da AcCoUnTiNg PaPeR 3 zzz.zzz..zzz

[Monica]

yer i got the confusion in the income and exp how can the two values for subscriptions be different in subscriptions and income account and shoushou fokak el emta7an kheles men zaman wel ppl eli bey2oli matetkalemosh 3ala el paper dol 3obet 3ady 2olili 3amelti eh fel depreciation fel private message if u r still khayefa menohom lol we thanksss ya shoushou for helping me in accounting alotzz  rabina yekhaliki le egyptz  +repzzzz for u

hahaha!! tyb ana ill send u a private message..lol bel 3akes ana 2osoli thank u 3ashan u made me practice more!! hmmm we enta tab3an akeed maseri!! MASER MASER!!lol!! +rep for u too!!

[fahadigcse]

hi i have also given account paper today and wanna discuss on that ,,,,,whats is revaluation method of depricaiton

[7ooD]

7aram 3aleki ya moftariyaaaaaa enti 3amelti -rep   anywayz hateradelak sooon muhahaha   jking we ay khed3a 3ala el practicing do u take physics or busbis cuz in physics relly if u need any help just whistle bas    

[7ooD]

revaluation is in the accounting book it wasn't an alien question

[7ooD]

@ igcse hater!

yer it was u just had to subtract da gp from np

[sbmbm007]

won't discuss any questions yet...but the paper was good.

but i surely doubt some of the answers being put up.

[Monica]

7aram 3aleki ya moftariyaaaaaa enti 3amelti -rep  anywayz hateradelak sooon muhahaha  jking we ay khed3a 3ala el practicing do u take physics or busbis cuz in physics relly if u need any help just whistle bas   

la2 ana!! i never do -rep to people!! walhai 3amaltelik +rep!! matkhalaneesh adrabak !!

lol!! i still didnt take physics bas ill take in Nov inshalla..i take business

[CrEaTuRe_X]

hi i have also given account paper today and wanna discuss on that ,,,,,whats is revaluation method of depricaiton

The question was for two marks, inorder to get 2, you needed these two points ( Saw them in previous passpaper question) Its measured with a fixed percentage (1) and the amount charged changes every year (1)

[IGCSE hater!]

lol Thanks 700d....atleast sumone answered my question! *sniff* *sniff*

[ETCH]

@CrEaTuRe_X
u r talking about the reducing balance.The revaluation method is the decrease in value of the asset when revalued at the end of the year.

[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]

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

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