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Please help: Confusions about Adjustments in past papers Please help: Confusions about Adjustments in past papers

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Old Saturday, January 29, 2011
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Default Remaining Adjustments
7 interest receiceable Dr 1375
To interst income Cr 1375


8 md commission Dr 3250
Company contribution Dr 750
Md commission payable Cr 3250
Comp contribution Cr 750


9-apprentice expense Dr 1000
Apprentice fee Cr 1000


10-machinery Dr 1000
Stock Cr 1000


11-insurance premium Dr 2400
Machinery Cr 2400


To be continued...............

regards
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  #12  
Old Saturday, January 29, 2011
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Default treatment of items if given in Trial balance
1.interim dividend will be treated in balance sheet on liability and equity side

2.provident fund liability hoti ha,

3-it will be added in capital in balance sheet

4-interst on investment profit and loss account ki credit side pr jy ga\

5-it will be added in liability side of balance sheet

6-ye retain earning se minus ho ga,in balance sheet

7-question is not cleared jnb,agr pora question samny ho to bnda sahi tarh bta skta,

8-it is receivable so it is asset,wasy MD ko loan ni dena chaye


i think agr pora question samny ho to phr zyada asan hota,anyway i tried my best to address your queries

corrections are welcome


regards
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  #13  
Old Saturday, January 29, 2011
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Originally Posted by Shahid Shakoor View Post
1.interim dividend will be treated in balance sheet on liability and equity side

2.provident fund liability hoti ha,

3-it will be added in capital in balance sheet

4-interst on investment profit and loss account ki credit side pr jy ga\

5-it will be added in liability side of balance sheet

6-ye retain earning se minus ho ga,in balance sheet

7-question is not cleared jnb,agr pora question samny ho to bnda sahi tarh bta skta,

8-it is receivable so it is asset,wasy MD ko loan ni dena chaye


i think agr pora question samny ho to phr zyada asan hota,anyway i tried my best to address your queries

corrections are welcome


regards
I will solve the questions, and if i can't do it then i will post question again! thanx alot
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  #14  
Old Saturday, January 29, 2011
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Default sister Xaaara
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Originally Posted by xaara~hussain View Post
I will solve the questions, and if i can't do it then i will post question again! thanx alot
welcome janb,you should post here,i will try....

have you solve past papers MCQs???,if yes,,,then please post that solved mcqz here,,,,,me also now a days focusing on accounting......

from where you are preparing business and auditing section????...i m preparing it from M saeed nasir's book,,,,

IF YOU HAVE SOME MATERIAL ON BUSINESS SECTION AND AUDITING IN SOFT COPY THEN PLEASE SEND ME ON MY EMAIL


REGARDS
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  #15  
Old Saturday, January 29, 2011
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welcome janb,you should post here,i will try....

have you solve past papers MCQs???,if yes,,,then please post that solved mcqz here,,,,,me also now a days focusing on accounting......

from where you are preparing business and auditing section????...i m preparing it from M saeed nasir's book,,,,

IF YOU HAVE SOME MATERIAL ON BUSINESS SECTION AND AUDITING IN SOFT COPY THEN PLEASE SEND ME ON MY EMAIL


REGARDS
I didnt even touch MCQs! but thank u for reminding, I would try out 2010,2009 & 2008's MCQs in a day or two and post here.

About Business portion, I am using no book. I am relying on internet as it i not that difficult for me. I will post whole notes in a new post

Auditing is alien to me
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