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

Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: IGCSE hater! on June 05, 2010, 01:49:51 pm

Title: as accounting p1 discussion
Post by: IGCSE hater! 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
Title: Re: as accounting p1 discussion
Post by: pastyear 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?
Title: Re: as accounting p1 discussion
Post by: IGCSE hater! 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?
Title: Re: as accounting p1 discussion
Post by: pastyear 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?
Title: Re: as accounting p1 discussion
Post by: Crooked 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
Title: Re: as accounting p1 discussion
Post by: 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
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 02:26:49 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 !  ;)
Title: Re: as accounting p1 discussion
Post by: 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?
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 02:37:11 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
Title: Re: as accounting p1 discussion
Post by: 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?
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 02:56:12 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?
Title: Re: as accounting p1 discussion
Post by: 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?
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 03:11:42 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.
Title: Re: as accounting p1 discussion
Post by: 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
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 03:19:49 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?
Title: Re: as accounting p1 discussion
Post by: pastyear on June 05, 2010, 03:21:27 pm
ya
Then will she told you what will exactly coming out
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 03:32:18 pm
ya
Then will she told you what will exactly coming out

no, dude..it's gonna be the predictions..just the way 'the winner' does.
Title: Re: as accounting p1 discussion
Post by: pastyear on June 05, 2010, 03:33:31 pm
ok
if you have any p4 questions doubts we can discuss.
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 03:45:32 pm
ok
if you have any p4 questions doubts we can discuss.

i've just started revision..i shall ask yuh if i go awestruck whilst solving a paper..lol
thank yuh !  :)
Title: Re: as accounting p1 discussion
Post by: immortal on June 05, 2010, 04:28:45 pm
der waz a q asking how da product unit price is found..
da options r~
a)batch costing
b)job costing
c)marginal costing
d)don't remember
wat did u guyz select?

Title: Re: as accounting p1 discussion
Post by: pastyear on June 05, 2010, 04:31:12 pm
batch costing
Title: Re: as accounting p1 discussion
Post by: 890er on June 05, 2010, 05:59:28 pm
Yaar there was a question,Like there were dresses ,95days ,supervisors.What did u choose in it?? I circled D..
Title: Re: as accounting p1 discussion
Post by: Crooked on June 05, 2010, 06:11:34 pm
Yaar there was a question,Like there were dresses ,95days ,supervisors.What did u choose in it?? I circled D..

they had to produce 95 dresses..so..each worker produced 1 dress a day..therefore..the cost of labour would be cost of hiring each worker x 95 + 10* supervisor's cost..this is cause each supervisor could handle 10 workers..hope yuh understood. i don't rmr the answer tho.
Title: Re: as accounting p1 discussion
Post by: 890er on June 05, 2010, 06:20:18 pm
Yeah i also did like that.There were 95 workers and 10 supervisors.supervisors were paid $20(i guess) and workers $10.
Title: Re: as accounting p1 discussion
Post by: 890er on June 05, 2010, 06:23:43 pm
There was also a question in which net recievables figure was to be shown.I circled 53000.Wat were ur answers??And also what was the answer to That manufacturing question?
Title: Re: as accounting p1 discussion
Post by: immortal on June 05, 2010, 06:38:17 pm
batch costing
r u sure...cn it b marginal costing,Plz say yes