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Accounts P3 doubts here

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parthrocks1234:
CAN SOMEONE PLZZZZ HELP ME WITH PAST PAPER MAY/JUNE 2007 PAPER 3 ACCOUNTING 9706 A LEVELS CIE...PLZZZZZZZZZZZZZZZZZ...CAN SOMEONE SOLVE THE PAST PAPER AND EXPLAIN ME EACH QUESTION WITH A SHORT BRIEF REASON!!!PLZZZ URGENT.....INTERNAL EXAMS DER...PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Dasith:

--- Quote from: Tohru Kyo Sohma on January 27, 2012, 07:19:44 pm ---1 The following information has been extracted from the accounts of a company.
                                                                                            at 31 May
                                                                                       year 1      year 2
                                                                                          $            $
operating profit                                                                 700 000    880 000
depreciation                                                                       54 000     62 000
(loss) profit on disposal of non-current (fixed) assets               (18 000)      17 000
working capital (excluding cash and bank)                               107 000     123 000

What is the cash flow from operating activities in the year ended 31 May, year 2?
A $909 000 B $941 000 C $943 000 D $975 000

^is from P33 June 2010 Qns 1
i chose B but it's wrong,how?

--- End quote ---

I think what you did wrong here was you added the working capital(the increase in working capital) to the operating profit, which is wrong , since increase in working capital is a cash outflow it should be deducted...
(yea i knw im pretty late on this post... thaught it might just help the rest who's reading..)

Dasith:

--- Quote from: parthrocks1234 on July 15, 2012, 11:18:46 am ---CAN SOMEONE PLZZZZ HELP ME WITH PAST PAPER MAY/JUNE 2007 PAPER 3 ACCOUNTING 9706 A LEVELS CIE...PLZZZZZZZZZZZZZZZZZ...CAN SOMEONE SOLVE THE PAST PAPER AND EXPLAIN ME EACH QUESTION WITH A SHORT BRIEF REASON!!!PLZZZ URGENT.....INTERNAL EXAMS DER...PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

--- End quote ---
Explaining a whole paper involves a lot of time which i don't really have .. you could attempt the paper yourself & just ask the difficult ones maybe ?

Yummy:
can any1 help with may/june 2009 Q12? How did we get C?
 ???

Alpha:

--- Quote from: Manal Ezazi on April 29, 2013, 04:05:04 pm ---can any1 help with may/june 2009 Q12? How did we get C?
 ???

--- End quote ---

$000

Purchases, at cost = 450
Purchases, at selling price = 500 sold+ 50 in stock at SP = 550

So, for every $1 of SP, there is an element of 450/550 profit.
i.e. for $500 of SP, there is an element of (450/550)*500 profit.

So. G.P = 500 - (450/550)*500 profit.

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