IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: angell on May 16, 2009, 07:18:05 pm

Title: Business Studies/accounting and economics Notes HERE!
Post by: angell on May 16, 2009, 07:18:05 pm
Hey guys...

I found these notes while browsing..maybe u'd find it useful.
lemme give u a link to it...

http://www.tutor2u.net/revision_notes_business_gcse.htm

It also has accounting and economics notes, if u browse through!!

Title: Re: Business Studies/accounting and economics Notes
Post by: angell on May 16, 2009, 07:19:53 pm
heres the link for economics:
http://www.tutor2u.net/revision_notes_economics_gcse.asp

and here u go for accounting:
http://www.tutor2u.net/sub_accounting.asp
Title: Re: Business Studies/accounting and economics Notes
Post by: X Abdulrahman X on May 16, 2009, 07:21:11 pm
i checked the bus. one only and it was great, thanx alot :D
Title: Re: Business Studies/accounting and economics Notes
Post by: angell on May 16, 2009, 07:22:23 pm
dont forget to +rep:P:)

anytime!!:)
Title: Business St. and Accounting help HERE ONLY!!
Post by: sanity_master on May 22, 2009, 06:24:20 pm
hey guys,

any questions or doubts about Business St. or Accounting, just post them here and wait for an answer :)


thank you.
Title: Re: IGCSE Business St., Accounting help HERE ONLY!!
Post by: Freaked12 on May 22, 2009, 06:34:53 pm
will they cut marks for the working of breakeven.The one about FC - SP= contribution if they didnt ask for it.

I jus do the working to make sure i have the correct break even?

Any help really appreciated 8)
Title: Re: IGCSE Business St., Accounting help HERE ONLY!!
Post by: Rozalin on May 22, 2009, 07:10:49 pm
hiiiiiiiiiz :)
i have a question on accounting if it is okay......
about the Bank Reconciliation system and the cash book i dont rly know what accounts to put in the cash book and which accounts i will put in the Bank Reconciliation <----june 2008 paper 3 it's kinda confusing o.O  :'(

and thxxxx =3
Title: Re: IGCSE Business St., Accounting help HERE ONLY!!
Post by: CrEaTuRe_X on May 22, 2009, 07:11:55 pm
will they cut marks for the working of breakeven.The one about FC - SP= contribution if they didnt ask for it.

I jus do the working to make sure i have the correct break even?

Any help really appreciated 8)

Yea, they do, working is ESSENTIAL. Infact, you get marks if your working is correct but final answer wrong.
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: frenzy1234 on May 23, 2009, 11:57:39 am
how should i change marup to margin or vise versa??? pls help
Thank You ???
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: al noor on May 23, 2009, 12:38:47 pm
how should i change marup to margin or vise versa??? pls help
Thank You ???

Heyzz....umm if they give u in the question that mark up is 20% which means is 1/5 right..soo if u want 2 change it 2 margin u add one to the denominator which will be 1/6..and if u want 2 change margin 2 mark up u should deduct one from denominator..
I hope u understood and hope it helps if it helps just add my +rep please..
Good luck :)
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: frenzy1234 on May 23, 2009, 02:33:07 pm
++ rep for u Thank You
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Ivy on May 23, 2009, 03:21:17 pm
which is easier and more useful in the future, business st. or accounting? i am so confused about it.
please give me a favour and thank you very much! ???
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Bessy on May 23, 2009, 03:35:35 pm
which is easier and more useful in the future, business st. or accounting? i am so confused about it.
please give me a favour and thank you very much! ???
i think business is much more difficult than accounting
 intractable case   it's hard to get mark ;D ;D
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: angell on May 23, 2009, 03:44:01 pm
Oh no, definitely its accounting thats much harder!

Business is EASY if you know the concepts - no solving, working, etc!!
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: diva_doll on May 23, 2009, 06:44:50 pm
no economicz?!??!?!?!??!??!?!?!?
ahhhh..m gonna fail in diz...i swear!
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Monica on May 23, 2009, 06:48:28 pm
which is easier and more useful in the future, business st. or accounting? i am so confused about it.
please give me a favour and thank you very much! ???

