Qualification > Commerce
all acc doubts here !!
immortal:
--- Quote from: ***exam*** on May 23, 2010, 01:09:10 am ---same paper may/june04 Q3 A) how do we get administration amount :$ 63000 (as given in the marking scheme ???
http://www.srepapmaxeeeerf.org/A%20Level/Accounting/CIE/2004%20Jun/9706_s04_ms.pdf (page 10 )
--- End quote ---
First sum up da investment made by da partners..(dat is equipment,stock,debtors etc)
deduct da agreed transferred amounts dat is 45000 & 3000
this value is goodwill, which is recorded in Cr side of da a/c
As goodwill is not maintained,write off this goodwill by Dr da same value.
Da only difference is 2 writing off wit da P&L ratio.
Dr Bal b/d of 30000&45000, name it sundries not bal B/d
da difference on both sides is da bal c/d...
meanmich:
our igcse paper 1 is tomorrow...thats y i wanted to know
***exam***:
--- Quote ---First sum up da investment made by da partners..(dat is equipment,stock,debtors etc)
deduct da agreed transferred amounts dat is 45000 & 3000
this value is goodwill, which is recorded in Cr side of da a/c
As goodwill is not maintained,write off this goodwill by Dr da same value.
Da only difference is 2 writing off wit da P&L ratio.
Dr Bal b/d of 30000&45000, name it sundries not bal B/d
da difference on both sides is da bal c/d...
--- End quote ---
i got it now !! Thanks :)
***exam***:
may/june 05 Q3 b) what is all this i never got it ???
Q2 b ii) oct/nov 04 !!
plz help me with these !! Thanks in advance !!
immortal:
Love 2 help u, but got Aict as well, & i'm blank in this subject..
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