Qualification > Commerce
Accounting help ???
SauD~:
--- Quote from: moon on June 04, 2011, 08:42:17 pm ---can someone help me in solving Q1(c)in june 2010 ppr13 and in june 2007 ppr 2 Q3(a) rent account only how did we get the $300 in the profit and loss account?thanx in advance.. :)
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i am trying to find that ppr 13 thing too :(
And about that 300..
The info says: 900 quarterly paid so.. 900 x 1/3 ;)
Crooked:
--- Quote from: moon on June 04, 2011, 08:42:17 pm ---can someone help me in solving Q1(c)in june 2010 ppr13
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I tried solving it too but it's useless. There's a flaw, i am sure. These idiots do mess up sometimes. According to my calculations, the ans is sps to be B. Idk how in the world they got A. =/
So don't worry yeah. Try focusing on other q's. Best of luck. Ace yer exams.
Dasith:
--- Quote from: mimiswift on June 04, 2011, 01:37:48 pm ---ok...so this is a doubt from my cousin's ....i couldnt solve it....its qns 2 part(d) 0452/22/m/j/10
and qns 4 part(a) the double entry part...explain the answer (its the same paper)
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4.
a)
i) same a/c on the credit, as balance c/d, prepaid during previous financial year ending 31 march 2009
ii)This is the actual cash paid(from bank) , this amount represents the amount paid for rent by the businesss for the financial year ending 31st march 2010. Since its cash paid from business its a credit on the bank a/c.
iii)This is the amount that should be actually paid for this financial year., since its an expence for this year its debited in Profit & loss ( income statement), This figure is on accrual basis.(matching concept)
Dasith:
--- Quote from: Crooked on June 05, 2011, 01:22:25 am ---I tried solving it too but it's useless. There's a flaw, i am sure. These idiots do mess up sometimes. According to my calculations, the ans is sps to be B. Idk how in the world they got A. =/
So don't worry yeah. Try focusing on other q's. Best of luck. Ace yer exams.
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yea i get it as B tooo :O
Crooked:
--- Quote from: Dasith on June 05, 2011, 02:22:42 am ---yea i get it as B tooo :O
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The answer is B. The MS is messed up. =/
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