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

Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: moon on October 14, 2010, 09:29:41 pm

Title: Help accounting MCQ
Post by: moon on October 14, 2010, 09:29:41 pm

can u plz help me in questions no. 6,11, 16,22,23,24,30,32,33,39 Nov.06 ppr1
Thanx in advance.

Title: Re: Help accounting MCQ
Post by: SauD~ on January 17, 2011, 08:44:31 am

6. B  how---> Old capital + capital introduced = New capital -- then --> Capital - Drawings = New Capital
                    23,000 + 2500 = 25500  ---------------------------------> 25500 - 1500 = 24000

Title: Re: Help accounting MCQ
Post by: SauD~ on January 17, 2011, 09:25:37 am

11. B,  as trade discounts are shown on invoice and cash discounts in P&L

16. C   as Opening balance is added to purchases and closing balance is subtracted ;)

22. B

23. B   Same as the 16 number :)

24. D   Prepaid for 2006