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Author Topic: Accounting AS level doubt!  (Read 6968 times)

Saavya

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Re: Accounting AS level doubt!
« Reply #15 on: May 24, 2011, 04:12:35 pm »
Im having a Prob solving this q in june2010 P22, no. 3 part F

Everyone can get the revised contribution easily which is $138000
But how do i continue after this??? the calculation in the ms is confusing
Help please?
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #16 on: May 24, 2011, 04:27:56 pm »
can anyone explain control accounts...if there is an error and we have to correct the balances on the ledgers and contol accounts.....if they say debtors account is overstated or understated!!!when they say debtor's account do they mean sales leger account or sales ledger control account?.....and what do they mean by list of debtors!
here is an example...http://www.xtremepapers.me/CIE/International%20A%20And%20AS%20Level/9706%20-%20Accounts/9706_s10_qp_23.pdf
can someone explain the difference between depreciation and provision for depreciation........and a revision on the costing chapters!
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #17 on: May 24, 2011, 04:29:05 pm »
the last part is very light....so im gonna write clearly...i want a revision on costing chapters!!!
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Offline Dasith

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Re: Accounting AS level doubt!
« Reply #18 on: May 24, 2011, 04:34:45 pm »
Quote from: Syeda S. Nasir on May 24, 2011, 04:12:35 pm
Im having a Prob solving this q in june2010 P22, no. 3 part F

Everyone can get the revised contribution easily which is $138000
But how do i continue after this??? the calculation in the ms is confusing
Help please?

hmm contirbution is 138(new one)
138/437=0.3157

so

0.315789S - FC = Profit
In this cas 5% of sales are reduced right ?

so we knw FC & profit rite?
s= sales( we dont knw)

0.315789s -90 = 80



« Last Edit: May 24, 2011, 05:33:43 pm by Dasith »
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Offline Dasith

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Re: Accounting AS level doubt!
« Reply #19 on: May 24, 2011, 04:44:20 pm »
Quote from: mimiswift on May 24, 2011, 04:27:56 pm
can anyone explain control accounts...if there is an error and we have to correct the balances on the ledgers and contol accounts.....if they say debtors account is overstated or understated!!!when they say debtor's account do they mean sales leger account or sales ledger control account?.....and what do they mean by list of debtors!
here is an example...http://www.xtremepapers.me/CIE/International%20A%20And%20AS%20Level/9706%20-%20Accounts/9706_s10_qp_23.pdf
can someone explain the difference between depreciation and provision for depreciation........and a revision on the costing chapters!

Control a/c is not an account actually its completely out of double entry , its used to check other accounts i.e if they are accurate or not. When they said debtors a/c its the individual debtors a/c, its in ledger, sales ledger.list of balances are the totals of all individual a/c in ledger, thats the value taken to control a/c

Depreciation & provision for depreciation are same!!
 i think, mabe Provision is not a real figure , & depreciation may be the actall loss in value of asset ? not sure thaugh
« Last Edit: May 24, 2011, 04:53:52 pm by Dasith »
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Offline Dasith

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Re: Accounting AS level doubt!
« Reply #20 on: May 24, 2011, 04:46:02 pm »
Quote from: mimiswift on May 24, 2011, 04:29:05 pm
the last part is very light....so im gonna write clearly...i want a revision on costing chapters!!!

u mean marginal & absorption ?
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Offline Dasith

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Re: Accounting AS level doubt!
« Reply #21 on: May 24, 2011, 04:55:28 pm »
Quote from: Syeda S. Nasir on May 24, 2011, 04:12:35 pm
Im having a Prob solving this q in june2010 P22, no. 3 part F

Everyone can get the revised contribution easily which is $138000
But how do i continue after this??? the calculation in the ms is confusing
Help please?

if my ans is confusing just let me knw !! i might be able to explain it more ...
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #22 on: May 24, 2011, 04:56:38 pm »
i mean total costing, unit ,job and batch costing, and marginal costing!
i get really confused in pastpapers qns ........mostly all of them
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #23 on: May 24, 2011, 05:01:14 pm »
Quote from: Syeda S. Nasir on May 24, 2011, 04:12:35 pm
Im having a Prob solving this q in june2010 P22, no. 3 part F

Everyone can get the revised contribution easily which is $138000
But how do i continue after this??? the calculation in the ms is confusing
Help please?
i think...when ever qns give profit and ask to find sales value...then i think formula is (fixed cost+profit)*100/ c/s ratio
so revised c/s ratio is 31.58%
then use the formula
(90000+80000)*100/31.58=sales
therefore sales =538333
hope this helps! ;D
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Offline Dasith

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Re: Accounting AS level doubt!
« Reply #24 on: May 24, 2011, 05:09:35 pm »
Quote from: mimiswift on May 24, 2011, 05:01:14 pm
i think...when ever qns give profit and ask to find sales value...then i think formula is (fixed cost+profit)*100/ c/s ratio
so revised c/s ratio is 31.58%
then use the formula
(90000+80000)*100/31.58=sales
therefore sales =538333
hope this helps! ;D

lool u study formulaes like this for each & every sum ????

thats almost impossible :o
Dont u try to understand how they got that formulae ??
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #25 on: May 24, 2011, 05:13:13 pm »
Quote from: Dasith on May 24, 2011, 05:09:35 pm
lool u study formulaes like this for each & every sum ????

thats almost impossible :o
Dont u try to understand how they got that formulae ??

nope...i write formulas like this and learn them!!!!though i dont get it!if u get it pls explain it to me!
and is contribution-fixed cost=profit?
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Offline Dasith

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Re: Accounting AS level doubt!
« Reply #26 on: May 24, 2011, 05:17:55 pm »
Quote from: mimiswift on May 24, 2011, 05:13:13 pm
nope...i write formulas like this and learn them!!!!though i dont get it!if u get it pls explain it to me!
and is contribution-fixed cost=profit?
lol thats such a hard task,


yea contribution-FC = profit

Didint u understand wat i put up there, if u solve & find S u get the answer !!
thaugh thats not wat is done in markscheme ;D
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Saavya

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Re: Accounting AS level doubt!
« Reply #27 on: May 24, 2011, 05:18:43 pm »
@ mimi

Thank You ! :D
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #28 on: May 24, 2011, 05:23:27 pm »
Quote from: Syeda S. Nasir on May 24, 2011, 05:18:43 pm
@ mimi

Thank You ! :D
ur welcome syeda and best of luck
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Offline Tohru Kyo Sohma

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Re: Accounting AS level doubt!
« Reply #29 on: May 24, 2011, 05:32:49 pm »
ur welcome again syeda
can someone pls pls explain costing chpters to me...pls pls pls.....im gonna die if i dont understand!...i did a qns on it and i got 2/30!
PLS HELP ME OUT
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