Author Topic: Accounting AS level problem  (Read 1896 times)

Offline pastyear

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Accounting AS level problem
« on: May 04, 2010, 03:20:30 pm »
Can anyone pls explain how to get the answer of Oct/Nov 2009 varient 2 paper 2 Question 1 (b) and (c).
Pls show it in account format or other way which is easy to understand.

Thanks

***exam***

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Re: Accounting AS level problem
« Reply #1 on: May 05, 2010, 12:39:05 am »
sorry no idea trying 2 solve   will let u know when will get the answer  :-\

i seriously hope some one answers this 1 soon   :(

Offline pastyear

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Re: Accounting AS level problem
« Reply #2 on: May 06, 2010, 03:26:12 am »
anyone pls help me!!!

Monica

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Re: Accounting AS level problem
« Reply #3 on: May 06, 2010, 03:27:29 am »
I will try solving it today and posting about it later.

Offline immortal

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Re: Accounting AS level problem
« Reply #4 on: May 06, 2010, 09:42:48 am »
b.>
Credit sales=Cl debtors+credit sales(amount paid to bank)-Op debtors
                =400+(2950-50)-600
                =$2690000
Cash sales  =Cl cash bal+cash sales,expended-op cash bal
                =5+(152+70)-610
                =$221000
Total sales  =2690000+221000
                 =$2911000
[for this question im not sure if v have 2 show this in a format, but this is wat i did.Is it correct)


C.>
      Details                                 $'000                                $'000

Bal b/d                                                                               (210)
Banked                                       2950
Purchases                                   (1750)
Interest on overdraft                     (30)
expenses                                     (810)                       360
Bal c/d(bank bal)                                                                  150

 
« Last Edit: May 06, 2010, 09:49:43 am by immortal »
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Offline immortal

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Re: Accounting AS level problem
« Reply #5 on: May 06, 2010, 03:57:15 pm »
Oct/Nov 2009 Varient 2, Question 2(a)(iii) and (iv)

(iii) dey r basic prov for dep a/c, only da depreciation has 2 b found.For which straight line method is used.
 
 F&E a/c(find dep charge using 2008 values)
             2970*X%=297
             X=10%
  M.V a/c
             1800*X%=450
             X=25%
To find da amount 2 b transferred 2 da P&L a/c,use da closing bal of asset account.
Likewise find da dep charged on disposed assets & create da A/c.

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Offline pastyear

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Re: Accounting AS level problem
« Reply #6 on: May 07, 2010, 10:29:25 am »
Thanks ;D ;D ;D ;D ;D

***exam***

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Re: Accounting AS level problem
« Reply #7 on: May 07, 2010, 12:32:43 pm »
Thanks a lot

Offline aaakhtar19

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Re: Accounting AS level problem
« Reply #8 on: October 30, 2011, 10:38:44 am »
Iss there any forum discussing Past paper problems for P4 accoutning CIE A level

Reply soon thankyou,

Offline Dasith

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Re: Accounting AS level problem
« Reply #9 on: October 30, 2011, 04:52:52 pm »
Iss there any forum discussing Past paper problems for P4 accoutning CIE A level

Reply soon thankyou,

Yea sure ,just post your question on https://studentforums.biz/commerce/ section please
I would love to change the world, but they won't give me the source code. ;)