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Author Topic: Accounting Paper 2 Discussion  (Read 7446 times)

Offline $!$RatJumper$!$

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Accounting Paper 2 Discussion
« on: November 02, 2009, 03:38:42 pm »
is it possible that Manufacturing, income n expendature and partnership accounts are likely to come for a paper 2 in accounts???

Thankx guys
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holtadit

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Re: Accounting Paper 2 Discussion
« Reply #1 on: November 02, 2009, 03:53:22 pm »
Yes, very much possible. I suggest u learn every aspect of the syllabus as each topic has an even probability of coming in the exam.

Manufacturing, income n expenditure accounts do come quite frequently but partnerships have a slightl less likelihood of appearing in an exam.
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #2 on: November 02, 2009, 03:56:55 pm »
Quote from: Ari Ben Canaan on November 02, 2009, 03:53:22 pm
Yes, very much possible. I suggest u learn every aspect of the syllabus as each topic has an even probability of coming in the exam.

Manufacturing, income n expenditure accounts do come quite frequently but partnerships have a slightl less likelihood of appearing in an exam.

i see.. but i thought that these types will only come in a paper 3... well thats what a friend told me.. anyways.. thankx... ill be sure to study them now :) cheers
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #3 on: November 02, 2009, 04:03:02 pm »
oh and also... could you guys please sum up what is put into a current account and a capital acccount. Just like the things on the debit side and credit side.
Also, what is the diff between a current and capital?
thankx
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #4 on: November 02, 2009, 04:13:54 pm »
i have already answered the question in the other thread (all oct/nov 09 discussions here) and as for the current and capital a/c..


for current accnt on debit side u have-(anything which reduces the value of the capital)
drawings and interest on drawings on
 
credit side (which increases the value of the capital)-
interest on capital
salary
profit share (from p/l appropriation a/c)
interest on loan

i wll post a link to make it more clear if i can :D...

« Last Edit: November 02, 2009, 04:20:32 pm by lastgift »
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #5 on: November 02, 2009, 04:17:58 pm »
thankx bro.. that cleared it up :)
By the way which other thread is this that ur talkin abt?
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #6 on: November 02, 2009, 04:22:23 pm »
edited the previous post!!
and not "bro"....i shld put a more feminine username i guess!! ;)
« Last Edit: November 02, 2009, 04:31:11 pm by lastgift »
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #7 on: November 02, 2009, 04:26:01 pm »
oh sorry for that...my apologies :)
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #8 on: November 02, 2009, 04:27:28 pm »
no worries at all!! 8)
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #9 on: November 02, 2009, 04:30:23 pm »
By the way just to give u a clearer idea of the syllabus and the division of it see the checklist....
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #10 on: November 02, 2009, 04:33:49 pm »
wow thankx a lot for all ur help :) much appreciated :)
cheers
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #11 on: November 02, 2009, 04:38:30 pm »
anytime :D!!!
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #12 on: November 03, 2009, 08:35:08 am »
hey.. in paper 2 may june 2007 q3a), what do u do fr the rent is payable quarterly in advance? please help uurgently!!
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Offline lastgift

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Re: Accounting Paper 2 Discussion
« Reply #13 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?? ???
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Offline $!$RatJumper$!$

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Re: Accounting Paper 2 Discussion
« Reply #14 on: November 03, 2009, 10:08:30 am »
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?? ???

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