Qualification > Commerce
da AcCoUnTiNg PaPeR 3 zzz.zzz..zzz
IGCSE hater!:
o and u noe da question in which dey r like how does the % epenses to sales effect the effiency of da business..
i rote dat as cuz it decreases the gross profit and net profit % also decreases which decreases da efficinecy of da business...iz dat rite?!
and also...da question where debtos payin us...how does it effect da workin capital?! i wrote it stays da same cuz ur debtors r decreasin and at da same time ur cas is increasin...
and my lsat question...the debots and creditos period thingy..how does tht effect the liquidity?! i sed tht although they r getin cash from debtos after a long time...they r still able to pay their creditos meanin the liquidity is high??
ooo...LAST one...was it a deficiet of 490?!
Rashro0osh:
this exaam waaaz stupid.... i thought most of da meanings and da concepts come in p2
we had p3 chemistry sooo we didnt study on either waaayz
sooo it waz all aloooot of mess but i did fyn except for the meanings i wrote wat ever came on ma mind because some of them we didnt even hear abt them. ??? ??? ???
Nanavel:
Damn .. it was very very hard paper .. most of things i didnt knew how to solve them .. and moreover i was very sleepy during the examination ..
I hate it
They should have told us about the new pattern of the exams >> in the old pattern at least we could gain some marks but in this one it is totally BULL**** ..
Duhhhh ..
anyhow .. lets try best for the next Exam .. Insha'allah we will pass
shan2391:
--- Quote from: Nanavel on June 01, 2009, 09:32:01 pm ---Damn .. it was very very hard paper .. most of things i didnt knew how to solve them .. and moreover i was very sleepy during the examination ..
I hate it
They should have told us about the new pattern of the exams >> in the old pattern at least we could gain some marks but in this one it is totally BULL**** ..
Duhhhh ..
anyhow .. lets try best for the next Exam .. Insha'allah we will pass
--- End quote ---
By the way the multiple choice for accounting would only count if u gain less than C grade.
saiki:
well i think 24hrs past now... (at least for me)...
about the paper- just some tricky questions=>
- revaluation = its like u call the garage/shop n ask them to value ur asset, (as if ur sellin it)
- control a/c bad debt recovered 300$ cash => in control a/c 1st dr bad debt recov 300 AND 2nd cr cash 300 OR ignore it completely (since they cancel out)
- control a/c - dont include provision for doubtful debts
- depreciation, one vehicle u charge for 8 months onli (1st JUL - 28 Feb)
- pnl, u dont hav gross profit since its service business-> so just rev (clients go in the revenue section), exp, np
n remember it said do "PnL a/c".. not "trading, Profit and Loss a/c"
http://books.google.com/books?id=YG8sqLZBXBUC&pg=PA129&lpg=PA129&dq=profit+and+loss+service+business+trading&source=bl&ots=PVElVNNsB2&sig=KAdD-PCUlym-6rfPTzWzhy5nVFE&hl=en&ei=KowkSuaVGc2GkAXw_dWqBw&sa=X&oi=book_result&ct=result&resnum=4#PPA129,M1 (scroll down a bit)
- subscription to InE = transfer $2500
- InE deficit
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