Accounting is soooo easy, Business is easy too but accounting is easier! lol!!

and for future life u will use business... see even if ur a doctor and running a hospital u should have to know about business... for me i use business in everything in my life, especially the motivation theory... I LOVE BUSINESS!! :) ;)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: aj ahmed07 on May 23, 2009, 07:01:14 pm
thnxxx.....cool notes.....
Thanks again...
+REP 4 u
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Monica on May 23, 2009, 07:02:55 pm
THANK YOU ANGEL!!! :)
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Bessy on May 24, 2009, 07:42:46 am

Accounting is soooo easy, Business is easy too but accounting is easier! lol!!

and for future life u will use business... see even if ur a doctor and running a hospital u should have to know about business... for me i use business in everything in my life, especially the motivation theory... I LOVE BUSINESS!! :) ;)
  motivation theory? you use it in UR life? how?
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Monica on May 24, 2009, 08:28:04 am

Accounting is soooo easy, Business is easy too but accounting is easier! lol!!

and for future life u will use business... see even if ur a doctor and running a hospital u should have to know about business... for me i use business in everything in my life, especially the motivation theory... I LOVE BUSINESS!! :) ;)
  motivation theory? you use it in UR life? how?

haha!! yaaa...like for studying, if ur teacher doesnt motivate u by giving good grades or encourages u by nice words, ill hate the subject and feel that it is not interesting... not only that in life, u will have to work hard to gain wat u want, and in class when there r many A* students u feel that there is strong competition and so u try to do ur best..... also for communication, if a husband and wife doesnt communicate with each other, their life will be ineffective...lol, if ur going to get married u have to plan for ur wedding and organize it to be successful, not only that if u dont plan for wat university u wanna enter u will never have aims or targets to work towards the achieve wat u want...lol!! and like this i use business in life by using every chapter...lol!!
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Bessy on May 24, 2009, 11:40:00 am

Accounting is soooo easy, Business is easy too but accounting is easier! lol!!

and for future life u will use business... see even if ur a doctor and running a hospital u should have to know about business... for me i use business in everything in my life, especially the motivation theory... I LOVE BUSINESS!! :) ;)
  motivation theory? you use it in UR life? how?

haha!! yaaa...like for studying, if ur teacher doesnt motivate u by giving good grades or encourages u by nice words, ill hate the subject and feel that it is not interesting... not only that in life, u will have to work hard to gain wat u want, and in class when there r many A* students u feel that there is strong competition and so u try to do ur best..... also for communication, if a husband and wife doesnt communicate with each other, their life will be ineffective...lol, if ur going to get married u have to plan for ur wedding and organize it to be successful, not only that if u dont plan for wat university u wanna enter u will never have aims or targets to work towards the achieve wat u want...lol!! and like this i use business in life by using every chapter...lol!!
   wow~ it seems UR so interested in business  i will learn business instead of accounting next year 
   haha i will use my business knowledge in my life as well
   i think u should take in part in some debate or something        ur good at that ;D ;D ;) ;) ;) ;)
   lol!!!!
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: al noor on May 24, 2009, 01:25:06 pm

Accounting is soooo easy, Business is easy too but accounting is easier! lol!!

and for future life u will use business... see even if ur a doctor and running a hospital u should have to know about business... for me i use business in everything in my life, especially the motivation theory... I LOVE BUSINESS!! :) ;)
  motivation theory? you use it in UR life? how?

haha!! yaaa...like for studying, if ur teacher doesnt motivate u by giving good grades or encourages u by nice words, ill hate the subject and feel that it is not interesting... not only that in life, u will have to work hard to gain wat u want, and in class when there r many A* students u feel that there is strong competition and so u try to do ur best..... also for communication, if a husband and wife doesnt communicate with each other, their life will be ineffective...lol, if ur going to get married u have to plan for ur wedding and organize it to be successful, not only that if u dont plan for wat university u wanna enter u will never have aims or targets to work towards the achieve wat u want...lol!! and like this i use business in life by using every chapter...lol!!
   wow~ it seems UR so interested in business  i will learn business instead of accounting next year 
   haha i will use my business knowledge in my life as well
   i think u should take in part in some debate or something        ur good at that ;D ;D ;) ;) ;) ;)
   lol!!!!

