Qualification > Commerce

ACCOUNTING PAPER 1

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***exam***:
Pap1 june09
Q9
Q16
Q19
Q25
Q29
Q30
 :'( :'( :'(
plz help


@coco pops  may june 09
n q 20:  see the share holder has the shares whether he sells them in loss or profit  the business wont be affected its only the shareholder whoz going 2 be affected so the ans is D

Siddarney:
Have you got a copy of the paper I'll go through it and post answers... Got full marks on my Unit 1 exam!

***exam***:
yeah
here it is

***exam***:
and here the marking scheme

coco pops:
@exam
Q9) 63000-36000=27000
purchse ledgr control acc gives creditors..so credit side n tht was understated by 27000
so u add 27000 on credit side n hence answer is D

q)19 is already posted on the thread

q25) 9600/240000 = 0.04 > this is amt fr each share
then (0.04/3.20)*100 = 1.25 > so option A

q29) (F.C/contribtuion per sellin price) = 100,000/0.4
wich gives 250,000 then 250,000/25 =10,000 units

q30) overhead recovered 116000*2.2=255200
261000-252200=5800

as actual(261000) is more than budgeted (252200)
answer is B >.5800 underabsorbed

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