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Author Topic: Accounting help ???  (Read 26377 times)

Offline SauD~

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Re: Accounting help ???
« Reply #75 on: June 04, 2011, 08:47:11 pm »
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.. :)
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 ;)
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Offline Crooked

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Re: Accounting help ???
« Reply #76 on: June 05, 2011, 01:22:25 am »
Quote from: moon on June 04, 2011, 08:42:17 pm
can someone help me in solving Q1(c)in june 2010 ppr13

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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Offline Dasith

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Re: Accounting help ???
« Reply #77 on: June 05, 2011, 02:05:00 am »
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)

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)
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Offline Dasith

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Re: Accounting help ???
« Reply #78 on: June 05, 2011, 02:22:42 am »
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.

yea i get it as B tooo :O
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Offline Crooked

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Re: Accounting help ???
« Reply #79 on: June 05, 2011, 02:31:31 am »
Quote from: Dasith on June 05, 2011, 02:22:42 am
yea i get it as B tooo :O
The answer is B. The MS is messed up. =/
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Offline Tohru Kyo Sohma

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Re: Accounting help ???
« Reply #80 on: June 05, 2011, 03:19:03 am »
even i got B....its the MS said A.
hey im not as dumb as i taught
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Offline Crooked

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Re: Accounting help ???
« Reply #81 on: June 05, 2011, 03:20:01 am »
Quote from: mimiswift on June 05, 2011, 03:19:03 am
even i got B....its the MS said A.
hey im not as dumb as i taught
Thought*. ::) :P
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Offline SauD~

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Re: Accounting help ???
« Reply #82 on: June 05, 2011, 07:57:36 am »
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.
LOL you guys! :D
i was getting D :P

@Miya told me last night how to do it, so let her come and she will do ;)
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Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #83 on: June 05, 2011, 12:10:40 pm »
well any advices for tomorrow ???
may u  guys answer my previous post questions ???
hope who will attened the exam to do good tomorrow isa :)
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Offline SauD~

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Re: Accounting help ???
« Reply #84 on: June 05, 2011, 01:55:27 pm »
Quote from: Relina on June 05, 2011, 12:10:40 pm
well any advices for tomorrow ???
may u  guys answer my previous post questions ???
hope who will attened the exam to do good tomorrow isa :)
stay calm and give the paper ;)

Some tips i guess...
AED (Assets Expenses Drawings) - Whenever these values are increased they are Debited and when decrease it is credited... :)

LIC (Liability Income Capital)  - Whenever these values are increased they are credited and vice versa :)

Peace out :)
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Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #85 on: June 05, 2011, 02:21:07 pm »
guys what does the X% mean and when it is used in the following ???
 1000000 X% prefernce share of $1 each
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Offline Dasith

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Re: Accounting help ???
« Reply #86 on: June 05, 2011, 02:25:47 pm »
Quote from: Relina on June 05, 2011, 02:21:07 pm
guys what does the X% mean and when it is used in the following ???
 1000000 X% prefernce share of $1 each

can u post the link to the question plz , i cant seem to make a head or tail of it with this :O :S
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Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #87 on: June 05, 2011, 02:30:46 pm »
Quote from: Dasith on June 05, 2011, 02:25:47 pm
can u post the link to the question plz , i cant seem to make a head or tail of it with this :O :S
well iexpected that well they askedabt making P&L appropriation account
and they brought at the start of the question the following:
authorised and issued share capital                           $
     50 000 ord. shares of $0.050 each                  25 000
     100 000 10% prefe. shares of $1 each           100 000
so what should be the pref.share dividend that's all ???? tell me if uneed any info.
« Last Edit: June 05, 2011, 02:32:20 pm by Relina »
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Offline Dasith

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Re: Accounting help ???
« Reply #88 on: June 05, 2011, 02:33:16 pm »
its $10000 ,

its 10% of the total preferace shares
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Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #89 on: June 05, 2011, 02:33:18 pm »
Quote from: $~SauD~$ on June 05, 2011, 01:55:27 pm
stay calm and give the paper ;)

Some tips i guess...
AED (Assets Expenses Drawings) - Whenever these values are increased they are Debited and when decrease it is credited... :)

LIC (Liability Income Capital)  - Whenever these values are increased they are credited and vice versa :)

Peace out :)



i will try to follow ur tips *sir* ;D
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