Qualification > Commerce

Accounting Paper 2 Discussion

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$!$RatJumper$!$:
wow thankx a lot for all ur help :) much appreciated :)
cheers

lastgift:
anytime :D!!!

$!$RatJumper$!$:
hey.. in paper 2 may june 2007 q3a), what do u do fr the rent is payable quarterly in advance? please help uurgently!!

lastgift:
hey..hope m not late..
for rent payable u know that the rent is being payed four time in a year (quaterly) therefore the $ 900 amount is for three months and the ledger account is made only for a month so u divide $900/3 which gives u $ 300 for the current month and the rest $ 600 is carried foward to the next month!!
clear?? ???

$!$RatJumper$!$:

--- Quote from: lastgift on November 03, 2009, 09:59:01 am ---hey..hope m not late..
for rent payable u know that the rent is being payed four time in a year (quaterly) therefore the $ 900 amount is for three months and the ledger account is made only for a month so u divide $900/3 which gives u $ 300 for the current month and the rest $ 600 is carried foward to the next month!!
clear?? ???

--- End quote ---

thankx a tun!! ur a real life saviour :P lol.. hav u done ur exam By the way?

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