Qualification > Commerce

Accounting HELP !!!

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elemis:

--- Quote from: Almostfreaking on June 06, 2010, 05:34:58 pm ---Thanks a ton!
Also, do you know how the markscheme of the Specimen P1 arrives at the answer of the BRS question? :/

--- End quote ---

The MS is wrong ;) Dont think too much about it.

VIP_93:
i have a question... in specimen paper 2 question 3 about clubs...can some1 explain why r wages and depreciation included in the trading account although they should be included in the profit and loss account??
thx in advance

YNWA:

--- Quote from: VIP_93 on June 06, 2010, 07:45:09 pm ---i have a question... in specimen paper 2 question 3 about clubs...can some1 explain why r wages and depreciation included in the trading account although they should be included in the profit and loss account??
thx in advance


--- End quote ---
They are the expenses relating to the shop in the club and not the entire club as a whole. In the Club's Income and Expenditure account, under "Incomes" this would appear as profit from shop.

contraentry:
Best of luck to all doing their Accounting Paper 2 tomorrow, Hopefully it will be a good paper, and we will all do well! :)

Just another 5 days and the exams are done! I personally can't wait for Summer '10 to start, its gonna be awesome!

giraffe195:

--- Quote from: aangel42 on June 06, 2010, 06:11:46 pm ---What do "C/F" and "O/F" mean on the mark schemes?
I've always wondered but never bothered to ask

--- End quote ---

Own figure and Correct figure.

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