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

Qualification => GCE AS & A2 Level => Queries => Topic started by: pastyear on May 04, 2010, 03:20:30 pm

Title: Accounting AS level problem
Post by: pastyear on May 04, 2010, 03:20:30 pm

Can anyone pls explain how to get the answer of Oct/Nov 2009 varient 2 paper 2 Question 1 (b) and (c).
Pls show it in account format or other way which is easy to understand.

Thanks

Title: Re: Accounting AS level problem
Post by: ***exam*** on May 05, 2010, 12:39:05 am

sorry no idea trying 2 solve   will let u know when will get the answer  :-\

i seriously hope some one answers this 1 soon   :(

Title: Re: Accounting AS level problem
Post by: pastyear on May 06, 2010, 03:26:12 am

anyone pls help me!!!

Title: Re: Accounting AS level problem
Post by: Monica on May 06, 2010, 03:27:29 am

I will try solving it today and posting about it later.

Title: Re: Accounting AS level problem
Post by: immortal on May 06, 2010, 09:42:48 am

b.>
Credit sales=Cl debtors+credit sales(amount paid to bank)-Op debtors
                =400+(2950-50)-600
                =$2690000
Cash sales  =Cl cash bal+cash sales,expended-op cash bal
                =5+(152+70)-610
                =$221000
Total sales  =2690000+221000
                 =$2911000
[for this question im not sure if v have 2 show this in a format, but this is wat i did.Is it correct)


C.>
      Details                                 $'000                                $'000

Bal b/d                                                                               (210)
Banked                                       2950
Purchases                                   (1750)
Interest on overdraft                     (30)
expenses                                     (810)                       360
Bal c/d(bank bal)                                                                  150

 

Title: Re: Accounting AS level problem
Post by: immortal on May 06, 2010, 03:57:15 pm

Oct/Nov 2009 Varient 2, Question 2(a)(iii) and (iv)

(iii) dey r basic prov for dep a/c, only da depreciation has 2 b found.For which straight line method is used.
 
 F&E a/c(find dep charge using 2008 values)
             2970*X%=297
             X=10%
  M.V a/c
             1800*X%=450
             X=25%
To find da amount 2 b transferred 2 da P&L a/c,use da closing bal of asset account.
Likewise find da dep charged on disposed assets & create da A/c.

Title: Re: Accounting AS level problem
Post by: pastyear on May 07, 2010, 10:29:25 am

Thanks ;D ;D ;D ;D ;D

Title: Re: Accounting AS level problem
Post by: ***exam*** on May 07, 2010, 12:32:43 pm

Thanks a lot

Title: Re: Accounting AS level problem
Post by: aaakhtar19 on October 30, 2011, 10:38:44 am

Iss there any forum discussing Past paper problems for P4 accoutning CIE A level

Reply soon thankyou,

Title: Re: Accounting AS level problem
Post by: Dasith on October 30, 2011, 04:52:52 pm

Quote from: aaakhtar19 on October 30, 2011, 10:38:44 am

Iss there any forum discussing Past paper problems for P4 accoutning CIE A level

Reply soon thankyou,

Yea sure ,just post your question on https://studentforums.biz/commerce/ (https://studentforums.biz/commerce/) section please