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Author Topic: Accounting HELP !!!  (Read 21134 times)

Offline syedz123

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Accounting HELP !!!
« on: May 19, 2010, 11:53:34 pm »
this 2010 exam iz gna b da first time they wil use da new format...its nw 2 papers n limited companies are nw included in da syllabus..can any1 plz post any type of limited company questions for igcse levels c0z da A levels limited companies q r hard and i cnt fynd any to prac thanks  ;)
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Offline contraentry

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Re: Accounting HELP !!!
« Reply #1 on: May 22, 2010, 11:00:51 am »
Yea, but in the old format, the Multiple Choice paper only used to be accounted for as part of your grade if your combined total across P2 &3 was less than a C.

Practice the principles of accounts paper 2 (gce o level) of O/N or M/J 09, can't remember which, but there was a good sum on PLC.
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Offline giraffe195

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Re: Accounting HELP !!!
« Reply #2 on: May 22, 2010, 07:14:49 pm »
I think the specimen  paper has a question on company accounts.
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Offline nerdvictim

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Re: Accounting HELP !!!
« Reply #3 on: May 23, 2010, 09:56:36 am »
do you have any useful notes about the limited liability companies ? :S:S ???
im on the verge of panicing
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Offline giraffe195

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Re: Accounting HELP !!!
« Reply #4 on: May 23, 2010, 10:04:33 am »
A couple of formats I put together to review before the exam. You can do whatever you want with the file. Just make sure you mention who made it :).
I will add more as soon as I get time.
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Offline dodi23

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Re: Accounting HELP !!!
« Reply #5 on: May 23, 2010, 10:07:50 am »
+rep Thanks man very helpful!!!!
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Offline dodi23

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Re: Accounting HELP !!!
« Reply #6 on: May 23, 2010, 10:12:52 am »
hey do u noe nything bout sole traders nd stock iventory statements cz they r in the syllabus nd i never heard of them ???
Thanks aloot
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Offline giraffe195

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Re: Accounting HELP !!!
« Reply #7 on: May 23, 2010, 10:26:38 am »
Don't worry too much about it. The questions regarding stock rarely come. Solve question 4 in May 2006. Make sure you memorize this statement exactly: "Stock is valued at the lower of cost and net realizable value." This comes a lot and always worth 2-3 points.
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Offline DaaDoo

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Re: Accounting HELP !!!
« Reply #8 on: May 23, 2010, 11:23:21 am »
Quote from: aangel42 on May 23, 2010, 10:57:56 am
Thanks so much for the formats!! +rep :)
By the way, how are you guys practicing for tomorrow? Like is the format for the new P1 going to be similar to past papers 2 or 3 from before? I guess paper 2?

Im just doing some past papers, and going over deffenitions, ratios ect.
I think the new paper 1 will be a bit of the old ppr1 and 2.
And then the new ppr2 is going to be like the old ppr3.... if that made sence?  ;)

Im just getting confused with the double entry system,, which isnt pleasing me!  :P

Thanks for the notes By the way  ;D
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Offline dodi23

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Re: Accounting HELP !!!
« Reply #9 on: May 23, 2010, 11:38:06 am »
Thanks ;)
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Saavya

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Re: Accounting HELP !!!
« Reply #10 on: May 23, 2010, 12:37:24 pm »
theres 1 ex of a limited liab. acc from pg 9 to 13 in this doc.
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Offline YNWA

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Re: Accounting HELP !!!
« Reply #11 on: May 23, 2010, 12:40:35 pm »
Is bad debts recovered included in the Sales Ledger Control Account?
If yes, where and why ? :]
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Offline YNWA

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Re: Accounting HELP !!!
« Reply #12 on: May 23, 2010, 12:41:50 pm »
Do we have LIFO FIFO & AVCO methods of stock valuation in our syllabus this year?
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Offline nerdvictim

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Re: Accounting HELP !!!
« Reply #13 on: May 23, 2010, 12:59:38 pm »
Quote from: Saavya on May 23, 2010, 12:37:24 pm
theres 1 ex of a limited liab. acc from pg 9 to 13 in this doc.

omg ! thank you soooo much!!! :)
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holtadit

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Re: Accounting HELP !!!
« Reply #14 on: May 23, 2010, 02:49:26 pm »
When calculating capital for a firm do we minus LONG TERM LIABILITIES ?

Or is it just total assets - current liabilities.
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