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Author Topic: Accounting Paper 2 Discussion  (Read 7437 times)

Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #30 on: November 04, 2009, 03:36:00 pm »
Drawings are generally in form of cash or purchases (stock)...therfore it they are reduced and with a increase in current assets its likely that W.C would improve...
If anyone of u have the book by Catherine Coucom (ISBN 978-0-521-72001-4) then its clearly said so in on pg.375!!
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #31 on: November 04, 2009, 03:49:47 pm »
By the way hows everyone preparing for paper 3??
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #32 on: November 04, 2009, 03:55:38 pm »
yeah ok u got a point there :)
and fr p3... past papers are the best option :) lol u?
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #33 on: November 04, 2009, 04:03:32 pm »
yeah!!m feeling so lazy to reread the entire book so relying on pastpprs seems as a safe opt!!!! ;)!!
dint even come across helpful site dor accnts so we dont have much option!! :-\
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #34 on: November 04, 2009, 04:09:34 pm »
yeah tru tru... oh well.. the exam will be easy.. considering that the p2 was easy.. wat do u think?
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #35 on: November 04, 2009, 04:14:36 pm »
yeah hoping so!!but seeing the previous trend of o/n 08..ppr 2 was easy but many messed up in ppr3 !!
luck and hope are vital!! ;)
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #36 on: November 04, 2009, 04:15:32 pm »
baha yeah yeah thats tru :P well we just gta do our best :)
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #37 on: November 04, 2009, 04:17:33 pm »
and come out with flying colour!! :)
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #38 on: November 05, 2009, 01:09:51 pm »
hey..for the quick (acid test) ratio we subtract stock and prepayments from the current assets?? ???
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Offline adorabledaughter_07

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Re: Accounting Paper 2 Discussion
« Reply #39 on: November 05, 2009, 01:37:23 pm »
formula for quick ratio iz simple..
      current assets-stock/current liab :)
 
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"Never say a problem is difficult, because if it were not difficult,it wudnt be a problem!"

Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #40 on: November 05, 2009, 01:41:45 pm »
yeah...i know..was a lil confused if we deduct prepayments too!!
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Offline adorabledaughter_07

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Re: Accounting Paper 2 Discussion
« Reply #41 on: November 05, 2009, 01:43:58 pm »
nah...prepayments are included in de current assets!..
all set for paper 3??hope its easy.. :P
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"Never say a problem is difficult, because if it were not difficult,it wudnt be a problem!"

Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #42 on: November 05, 2009, 01:46:36 pm »
thanks for clearing the confusion!! :)
i have BS + accounts tom..so VERY tensed!! :(!!
but hopefully paper 3 wld be easy just like paper 2!!!  :-\
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Offline adorabledaughter_07

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Re: Accounting Paper 2 Discussion
« Reply #43 on: November 05, 2009, 01:54:21 pm »
welcom!...me too havin french +acc..
all de best then! :)
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"Never say a problem is difficult, because if it were not difficult,it wudnt be a problem!"

Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #44 on: November 05, 2009, 01:58:17 pm »
ohh!!
Bonne chance!! :)
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