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

Qualification => Subject Doubts => GCE O - Level => Commerce => Topic started by: pastyear on May 23, 2010, 01:28:11 pm

Title: Discussions on accounting P2
Post by: pastyear on May 23, 2010, 01:28:11 pm
Hi everyone who take accounting P2. Good luck 4 your examination.
We will discuss d questions on here after 2morow 24hrs (25/5/10).
Title: Re: Discussions on accounting P2
Post by: pastyear on May 25, 2010, 09:18:48 am
i took paper 23.
How was the paper for this varient.
Question 3 i think is the most difficult.
Title: Re: Discussions on accounting P2
Post by: IGCSE hater! on May 25, 2010, 11:40:50 am
i did bad in question 2 nd 3
i think i will get somewhere around 38? thats reallyyyyy bad rite?
Title: Re: Discussions on accounting P2
Post by: immortal on May 25, 2010, 11:43:42 am
I got 28 4 my mocks, so i bet i might hve done better 4 da exam...
Title: Re: Discussions on accounting P2
Post by: IGCSE hater! on May 25, 2010, 11:49:57 am
but if i do well in p1 can i still get atleast a B?
Title: Re: Discussions on accounting P2
Post by: shebby on May 25, 2010, 01:35:19 pm
YOYOYOO!
accounts!! mine question one balanced YAY. like many people's answers didnt :0
qquestion two- the depr were 10% and 25% you had to calculate the depreciation from the question given.
question 3. what the hell? how did yu guys get the contribution! haha. i dont know how the grades will be put.
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 02:43:48 pm
i didnt  paper 22

it was damn diff
q2 specially !!! didnt know how 2 solve !

i got 83 in my mocks  so definitely i get worse in exam
Title: Re: Discussions on accounting P2
Post by: immortal on May 25, 2010, 02:51:06 pm
i didnt  paper 22

it was damn diff
q2 specially !!! didnt know how 2 solve !

i got 83 in my mocks  so definitely i get worse in exam
Its Ok
Its seems ppl found Q2 r Q3 tough, so da threshold is likely 2 b low..
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 02:52:47 pm
but i know ppl who got perfect answer  :-\ :-\
hope it is low !!!
Title: Re: Discussions on accounting P2
Post by: IGCSE hater! on May 25, 2010, 03:06:29 pm
i hope its low too.
my question 2 n 3 were horrible
hey i wrote some small weird numbers beside my answer in the balance sheet..it was only to check if i subtracted this form this then will it balance or not? but i 4got to cross it out
so u think the cambridge ppl will cross my answer cuz of that?
Title: Re: Discussions on accounting P2
Post by: immortal on May 25, 2010, 03:13:59 pm
da best thing in real life accounting, is dat v can force balance, if accounts dont tally ::)
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 03:38:47 pm
oh i dont know about that   did u write it with pen ???

@immortal :lol right
Title: Re: Discussions on accounting P2
Post by: IGCSE hater! on May 25, 2010, 03:42:19 pm
some wid pencil some wid pen.
they were light and small...
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 03:54:22 pm
dont worry till the time u have clearly given ur answers they wont be bothered about anything else
they r not heart less !!!  :D
Title: Re: Discussions on accounting P2
Post by: IGCSE hater! on May 25, 2010, 03:55:36 pm
loool thanks.
u made my day mate
Title: Re: Discussions on accounting P2
Post by: Prince007 on May 25, 2010, 03:58:34 pm
Question was very easy!!!! Question one if u r getting the deprication as 10 % and 25% they r right.
Question 3 : Contribution: Sales-Total VC
                  BEP: Sales/ CS ratio
                  100000 profit on e: Fixed cost + profit / CS ratio
                  Sales was given so the normal marginal method
                  5% decrease from sales then same FC + profit / cs ratio (on new sales)
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 04:06:29 pm
Quote
Insert Quote
loool thanks.
u made my day mate


:D any time !

