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Author Topic: Accounting Paper 2 Discussion  (Read 7435 times)

Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #15 on: November 03, 2009, 10:09:55 am »
ur welcum :)

yeah!!just gave it!!really cool paper!! ;D!!!

when is urs??
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #16 on: November 03, 2009, 10:11:46 am »
serious.. yeah i hav mine in an hour and a half..
so is it like the past papers.. or easier?
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #17 on: November 03, 2009, 10:13:12 am »
mmmm...i found it considerably very easy compared to m/j 09!!
thresholds are going to soar!!
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #18 on: November 03, 2009, 10:17:58 am »
ah thats shweet.. easier than m/j 09?!!? wow.. that paper was real easy.. this is goin to be paradise then ;) haha
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #19 on: November 03, 2009, 10:23:03 am »
hey! i need help again.. sorry

in m/j 09... i dont understand q2 d) and e)
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #20 on: November 03, 2009, 01:49:00 pm »
in acc.. if u reduce drawings... does the wroking capital stay the same, increase or decrease
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Alpha

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Re: Accounting Paper 2 Discussion
« Reply #21 on: November 03, 2009, 01:55:53 pm »
Working Capital is the difference between Current Assets and Current Liabilities...

Usually, no, since drawings affects the Owner's Fund...

But yes, if drawings has not been deducted from the Cash/Bank balance or the Closing Inventory, then yes, Working capital will reduce.
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #22 on: November 03, 2009, 02:26:00 pm »
If you reduve drawings then ur working capital is likely to 'increase'!! :)

so how was the paper?? ::)
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #23 on: November 03, 2009, 04:22:51 pm »
was good :) except i messed up this drawings thing :P lol..
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #24 on: November 03, 2009, 05:42:29 pm »
hey to get an A* in accounts... do u HAVE to get an A for all papers u do? or can u like get a B for one and a high A for the other and still get an A*
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Alpha

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Re: Accounting Paper 2 Discussion
« Reply #25 on: November 04, 2009, 12:44:51 pm »
Quote from: lastgift on November 03, 2009, 02:26:00 pm
If you reduve drawings then ur working capital is likely to 'increase'!! :)

so how was the paper?? ::)

Why? How?

Cash Drawings will not affect, depending upon the structure in which the question has been set.

Drawings of goods will be deducted from Purchases, still depending upon the question, which is normally the case.

Can you be more explicit?
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #26 on: November 04, 2009, 12:46:30 pm »
Quote from: ~Alpha on November 04, 2009, 12:44:51 pm
Why? How?

Cash Drawings will not affect, depending upon the structure in which the question has been set.

Drawings of goods will be deducted from Purchases, still depending upon the question, which is normally the case.

Can you be more explicit?

what did u answer Alpha?? I said "no effect" in the exam :P lol
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Alpha

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Re: Accounting Paper 2 Discussion
« Reply #27 on: November 04, 2009, 12:58:16 pm »
Hehe...
My mind is BLANK....LOL  :P

Which question, if you remember still?  ;)
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #28 on: November 04, 2009, 01:04:22 pm »
haha umm... it was the one where it said tick if its an increase, decrease or no effect on working capital if drawings are decreased...
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Alpha

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Re: Accounting Paper 2 Discussion
« Reply #29 on: November 04, 2009, 01:07:14 pm »
No Effect  :)

Thanks for refreshing...lol  ;D

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