Acccounting answer

[ujjal]

Can any body provide me answer of accounting p22 oct 2010
1.purchase
   Net profit
   Bank
   Balance sheet total

2. Subscription
    Net profit
    Income and expenditure balance

3. Bep
    Margin of safety
    Total contribution
    Profit

[cs]

I did that paper too, its 24 hr now so we can discuss, how do you do the last marginal costing?

[ujjal]

Ya marginal costing was little biteasy.

Break even was 720000
profit was 80000
margin of safety %was 40%
for 2nd product there was -contribution


Its my ans, i am not sure abt my ans
what abt u all

Lets compare

what is your ans of 1,2,3

[Dean]

Ya marginal costing was little biteasy.

Break even was 720000
profit was 80000
margin of safety %was 40%
for 2nd product there was -contribution


Its my ans, i am not sure abt my ans
what abt u all

Lets compare

what is your ans of 1,2,3

The break even you gave is in terms of sales value and the answer in terms of units was 120000 i think.

For the rest of the answer i've got the same.

For the second question i didn't know what to do with the life subscription. There was a bad debt by a member which i think should be included in the subscription A/c.

The first number i think i did ok but i'm not remembering of my answers. One thing that i'm sure of is that i did not balance it  

[cs]

What are we suppose to do to find the maximum profit?

[ujjal]

Maximum profit means total profit that we could generat by producing all 3 product

 For number 1. Bank was unknown so it is very had to find out iit is write or wrong
my purchase was 138438
 net profit was 4707
 bank was 51932
 balance sheet total was 117917

[cs]

Oh crap, means i am wrong, i used the maximum labour to find the quantity to produce and only manage to produce 2 of them, not the negative contribution one..

one of my balance sheet total is same as yours, ( i didn't manage to balance)

[ujjal]

What was bank for question number 1 and sales purchase. Also balance sheet totl


Hay and what abt question number 2.
What was profit of trading of cafe and income and expenditure.

My it was 8050 and 850..... I think

[Qudsiyah]

What was bank for question number 1 and sales purchase. Also balance sheet totl


Hay and what abt question number 2.
What was profit of trading of cafe and income and expenditure.

My it was 8050 and 850..... I think

OMG!! i got a deficit for my income and expenditure!! of 70-- something! ... arghh ...
and i hatedd question 1!! ...

[Qudsiyah]

Ya marginal costing was little biteasy.

Break even was 720000
profit was 80000
margin of safety %was 40%
for 2nd product there was -contribution


Its my ans, i am not sure abt my ans
what abt u all

Lets compare

what is your ans of 1,2,3

my answers were the same as urs .. but BEP was 120000 units!
and you know where they asked, should he continue producing all three products?? what did u write?? i said not the second one because of the negative contribution!

[ujjal]

What was your 2nd number ans

 In negative contribution we should nt produce

and any body other lets compare Ans

[Dean]

What was your 2nd number ans

 In negative contribution we should nt produce

and any body other lets compare Ans

For the number three just have a look at June 2009 Paper 2 Variant Number 2...the third question is similar to the one we've got.

[Dean]

Oh crap, means i am wrong, i used the maximum labour to find the quantity to produce and only manage to produce 2 of them, not the negative contribution one..

one of my balance sheet total is same as yours, ( i didn't manage to balance)

As i said above just have a look at June 2009 paper 2 variant number 2 and you will have an idea of how the question number 3 should have been done.

[ujjal]

Any body provide me 2nd number questions answer

[ujjal]

What abt mcq

what is mcq 1.no ans

i go for C -250 more