Author Topic: Accounting help ???  (Read 26976 times)

Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #90 on: June 05, 2011, 02:36:08 pm »
its $10000 ,

its 10% of the total preferace shares

so if htey also said that :
  at the start of year it was paid
 $0.05 on each pref.share
At the end the reamainig was paid then what should we include in the pref.share dividend in P&L app.account
~~~Yarab everything turns alright at the end ~~~
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Offline SauD~

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Re: Accounting help ???
« Reply #91 on: June 05, 2011, 02:40:07 pm »

i will try to follow ur tips *sir* ;D
Good Luck Student ;D

Offline Dasith

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Re: Accounting help ???
« Reply #92 on: June 05, 2011, 02:44:13 pm »
appropriation :

interrim dividents :
preferance share dividend(0.05 x100000)            5000

Final dividend:
preferance                                                    5000
                

*** in preferance shares we only need to pay the 10% , not anything exceeding that. but anything less is possible if company decides to pay less or not pay @ all , but they shuld mention that in question then ;)

I would love to change the world, but they won't give me the source code. ;)

Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #93 on: June 05, 2011, 02:56:30 pm »
appropriation :

interrim dividents :
preferance share dividend(0.05 x100000)            5000

Final dividend:
preferance                                                    5000
                

*** in preferance shares we only need to pay the 10% , not anything exceeding that. but anything less is possible if company decides to pay less or not pay @ all , but they shuld mention that in question then ;)





well whjat i dont get it is that how did u know the remaining pr.share dividend i mean there should be a value fromwhich u subtracted the interim pr . share dividevnd wht is this value plx and how did u get
 i know i might be so diturbing in my question as its too detaILED But would really apprecite it if u could help
~~~Yarab everything turns alright at the end ~~~
    -----------Ameeeeeeeeeeen------------

Offline Dasith

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Re: Accounting help ???
« Reply #94 on: June 05, 2011, 03:11:15 pm »
ok its like this:

we hav to pay 100000 x 10 /100  i.e 10000 dividents in $ for pref share holders yea?

& we are told that @ start of year 0.05 per share is paid(i.e interim -kind of prepayment )
i.e total payment was  0.05 x 100 000 shares = $ 5000 rite?

so if we need to pay a total of 10000 dividents &
we already paid                       5000  out of that
wats the remaining to be paid as final ??

10000 -5000 =5000 yea ?
did u get it ?
I would love to change the world, but they won't give me the source code. ;)

Offline ShiningStar

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Re: Accounting help ???
« Reply #95 on: June 05, 2011, 03:28:54 pm »
Can anyone please help ???
Specimen 2010 Question 6.c), from where did 57200 come??
Isn't the Capital Employed= Loan + Share Capital & Reserves
Thanks in Advance :)

Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #96 on: June 05, 2011, 03:39:50 pm »
ok its like this:

we hav to pay 100000 x 10 /100  i.e 10000 dividents in $ for pref share holders yea?

& we are told that @ start of year 0.05 per share is paid(i.e interim -kind of prepayment )
i.e total payment was  0.05 x 100 000 shares = $ 5000 rite?

so if we need to pay a total of 10000 dividents &
we already paid                       5000  out of that
wats the remaining to be paid as final ??

10000 -5000 =5000 yea ?
did u get it ?
yaaaaaaaaaaay Thanks now  i got it Thanks very much dear  :D
~~~Yarab everything turns alright at the end ~~~
    -----------Ameeeeeeeeeeen------------

Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #97 on: June 05, 2011, 03:42:26 pm »
Can anyone please help ???
Specimen 2010 Question 6.c), from where did 57200 come??
Isn't the Capital Employed= Loan + Share Capital & Reserves
Thanks in Advance :)
well u will find in trialbalance the retained profit 47 200 +issued share capital 10 000= 57200
 hope  ihelped
~~~Yarab everything turns alright at the end ~~~
    -----------Ameeeeeeeeeeen------------

Offline Dasith

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Re: Accounting help ???
« Reply #98 on: June 05, 2011, 03:55:08 pm »
yaaaaaaaaaaay Thanks now  i got it Thanks very much dear  :D

no prob :D ;)
I would love to change the world, but they won't give me the source code. ;)

Offline Dasith

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Re: Accounting help ???
« Reply #99 on: June 05, 2011, 03:58:09 pm »
Can anyone please help ???
Specimen 2010 Question 6.c), from where did 57200 come??
Isn't the Capital Employed= Loan + Share Capital & Reserves
Thanks in Advance :)

dude i think u didnt read the question properly in thsi
they ask return on OPENING CAPITAL  , i.e capital @ 2009 , so yea capital @ 2009 was 10000
& the only reserve was retained profit i.e 47 200 as posted by relina :D
I would love to change the world, but they won't give me the source code. ;)

Offline ShiningStar

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Re: Accounting help ???
« Reply #100 on: June 05, 2011, 04:03:42 pm »
dude i think u didnt read the question properly in thsi
they ask return on OPENING CAPITAL  , i.e capital @ 2009 , so yea capital @ 2009 was 10000
& the only reserve was retained profit i.e 47 200 as posted by relina :D
Ya I Know that it is the opening capital, but my questions is why didn't we add the LOAN???
As I know Capital Empolyed= Loan + Share Capital & Reserves
so what I did was 16000/(42700+10000+5000)  ???

Offline ~ Miss Relina ~

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Re: Accounting help ???
« Reply #101 on: June 05, 2011, 04:07:42 pm »
dude i think u didnt read the question properly in thsi
they ask return on OPENING CAPITAL  , i.e capital @ 2009 , so yea capital @ 2009 was 10000
& the only reserve was retained profit i.e 47 200 as posted by relina :D
ur student ;D
~~~Yarab everything turns alright at the end ~~~
    -----------Ameeeeeeeeeeen------------

Offline Dasith

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Re: Accounting help ???
« Reply #102 on: June 05, 2011, 04:13:07 pm »
Ya I Know that it is the opening capital, but my questions is why didn't we add the LOAN???
As I know Capital Empolyed= Loan + Share Capital & Reserves
so what I did was 16000/(42700+10000+5000)  ???

Net assets is Assets - liabilities (according to the latest definition  they keep changing it all the time  & they expect our definitions in books to change too i think :P thaugh they were bought 2 years b4 :O
its not fixed assets + working capital ( as u might hav thaught )

i think now u got u r ans rite ??
I would love to change the world, but they won't give me the source code. ;)

Offline Dasith

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Re: Accounting help ???
« Reply #103 on: June 05, 2011, 04:15:48 pm »
I would love to change the world, but they won't give me the source code. ;)

Offline ShiningStar

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Re: Accounting help ???
« Reply #104 on: June 05, 2011, 04:18:28 pm »
Net assets is Assets - liabilities (according to the latest definition  they keep changing it all the time  & they expect our definitions in books to change too i think :P thaugh they were bought 2 years b4 :O
its not fixed assets + working capital ( as u might hav thaught )

i think now u got u r ans rite ??
Oh....So the Capital Employed is just the Share Capital and Reserves Right??
Thank Youu :)