IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: $!$RatJumper$!$ on November 02, 2009, 03:38:42 pm
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is it possible that Manufacturing, income n expendature and partnership accounts are likely to come for a paper 2 in accounts???
Thankx guys
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Yes, very much possible. I suggest u learn every aspect of the syllabus as each topic has an even probability of coming in the exam.
Manufacturing, income n expenditure accounts do come quite frequently but partnerships have a slightl less likelihood of appearing in an exam.
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Yes, very much possible. I suggest u learn every aspect of the syllabus as each topic has an even probability of coming in the exam.
Manufacturing, income n expenditure accounts do come quite frequently but partnerships have a slightl less likelihood of appearing in an exam.
i see.. but i thought that these types will only come in a paper 3... well thats what a friend told me.. anyways.. thankx... ill be sure to study them now :) cheers
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oh and also... could you guys please sum up what is put into a current account and a capital acccount. Just like the things on the debit side and credit side.
Also, what is the diff between a current and capital?
thankx
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i have already answered the question in the other thread (all oct/nov 09 discussions here) and as for the current and capital a/c..
for current accnt on debit side u have-(anything which reduces the value of the capital)
drawings and interest on drawings on
credit side (which increases the value of the capital)-
interest on capital
salary
profit share (from p/l appropriation a/c)
interest on loan
i wll post a link to make it more clear if i can :D...
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thankx bro.. that cleared it up :)
By the way which other thread is this that ur talkin abt?
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edited the previous post!!
and not "bro"....i shld put a more feminine username i guess!! ;)
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oh sorry for that...my apologies :)
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no worries at all!! 8)
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By the way just to give u a clearer idea of the syllabus and the division of it see the checklist....
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wow thankx a lot for all ur help :) much appreciated :)
cheers
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anytime :D!!!
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hey.. in paper 2 may june 2007 q3a), what do u do fr the rent is payable quarterly in advance? please help uurgently!!
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hey..hope m not late..
for rent payable u know that the rent is being payed four time in a year (quaterly) therefore the $ 900 amount is for three months and the ledger account is made only for a month so u divide $900/3 which gives u $ 300 for the current month and the rest $ 600 is carried foward to the next month!!
clear?? ???
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hey..hope m not late..
for rent payable u know that the rent is being payed four time in a year (quaterly) therefore the $ 900 amount is for three months and the ledger account is made only for a month so u divide $900/3 which gives u $ 300 for the current month and the rest $ 600 is carried foward to the next month!!
clear?? ???
thankx a tun!! ur a real life saviour :P lol.. hav u done ur exam By the way?
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ur welcum :)
yeah!!just gave it!!really cool paper!! ;D!!!
when is urs??
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serious.. yeah i hav mine in an hour and a half..
so is it like the past papers.. or easier?
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mmmm...i found it considerably very easy compared to m/j 09!!
thresholds are going to soar!!
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ah thats shweet.. easier than m/j 09?!!? wow.. that paper was real easy.. this is goin to be paradise then ;) haha
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hey! i need help again.. sorry
in m/j 09... i dont understand q2 d) and e)
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in acc.. if u reduce drawings... does the wroking capital stay the same, increase or decrease
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Working Capital is the difference between Current Assets and Current Liabilities...
Usually, no, since drawings affects the Owner's Fund...
But yes, if drawings has not been deducted from the Cash/Bank balance or the Closing Inventory, then yes, Working capital will reduce.
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If you reduve drawings then ur working capital is likely to 'increase'!! :)
so how was the paper?? ::)
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was good :) except i messed up this drawings thing :P lol..
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hey to get an A* in accounts... do u HAVE to get an A for all papers u do? or can u like get a B for one and a high A for the other and still get an A*
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If you reduve drawings then ur working capital is likely to 'increase'!! :)
so how was the paper?? ::)
Why? How?
Cash Drawings will not affect, depending upon the structure in which the question has been set.
Drawings of goods will be deducted from Purchases, still depending upon the question, which is normally the case.
Can you be more explicit?
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Why? How?
Cash Drawings will not affect, depending upon the structure in which the question has been set.
Drawings of goods will be deducted from Purchases, still depending upon the question, which is normally the case.
Can you be more explicit?
what did u answer Alpha?? I said "no effect" in the exam :P lol
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Hehe...
My mind is BLANK....LOL :P
Which question, if you remember still? ;)
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haha umm... it was the one where it said tick if its an increase, decrease or no effect on working capital if drawings are decreased...
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No Effect :)
Thanks for refreshing...lol ;D
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Drawings are generally in form of cash or purchases (stock)...therfore it they are reduced and with a increase in current assets its likely that W.C would improve...
If anyone of u have the book by Catherine Coucom (ISBN 978-0-521-72001-4) then its clearly said so in on pg.375!!
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By the way hows everyone preparing for paper 3??
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yeah ok u got a point there :)
and fr p3... past papers are the best option :) lol u?
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yeah!!m feeling so lazy to reread the entire book so relying on pastpprs seems as a safe opt!!!! ;)!!
dint even come across helpful site dor accnts so we dont have much option!! :-\
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yeah tru tru... oh well.. the exam will be easy.. considering that the p2 was easy.. wat do u think?
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yeah hoping so!!but seeing the previous trend of o/n 08..ppr 2 was easy but many messed up in ppr3 !!
luck and hope are vital!! ;)
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baha yeah yeah thats tru :P well we just gta do our best :)
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and come out with flying colour!! :)
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hey..for the quick (acid test) ratio we subtract stock and prepayments from the current assets?? ???
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formula for quick ratio iz simple..
current assets-stock/current liab :)
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yeah...i know..was a lil confused if we deduct prepayments too!!
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nah...prepayments are included in de current assets!..
all set for paper 3??hope its easy.. :P
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thanks for clearing the confusion!! :)
i have BS + accounts tom..so VERY tensed!! :(!!
but hopefully paper 3 wld be easy just like paper 2!!! :-\
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welcom!...me too havin french +acc..
all de best then! :)
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ohh!!
Bonne chance!! :)
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hahahaa :) same here.. also got french and acc :P good luck every one ;) or should i also say.. BONNE CHANCE like lastgift ;)
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I guess my situation is the worst; i have Bs+a/c's+french :'(
God bless me!
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I guess my situation is the worst; i have Bs+a/c's+french :'(
God bless me!
dont worry.. i know u got this k :) just dnt wry too much abt french cuz there isnt really much u can study for.. concentrate on acc an bus.. best of luck
cheers!