Qualification > Commerce

accounting doubts here

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Monica:

--- Quote from: IGCSE hater! on May 23, 2010, 08:21:22 am ---but you know istill cant solve any questions on it..
dats bcuz i dont get how they calculaqte sales..they use the bank balance and everything which i just dont get. PLS help

--- End quote ---

Post a question from pastpapers and I will try solving it.

@mik_92 check freeexampapers.com, IGCSE sectio, accounting.

immortal:

--- Quote from: Shoshou..Mony on May 23, 2010, 03:32:34 pm ---Post a question from pastpapers and I will try solving it.

@mik_92 check freeexampapers.com, IGCSE sectio, accounting.

--- End quote ---
Oki den solve...
O/N05 p-2  question a on costing :)

meanmich:
hey i wanted to know whether we should be having a balance b/d and balance c/d for a suspense account??

Monica:

--- Quote from: immortal on May 23, 2010, 04:12:22 pm ---Oki den solve...
O/N05 p-2  question a on costing :)

--- End quote ---

The one we get "bank" balance?

Okay, now you know that Asset= Liabilities+capital

so to get the bank balance we will Debit side -Credit side = Bank

Just add up all the Dr and add up all the Cr then subtract them from each other and at the end you will get the bank which is 43 000

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