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Author Topic: as accounting p1 discussion  (Read 3464 times)

Offline IGCSE hater!

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as accounting p1 discussion
« on: June 05, 2010, 01:49:51 pm »
its already past 24 hours so lets discuss the answers..
you know the cost for one tin...i circled A, 0.25..rite or wrong?
and question 29, the graphs they gave us..wt were the conclusion? i circled D..dunno
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #1 on: June 05, 2010, 01:53:48 pm »
i forget the tin answer
but the graph i also choose D
How about the factory profit? i seem like choose B
one of the question about quantity of bought and sold with price and there are also damaged? That one how to do?
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Re: as accounting p1 discussion
« Reply #2 on: June 05, 2010, 01:57:22 pm »
i dont remember about the factory profit one..
and the other question ur asking..is it about the one when they said that you buy this much and you sell this much and out of the left over units 20 were sold for $10 or somthing? for dat one i circled i think C

what about the gross profit one? it was highest in D rite?
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #3 on: June 05, 2010, 02:06:34 pm »
ya D
Do you multiple the bought and sold with their quantity and price respectively.Then, minus one of it and the add the remaining unit with price and quantity?
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Offline Crooked

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Re: as accounting p1 discussion
« Reply #4 on: June 05, 2010, 02:14:44 pm »
there were like 100 tins bought..60 sold..and 20 sold at a lower price cux they were damaged..i did it this way

purchases - closing stock = COGS
100*CP - 20*CP = COGS

sales - COGS = profit
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #5 on: June 05, 2010, 02:21:42 pm »
wat is the profit $400?

One of the questions about the capital expenditure treated as revenue expenditure
Is it the asset and profit is understated? D
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Offline Crooked

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Re: as accounting p1 discussion
« Reply #6 on: June 05, 2010, 02:26:49 pm »
Quote from: pastyear on June 05, 2010, 02:21:42 pm
wat is the profit $400?

One of the questions about the capital expenditure treated as revenue expenditure
Is it the asset and profit is understated? D

yea..the profit was $400

yes, they were understated !  ;)
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #7 on: June 05, 2010, 02:32:18 pm »
Do you take accounting A2?
which cash flow statement format do you used. Can you tell me?
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Offline Crooked

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Re: as accounting p1 discussion
« Reply #8 on: June 05, 2010, 02:37:11 pm »
Quote from: pastyear on June 05, 2010, 02:32:18 pm
Do you take accounting A2?
which cash flow statement format do you used. Can you tell me?

yea..how many formats are there? lol
FRS1 rule
it includes
operating activities
returns on investments and servicing of finance
taxation
investing activities aka capital expenditure ; purchases and sales of FA
financing
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #9 on: June 05, 2010, 02:54:12 pm »
oh you used this one .I think this is the old format
Which format does CIE accept?
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Offline Crooked

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Re: as accounting p1 discussion
« Reply #10 on: June 05, 2010, 02:56:12 pm »
Quote from: pastyear on June 05, 2010, 02:54:12 pm
oh you used this one .I think this is the old format
Which format does CIE accept?

this one, i sps
which one do yuh use?
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #11 on: June 05, 2010, 03:04:25 pm »
same as you
but the term in paper 2 is start to change
so did your lecturer said this format can be accepted?
I am From Malaysia. Where u from?
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Offline Crooked

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Re: as accounting p1 discussion
« Reply #12 on: June 05, 2010, 03:11:42 pm »
Quote from: pastyear on June 05, 2010, 03:04:25 pm
same as you
but the term in paper 2 is start to change
so did your lecturer said this format can be accepted?
I am From Malaysia. Where u from?

yea..this format is appropriate.
m from jeddah, KSA.
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Offline pastyear

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Re: as accounting p1 discussion
« Reply #13 on: June 05, 2010, 03:16:19 pm »
Did you lecturer do forecast on which topic will come out on Paper4?
or which topic will come out
Which varient do you take? I take varient 3
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Offline Crooked

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Re: as accounting p1 discussion
« Reply #14 on: June 05, 2010, 03:19:49 pm »
Quote from: pastyear on June 05, 2010, 03:16:19 pm
Did you lecturer do forecast on which topic will come out on Paper4?
or which topic will come out
Which varient do you take? I take varient 3

i take varient 2..she din forecast it yet..she told me that she'll lemme know few hrs before exams..
are yuh prepared for paper 4?
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