Accounting help ???

[elemis]

I did to some only ok i admit majority are auntified
but still not all only 5% are not aunties

Did you know that 72.5 % of all statistics are made up on the spot ?

Try and figure out that paradox

[Alpha]

Did you know that 72.5 % of all statistics are made up on the spot ?

Try and figure out that paradox

LOL, Ari. 

[moon]

pls, can u help me in  ppr3 Nov. 03 Q5.(a) error 3 & 5?

Thanks in advance.

[SauD~]

pls, can u help me in  ppr3 Nov. 03 Q5.(a) error 3 & 5?

Thanks in advance.

error 3... 2000$ to subtract from profit
because depreciation reduces profit

error 5... 20$ to subtract from profit

[~ Miss Relina ~]

hope somebody reply asap http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w02_qp_1.pdf
Q22

[Tohru Kyo Sohma]

hope somebody reply asap http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w02_qp_1.pdf
Q22

ok here u go;
the cash book balance is less and the bank statement is more.
Option A-no,because if i paid cheque to supplied and posted it on the wrong side,i.e debited it in the cash book.then to correct it i must add twice the amount on the credit side.this in turn will again reduce by cash book balance
Option B-no,because they show cash book balance less..if it is bank charges..then bank statement's balance should be less.
option C-yes, because u paid cheque to a supplier..and so u reduce the cash book balance, but it is not yet presented in the bank so the bank balance was not reduces. thus the cash book balance was less and bank balance is more.
Option D-no, because u received a cheque, so ur cash book balance is more, and u banked it..but it was not yet credited in the bank statement..so cash book balance here should be more...and bank balance less.
hope u get it!

[~ Miss Relina ~]

ok here u go;
the cash book balance is less and the bank statement is more.
Option A-no,because if i paid cheque to supplied and posted it on the wrong side,i.e debited it in the cash book.then to correct it i must add twice the amount on the credit side.this in turn will again reduce by cash book balance
Option B-no,because they show cash book balance less..if it is bank charges..then bank statement's balance should be less.
option C-yes, because u paid cheque to a supplier..and so u reduce the cash book balance, but it is not yet presented in the bank so the bank balance was not reduces. thus the cash book balance was less and bank balance is more.
Option D-no, because u received a cheque, so ur cash book balance is more, and u banked it..but it was not yet credited in the bank statement..so cash book balance here should be more...and bank balance less.
hope u get it!

Thanks alot

[Tohru Kyo Sohma]

Thanks alot

anytime!

[~ Miss Relina ~]

another doubts 
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w03_qp_1.pdf
Q 5 why we should add accurals when he is not mentioning whether it is accrula income or expenses
Q 28 really need any thing to help withstock valution

Thanks in advance 

[Tohru Kyo Sohma]

another doubts 
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w03_qp_1.pdf
Q 5 why we should add accurals when he is not mentioning whether it is accrula income or expenses
Q 28 really need any thing to help withstock valution

Thanks in advance 

Qns5.when they dont mention take it as an accrual expense!
so ur answer is B
Qns28.you should take the lowest value.....so for product A the lower value is the net realisable value and for product B the lower value is the cost.
this is one of the accounting principle that u should value stock at lower value. therefore 1500+3500=5000
hope u get it

[~ Miss Relina ~]

http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w06_qp_1.pdf
Q22 explain each choice plz Thanks in advace

[Tohru Kyo Sohma]

http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w06_qp_1.pdf
Q22 explain each choice plz Thanks in advace

ok
Option A-no, because bank charges reduces bank balance.....thus bank balance will be lower than cash book balance.
Option B-yes, because when u deposit money in a bank u receive bank interest....therefore bank already credits it in ur bank balance, but the business wont know of this transaction until it receice the bank statement...therefore bank balance will be more than cash book balance.
Option C-no, because when u receive a cheque from a credit customer ur cash book balance will increase, if sufficient amount is not available in the customers bank balance then the cheque will be dishonoured..thus bank balance will be lower than cash book balance.
Option D-no, because when standing orders is paid ur bank balance reduces, cash book balance will be higher.

hope u understand
if not then u can ask me

[~ Miss Relina ~]

ok
Option A-no, because bank charges reduces bank balance.....thus bank balance will be lower than cash book balance.
Option B-yes, because when u deposit money in a bank u receive bank interest....therefore bank already credits it in ur bank balance, but the business wont know of this transaction until it receice the bank statement...therefore bank balance will be more than cash book balance.
Option C-no, because when u receive a cheque from a credit customer ur cash book balance will increase, if sufficient amount is not available in the customers bank balance then the cheque will be dishonoured..thus bank balance will be lower than cash book balance.
Option D-no, because when standing orders is paid ur bank balance reduces, cash book balance will be higher.

hope u understand
if not then u can ask me

soory but i donot undersatnd option one 

[~ Miss Relina ~]

http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w05_qp_1.pdf
Q 40 also plz
http://www.xtremepapers.me/CIE/Cambridge%20IGCSE/0452%20-%20Accounting/0452_w06_qp_1.pdf
Q 30 and 33

[Tohru Kyo Sohma]

soory but i donot undersatnd option one 

ok...so the qns asks in which situation will bank balance be more than cash book balance
option A say that there are bank charges.....here bank balance reduces..as the bank will charge it....but the cash book will be more as they will only know about this transaction after they receive the bank statement!
get it or do u need more explanation