Qualification > Commerce
Accounting AS level doubt!
Saavya:
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?
Tohru Kyo Sohma:
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!
Tohru Kyo Sohma:
the last part is very light....so im gonna write clearly...i want a revision on costing chapters!!!
Dasith:
--- 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?
--- End quote ---
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
Dasith:
--- 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!
--- End quote ---
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
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