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  #31  
Old Saturday, January 21, 2012
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I got 144 (81+63), though I am not a full time commerce or accountancy student. The only think I have is the clarity of basic concepts.
Just read auditing during the break between both the papers.
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  #32  
Old Saturday, January 21, 2012
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Default @ mir usama

In question 2 of paper one, we first have to make adjusting entries, then we have to make closing entries.
Actually part b is to be worked on first for part a.
After that the effect of after closing trial balance is to be showed in income statement, profit/loss effect will be closed in statement of changes in equity or in other words statement of retained earingings, finally the amount of retained earnings will be depicted in balance sheet.

I don't know how to send mathematical solutions online, otherwise I would have surely solved it for you.

Hope you got the line of action from above discription.
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  #33  
Old Monday, January 23, 2012
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@khan sb

Sir what is the amount of net income or loss?? and Balance Sheet??
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  #34  
Old Wednesday, January 25, 2012
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Default @ Bilawal

Just solved it in exam; got 81 in paper 1 so hopefully I attempted it correctly. will try to solve again and post the net incom/loss and the figures of total assets, liabilities and equity. Hopefully, by Friday, you know last month, tough schedule. But I must say the paper was a sudden shock due to change of pattern, plus i could only solve 13 objectives in the alloted time.
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  #35  
Old Monday, February 13, 2012
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you make the income statement after adjustments. however trial balance is made twice once before adjustments and other after adjustments.
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  #36  
Old Saturday, September 27, 2014
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According to me, answer of question 6 in paper one is as follows
a) Capital Ahmad(Dr.) 34926
Capital Ali (Dr.) 44074
Cash (Cr.) 79000

b) Cash (Dr.) 13000
Capital Jawwad (Cr.) 13000

Capital Ahmed (Dr.) 40674
Capital Ali (Dr.) 51326
Cash (Cr.) 92000

please feel free to correct me in case i am wrong
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  #37  
Old Sunday, December 27, 2015
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Default Request for solution of Question 2, Paper 2, accountancy 2011

It is a humble request to candidates of accounting to please solve Question 2, Paper 2, accountancy 2011 and post it. thanks
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