June 01, 2011, 10:26:28 am ---u know when i first looked at ur first post i thought u forgot to answer the previuos one then i realised that u remembered .....lol  ;)
By the way Thanks alot

--- End quote ---

haha ,lol na its u r way of asking questions , it was a bit too condusing ! lol ;) , i thaught it was first the question & then the link lol !! , & then i realised ;)

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