Quote
Question was very easy!!!! Question one if u r getting the deprication as 10 % and 25% they r right.
Question 3 : Contribution: Sales-Total VC
                  BEP: Sales/ CS ratio
                  100000 profit on e: Fixed cost + profit / CS ratio
                  Sales was given so the normal marginal method
                  5% decrease from sales then same FC + profit / cs ratio (on new sales)

oh u made the paper sound so easy !!!!  lol i wish i knew this b4 exam lol :P
now m damn sure my ques 3 has gone bad  ! i always thought it went good :(
n ques 2 u got depreciation how !!!!!!!  :o :o :o
Title: Re: Discussions on accounting P2
Post by: Prince007 on May 25, 2010, 04:12:29 pm
I question 2 u have to find it by the normal depri method !!! i luckly got it!!!! But messed up in b part
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 04:15:24 pm
A part was p&l right
n B part was depreciation

but they never gave the depreciation 4 current yr          nor the assets separately

nothing was clear evrything messed up so i didnt know how to find out   n no NBV of the assets sold !!!
Title: Re: Discussions on accounting P2
Post by: Dzeser on May 25, 2010, 06:24:17 pm
can u guys post ur balcing figures and net profit 4 question 1 my net profit was 318 and figures 1656
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 25, 2010, 10:06:46 pm
my np waz in 400z n balance sheet didnt tally
Title: Re: Discussions on accounting P2
Post by: Prince007 on May 26, 2010, 06:39:07 am
Hey my balance also did not tally i got my mistaks
1 i only took the closing raw materials i had to take all the 3 raw materials finshed goods and work in progrees

2 i included bank interest and bank chargers in manufacturing account which should be included in p & l
 
Title: Re: Discussions on accounting P2
Post by: Khey [Rainbow] on May 26, 2010, 07:19:08 am
The paper was okay xcept Q2!!
seems like evry1messed up in that question. its good that way so threshold will be low
Title: Re: Discussions on accounting P2
Post by: pastyear on May 26, 2010, 12:13:30 pm
no ppl take paper 23? ??? ???
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 26, 2010, 12:35:04 pm
Quote
Hey my balance also did not tally i got my mistaks
1 i only took the closing raw materials i had to take all the 3 raw materials finshed goods and work in progrees

2 i included bank interest and bank chargers in manufacturing account which should be included in p & l
 

OMG !! u had 2 take all three even i took only 1
then i took the rent prepaid as rent receivable :'(
Title: Re: Discussions on accounting P2
Post by: SAKS10111 on May 26, 2010, 06:12:54 pm
can u guys post ur balcing figures and net profit 4 question 1 my net profit was 318 and figures 1656

yeah i got those too, i think thats right because mine balanced fine
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 26, 2010, 09:09:21 pm
Quote
yeah i got those too, i think thats right because mine balanced fine
which variant did u take ??
Title: Re: Discussions on accounting P2
Post by: immortal on May 27, 2010, 12:22:16 pm
which variant did u take ??

variant 2
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 27, 2010, 12:30:23 pm
@ immortal :  oh ya same  so did u find it diff 2 ?? i think variant was the toughest thats what i heard
Title: Re: Discussions on accounting P2
Post by: immortal on May 27, 2010, 01:20:17 pm
It waz tough,da guy beside me didn't even do Q3 left it totally blank,poor fellow..but still v shud hve been able 2 solve it..
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 27, 2010, 01:27:37 pm
oh ya it was diff i know i didnt know anything about taking out the no of units 4 given profit  :-[ :-[
n Q2 was something i never understood

by the way how was ur AICT ??
Title: Re: Discussions on accounting P2
Post by: immortal on May 27, 2010, 01:46:26 pm
Q2 waz supposed 2 b gud, as der waz a similar question in da pastpapers.
Aict waz ok, i think i might da required 60% 4 da A :) & as 4 da practicals i did pretty gud :)
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 27, 2010, 01:51:59 pm
oh thats good urs was good !!! i know past paper had that but even in pst pap that was my doubt :(
Title: Re: Discussions on accounting P2
Post by: the winner on May 27, 2010, 06:21:07 pm
my prediction came here also
Title: Re: Discussions on accounting P2
Post by: ***exam*** on May 27, 2010, 08:39:22 pm
yeah they did :D