|
Share Thread: Facebook Twitter Google+ |
|
LinkBack | Thread Tools | Search this Thread |
#31
|
|||
|
|||
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. |
#32
|
|||
|
|||
@ 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. |
The Following User Says Thank You to KhanSb For This Useful Post: | ||
Bilawal2001 (Monday, January 23, 2012) |
#33
|
|||
|
|||
@khan sb
Sir what is the amount of net income or loss?? and Balance Sheet?? |
#34
|
|||
|
|||
@ 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.
|
#35
|
|||
|
|||
you make the income statement after adjustments. however trial balance is made twice once before adjustments and other after adjustments.
|
#36
|
|||
|
|||
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 |
#37
|
|||
|
|||
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
|
Thread Tools | Search this Thread |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
How things work? | dr.janxeb | General Science Notes | 24 | Wednesday, September 09, 2009 11:07 PM |
The Types Of Accounting | pakfame | Accounting & Auditing | 0 | Saturday, February 23, 2008 03:41 PM |