Qualification > Queries

ALL OCT/NOV PAPER DISCUSSION HERE!

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$!$RatJumper$!$:
ok guys.. in accounts... im doing the May/June 2005 Paper 2 ... and im stuck so sickly on Q4b)
the mark scheme has 3600 Profit & Loss on the credit side.. but i really dont get why this is there...
any help would be appreciated.

Thankx

lastgift:
hey..once u record all the entries by cheque on the debit side...it gives u a total of $4400....and on the credit side u have $3600 for p/l because its already specified in the question that "The amount payable is $900 quarterly in advance"..therefore the rent is paid 4(quater) times during the year which comes upto $3600 (4x$900)!!and to balance it u have $800 as balance c/d!

hope its clear now :)

$!$RatJumper$!$:

--- Quote from: lastgift on November 01, 2009, 03:43:06 pm ---hey..once u record all the entries by cheque on the debit side...it gives u a total of $4400....and on the credit side u have $3600 for p/l because its already specified in the question that "The amount payable is $900 quarterly in advance"..therefore the rent is paid 4(quater) times during the year which comes upto $3600 (4x$900)!!and to balance it u have $800 as balance c/d!

hope its clear now :)

--- End quote ---

thank you man!! it is clear indeed :) thankx

~~~~shreyapril~~~~:
DO R BEST FOR TMR'S EXAMS EVERY BODY........

$!$RatJumper$!$:
Thankx man.. same to you :)

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