Why can't u take both accounts and business ???
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Freaked12 on May 24, 2009, 01:29:50 pm
hmmm...last time i saw grading thresholds for acc and business.
Business paper 1 was 63 and 67 for paper 1 and paper 2 respectively while in the same year Acc had a much much higher gt.fergot the numbers ;D
Title: Re: Business St. and Accounting help HERE ONLY!!
Post by: Bessy on May 24, 2009, 01:34:08 pm

Accounting is soooo easy, Business is easy too but accounting is easier! lol!!

and for future life u will use business... see even if ur a doctor and running a hospital u should have to know about business... for me i use business in everything in my life, especially the motivation theory... I LOVE BUSINESS!! :) ;)
  motivation theory? you use it in UR life? how?

haha!! yaaa...like for studying, if ur teacher doesnt motivate u by giving good grades or encourages u by nice words, ill hate the subject and feel that it is not interesting... not only that in life, u will have to work hard to gain wat u want, and in class when there r many A* students u feel that there is strong competition and so u try to do ur best..... also for communication, if a husband and wife doesnt communicate with each other, their life will be ineffective...lol, if ur going to get married u have to plan for ur wedding and organize it to be successful, not only that if u dont plan for wat university u wanna enter u will never have aims or targets to work towards the achieve wat u want...lol!! and like this i use business in life by using every chapter...lol!!
   wow~ it seems UR so interested in business  i will learn business instead of accounting next year 
   haha i will use my business knowledge in my life as well
   i think u should take in part in some debate or something        ur good at that ;D ;D ;) ;) ;) ;)
   lol!!!!

Why can't u take both accounts and business ???
  our school doesn't suggest us choose two Commercial Studies?business accounting economy)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Monica on May 24, 2009, 01:56:26 pm
ill tell u.... Business and Economics r sooo similar ull find the same topics r repeated But Accounting is the easiest of them, and besides Economics is soooo boring, i dont tale it but that is what my friends told me about Eco....So u can take both Accounting and Business!! :) :D
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Bessy on May 24, 2009, 02:21:53 pm
  i chose business and accouting before my teacher told me not choose both of them
  the senior tell me accounting is quite related to the math about calculating sth but i am careless
  about economy  they think business is hard enough to get A  if add a economy  it become harder
  under the pressure i choose chemistry instead of economy because i will not change the decision of chosing business  although i am not interested in chemistry but maybe it's good for the future  economy is too as similar as business :'( :'( :'(
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: frenzy1234 on May 25, 2009, 10:56:52 am
i have my acounts exam on the 1st and really need help in 2 topics ...went through notes etc... bt still when a sum comes in front of me im unable 2 solve it sm1 pls help me
topics are
-godwill (what 2 do with it the goodwill a/c etc..)
-that reciepts and payments chapter(confusing!!)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: al noor on May 25, 2009, 01:55:01 pm
i have my acounts exam on the 1st and really need help in 2 topics ...went through notes etc... bt still when a sum comes in front of me im unable 2 solve it sm1 pls help me
topics are
-godwill (what 2 do with it the goodwill a/c etc..)
-that reciepts and payments chapter(confusing!!)

Maybe i can help some way..
Lets say that there is 2 partners A and partner B and then Partner C joins the business...

While doing a goodwilla/c u can study the Journal which is:

When u r opening a goodwilla/c u should study the Journal :
Goodwilla/c
            Old partners (which are partner A and partner B)

and for writing the amount u take the old ratio and calculate it...lets say if the amount is $1200 and the old ratio is 2:1 soo u calculate this and write it

By closing the goodwill a/c the Journal is:

Partner A
Partner B
Partner C
                  Goodwilla/c
and to find these amount u should take the new ratio....u take the same amount but the new ratio which maybe 2:2:1 and then u calculate it...

I am sure i am nt a good explainer but i tried my best..And good luck ;)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: angell on May 25, 2009, 01:57:37 pm
good explanation noor, +rep..!
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: al noor on May 25, 2009, 02:00:16 pm
good explanation noor, +rep..!

Thnkzz...
But i dont think i explained very well right??
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: angell on May 25, 2009, 02:05:29 pm
it was good enough - dont worry! :)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: al noor on May 25, 2009, 02:13:11 pm
it was good enough - dont worry! :)

Thnkzz :D
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Bessy on May 25, 2009, 03:56:49 pm
i have a question about……umm  mayb in 08 octo
it ask u 2 explain what social(external)cost is
i was quite confused about this question
so i write the definition of social cost and external cost
and the next question is to list 2 examples of social(external)cost
then i have no idea then i l wrote1.the cost on labour 2. the damage  on environment
but the answer is u only can write about external cost
so  i want 2 ask how can u know what exactly the question ask?
thankzzz  ??? ??? ???
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: sanzdabest on May 25, 2009, 04:50:00 pm
social costs are made up of private costs and external costs,

social benefits are made up of private benefits and external benefits

private costs are those costs incurred by a firm in production of goods or selling services, which would be things like raw material costs, labour costs, overheads etc.

