Qualification > Commerce
Business Studies/accounting and economics Notes HERE!
Bessy:
i chose business and accouting before my teacher told me not choose both of them
the senior tell me accounting is quite related to the math about calculating sth but i am careless
about economy they think business is hard enough to get A if add a economy it become harder
under the pressure i choose chemistry instead of economy because i will not change the decision of chosing business although i am not interested in chemistry but maybe it's good for the future economy is too as similar as business :'( :'( :'(
frenzy1234:
i have my acounts exam on the 1st and really need help in 2 topics ...went through notes etc... bt still when a sum comes in front of me im unable 2 solve it sm1 pls help me
topics are
-godwill (what 2 do with it the goodwill a/c etc..)
-that reciepts and payments chapter(confusing!!)
al noor:
--- Quote from: frenzy1234 on May 25, 2009, 10:56:52 am ---i have my acounts exam on the 1st and really need help in 2 topics ...went through notes etc... bt still when a sum comes in front of me im unable 2 solve it sm1 pls help me
topics are
-godwill (what 2 do with it the goodwill a/c etc..)
-that reciepts and payments chapter(confusing!!)
--- End quote ---
Maybe i can help some way..
Lets say that there is 2 partners A and partner B and then Partner C joins the business...
While doing a goodwilla/c u can study the Journal which is:
When u r opening a goodwilla/c u should study the Journal :
Goodwilla/c
Old partners (which are partner A and partner B)
and for writing the amount u take the old ratio and calculate it...lets say if the amount is $1200 and the old ratio is 2:1 soo u calculate this and write it
By closing the goodwill a/c the Journal is:
Partner A
Partner B
Partner C
Goodwilla/c
and to find these amount u should take the new ratio....u take the same amount but the new ratio which maybe 2:2:1 and then u calculate it...
I am sure i am nt a good explainer but i tried my best..And good luck ;)
angell:
good explanation noor, +rep..!
al noor:
--- Quote from: angell on May 25, 2009, 01:57:37 pm ---good explanation noor, +rep..!
--- End quote ---
Thnkzz...
But i dont think i explained very well right??
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