Accounts p1 doubts here!

[Alpha]

Thanks a lot Dasith.

Yup, I just wanted to check with someone else in case it was me who made the mistake.
I'm compiling all CIE's legendary mistakes, gonna put them in a museum.

[Dasith]

Thanks a lot Dasith.

Yup, I just wanted to check with someone else in case it was me who made the mistake.
I'm compiling all CIE's legendary mistakes, gonna put them in a museum.

Np , collecting CIE mistakes     how jobless can u get ? . But this CIE they make mistakes like this & never bother to correct em , & da worst part is they never accept that they hav made a mistake .. i mean its fine if they make a mistake & be fair by accepting it , instead of saying that the students answerd it wrong !

[Alpha]

Sarcasm Dasith, sarcasm.

Yes, you right there. They commit mistakes, we lose.

[Alias]

Can someone please help me with accounting mcq questions 9706
M/j 2010 v12 q 6 and 13???

[Tohru Kyo Sohma]

hello there,
Qns6. they are asking the total sales for 30 april 2010
         we have to take the first item...that is the credit sales....the second item is also sold but invoiced later...still its a sale....so we consider it too...the third item is not taken because its on sale or return basis .....so according to the accounting concept of realization...its not considered a sale until the customer actually pays for it!so its B


Qns13.so they are asking for the factory profit at COST OF PRODUCTION.---->we have opening stock of finished goods...we have costs of goods produced.....but closing stock of finished goods is at profit......so we have to take the profit out from it.
this is how we do it--->       cost*120%(we add 100+20 ask we need the total amount not just profit)=54000
                                       cost=54000/120%
                                       cost=$45000
  so now we have the closing stock of finished goods as $45000
  there 240000+40000-45000=235000*20%(to find profit)
                                factory profit=$47000 and its C
hope you understand it!:D

[Alias]

Thank u soooo very much tohru

[Tohru Kyo Sohma]

your welcome<3

[Martee100]

Could someone help me with my accounts doubts? I would be really grateful if someone did so

M/J/10 v12 P1
Q16
Q26

O/n/10 v11 P1
Q6
Q27

O/n/11 v11 P1
Q6
Q7
Q21

O/n/11 v12 P1
Q3
Q5
Q13

O/n/12 v11 P1
Q17
Q24- i chose D as the GP% had also increased

O/n/12 v12 P1
Q8

O/n/12 v13 P1
Q1
Q5- what are the rules for limited liability companies I dint find them anywhere?? 
Q15
Q19
Q21 - how do we calculate this

Thanks alot! 

[z.s]

Here you go, please do some working and give me some explanation:
october/november 2004 - 14, 16, 19, 26, 29

may/june 2004 - 6, 10, 17, 18, 19, 27, 28, 29, 3o

may/june 2003 - 3, 14, 15, 17, 21,28

october/ november 2003 - 28, 18,22, 14

oct/nov 2002 - 29, 30

I have got some of doubts solved from otthers doubts here.. Please help mr for the ones I dont know

[z.s]

No one?