external costs are the costs to society that arise as the result of a business decision. for example, if a firm decides to dump waste materials in the river to reduce costs of disposing it in a safe manner, the cost to society in this case is the amount of money that they have to pay to clean up the river. they do not always have to be costs in monetary terms, external cost could also be pollution.

private benefits are the benefits that the firm achieves from production, for example profits.

external benefits are those benefits to the society that occur as the result of a business decision, for example the decision made by the owners of a business to set up in a place of high unemployment and recruit local people, in this case the external benefit is the jobs that people are now gettingas  aresult of the factory setting up.

there u go..hope that helps :)
there's an attached document here..which  mite help u guyz too..so check it out.. :)

If u need anymore help u shud visit this website..its got notes for Economics, Business and accounting..
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Monica on May 25, 2009, 04:55:39 pm
Thank You!! That was really nice of u!! :)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: sanzdabest on May 25, 2009, 04:58:31 pm
ur welcome..oops i forgot to mention the website lolzz!! its.. www.dineshbakshi.com i no it sounds quite weird..but its got awesome notes..
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: sanzdabest on May 25, 2009, 05:01:57 pm
guyz does any1 have any gud notes on Incomplete records..u no the income and expenditure a/cs subscriptions an all that..i've luked thru my notes and books..but i don't understnd anythin..can any1 plz refer to any good website for this particular chapter in Accounting??I'll b reli grateful if any1 cud also help me out in accrued and prepaid expenses accounts?
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: lil^$tar on May 25, 2009, 08:02:14 pm
how can i answer econs 3 questions
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Bessy on May 26, 2009, 01:45:52 am
social costs are made up of private costs and external costs,

social benefits are made up of private benefits and external benefits

private costs are those costs incurred by a firm in production of goods or selling services, which would be things like raw material costs, labour costs, overheads etc.

external costs are the costs to society that arise as the result of a business decision. for example, if a firm decides to dump waste materials in the river to reduce costs of disposing it in a safe manner, the cost to society in this case is the amount of money that they have to pay to clean up the river. they do not always have to be costs in monetary terms, external cost could also be pollution.

private benefits are the benefits that the firm achieves from production, for example profits.

external benefits are those benefits to the society that occur as the result of a business decision, for example the decision made by the owners of a business to set up in a place of high unemployment and recruit local people, in this case the external benefit is the jobs that people are now gettingas  aresult of the factory setting up.

there u go..hope that helps :)
there's an attached document here..which  mite help u guyz too..so check it out.. :)

If u need anymore help u shud visit this website..its got notes for Economics, Business and accounting..
thank u very much!!!!
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: sanzdabest on May 27, 2009, 03:39:05 pm
anytime :)
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: Bessy on May 28, 2009, 08:35:23 am
 i still get confused after doing the business stu in 2004NOV paper2
 can anybody help me by looking at question3(a)
 from the description in the mark scheme  it says social cost is the same as the external cost
 i know the difference between social cost and the external cost according to the book
 but every time this part of question be asked in the exam 
 the answer is the social cost is external cost while book says social=external cost+private cost
 as well as the benefit
 thanx
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: saleemsamer on October 19, 2009, 08:33:58 pm
thanx for the notes firstly. i just wanted to ask if u have notes on journal entries and correction of errors chapter i havent seen it in there and im a little confused with that chapter ???
Title: Re: Business Studies/accounting and economics Notes HERE!
Post by: lastgift on October 24, 2009, 11:10:38 am
guyz does any1 have any gud notes on Incomplete records..u no the income and expenditure a/cs subscriptions an all that..i've luked thru my notes and books..but i don't understnd anythin..can any1 plz refer to any good website for this particular chapter in Accounting??I'll b reli grateful if any1 cud also help me out in accrued and prepaid expenses accounts?

hey...the only site that i came across was this : http://www.dineshbakshi.com/Final-Accounts/Revision-Notes/incomplete-records.html
it covers the entire IGCSE accounting syllabus as well...so u may explore trght it to clear the doubts.... :)