Qualification > Commerce

ACCOUNTING PAPER 1

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Siddarney:
Q9 is D because you need to add the difference into the purchase ledger and minus it from the suspense as this is only a temporary account, therefore needs to be corrected

Siddarney:
Oh there ya go Coco answered it for ya   :)

***exam***:
oh thnxxxxxxxxxxxxxxxxx a loooooooottttt for the explanation !!!!!  :D :D :D :D

immortal:

--- Quote from: coco pops on June 03, 2010, 04:09:15 pm ---o ok thank you
also cld u help me in oct nov 09 varian 1
question 11,23,30
ques no. 16 and 18...these two questions are in variant 2 as well..but they have given diff answers in tht =S
and may june 09 question 16 and 20
thank you once agn

--- End quote ---
Q11>CL unrealized profit
      3000*20/120
       =500

Q23> Divid yield=divid per share*nominal value(1)/market value*100
        4%=0.16*1/X*100
        1/X=0.25
         X=4

immortal:
Q30>As u kno absorption costing only affects Cl & op stock..
        OAR=(120300-100800)/(28200-25200)
                =6.5

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