Cash Book is a special Journal
in which all cash and bank transactions
of a business are recorded first
in a chronological order.
It serves the purpose of the Ledger also, so far as the Cash and Bank Accounts are concerned.
clubs & societies : final accounts of non - profit organisationsSanjaya Jayasundara
Final accounts of clubs and societies, Receipts and payments account , subscription , income and expenditure account , life subscription calculation, accumulated fund , accrual concept, differences between receipts & payments account and income and expenditure account. Cambridge O Level (7110 ; 7707) past papers and model papers,
Cash Book is a special Journal
in which all cash and bank transactions
of a business are recorded first
in a chronological order.
It serves the purpose of the Ledger also, so far as the Cash and Bank Accounts are concerned.
clubs & societies : final accounts of non - profit organisationsSanjaya Jayasundara
Final accounts of clubs and societies, Receipts and payments account , subscription , income and expenditure account , life subscription calculation, accumulated fund , accrual concept, differences between receipts & payments account and income and expenditure account. Cambridge O Level (7110 ; 7707) past papers and model papers,
unit-2 financial statement of sole propritors.pdfLAKSHMI V
Financial statements of
Manufacturing Concerns -Statement of Manufacture, Statement of Trading and
Profit & Loss -Balance Sheet. Financial statement of Non-manufacturing
Concerns, Statement of Profit and Loss and Balance sheet.
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970643 paper 4 problem solving (supplementary topics) october november 2012
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Accounting 970641 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970641 paper 4 problem solving (supplementary topics) october november 2012
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Accounting 970642 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970642 paper 4 problem solving (supplementary topics) october november 2012
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970643 paper 4 problem solving (supplementary topics) october november 2011
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Acct 221.Fa.14
Question 1: 20 points
a. General Journal Entries:
Date
Account
Debit
Credit
Answer Sheet Page 1 of 10 .Fa.14
Final Exam
Answer Sheet Page 2 of 10 .Fa.14
Final Exam
b. Income Statement:
Retained Earnings Statement:
.14
Final Exam
Question 2. 10 points
a1 & a2: General Journal Entries:
(Cost Method):
Date
Account
Debit
Credit
a3. Stock Investments Accounts Balance
b1 & b2: : General Journal Entries: (Equity Method):
Date
Account
Debit
Credit
b3. Stock Investments Accounts Balance
Final Exam
Question 3. 15 points:
Fa.14
Final Exam
Question 4. 10 points
Question 5. 7 points:
Flip Inc.
Cash Disbursements Budget
For the Month of May
Question 6. 6 points:
Flip Enterprises
Incremental Analysis
Special Order
a.14
Final Exam
Question 7. 6 points:
Flip Inc.
Incremental Analysis
To Make
Incremental Analysis
Incremental Effect
Question 8. 6 points:
Flip Company
Incremental Analysis
Retain or Replace
Incremental Analysis
Incremental Effect
.Fa.14
Final Exam
Multiple choice questions allocated 1 point each: Make your selection by indicating the letter corresponding to your answer.
Question Number
Answer
Question Number
Answer
9:
19:
10:
20:
11:
21:
12:
22:
13:
23:
14:
24:
15:
25:
16:
26:
17:
27:
18:
28:
On January 1, 2014, Flip Corporation had 560,000 shares of $1 par value common stock issued and outstanding. There was a $3,000,000 balance in the Retained Earnings account at the beginning of the year. During the first quarter of the year, the following transactions occurred:
Jan. 8
Issued 40,000 shares of its own common stock for $400,000.
Jan. 18
Declared a cash dividend of $1 per share to stockholders of record on Jan. 10.
Jan. 31
Paid the $1 cash dividend declared on Jan. 18.
Feb. 2
Purchased 3,000 shares of its own common stock for the treasury at $11 per share.
Feb. 14
Sold 2,000 shares of the treasury stock purchased on Feb. 2 for $12 per share.
March 25
Declared a 2 for 1 stock split on outstanding shares.
Instructions
Prepare journal entries to record the above transactions.
Part B.
The following information is available for Flip Corporation for the year ended December 31, 2014:
Beginning retained earnings
$ 340,000
Cost of goods sold
620,000
Declared cash dividends
50,000
Operating expenses
170,000
Other expenses and losses
40,000
Other revenues and gains
60,000
Sales
1,000,000
Tax rate
30%
Instructions:
1.
Prepare a corporate income statement in good form.
2.
Prepare a retained earnings statement for the year.
Question .
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...alproelearning
Accounting 970643 paper 4 problem solving (supplementary topics) october november 2010
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
make entries in the relevant ledger accounts to record
the:
–– merger of two or more sole traders’ businesses to
form a partnership
–– merger of a sole trader’s business with an existing
partnership to form an enlarged partnership
–– acquisition of a sole trader’s business or partnership
by a limited company
• prepare income statements and statements of financial
position for the newly formed business following the
merger, for example the limited company acquiring the
partnership
• evaluate and discuss the advantages and disadvantages
of the proposed merger.
Advantages or reasons behind the business purchase(acquisition) and merger : Synergy, Vertical integration etc
Purchase consideration
Goodwill
Net Assets
Standard Costing
Candidates should understand the application of a system of standard costing to an organisation.
Candidates should be able to:
• calculate the following variances:
– direct material price and usage
– direct labour rate and efficiency
– fixed overhead expenditure, capacity, efficiency and volume
– sales price and volume
• reconcile standard cost to actual cost
• reconcile standard profit to actual profit
• explain the causes of the variances and their relationship to each other
• discuss how standard costing can be used as aid to improve the performance of a business
• discuss the advantages and disadvantages of a standard costing system.
Investment Appraisal: Management Accounting Cambridge A Level Paper 3 last 2 questions: Payback period: Discounted Payback period: Accounting Rate of Return (ARR): Net Present Value (NPV): Internal Rate of Return (IRR) : Sensitivity Analysis: Cambridge A2 Standard Costing Past Papers
Budget : The financial plan for a short period of time: Individual Budgets : Purchases Budget: Production Budget: Sales Budget: Labour Budget: Trade Receivables Budget: Trade Payables Budget: Inventory Budget: Master Budgets: Cash Budget: Budgeted Income Statement : Budgeted Statement of Financial Position: Evaluation of Budgets ( Advantages and Disadvantages of Budget): recognize the effect of limiting factors on the preparation of budgets: prepare a flexed budget statement: entify and explain the causes of differences between actual and flexed budgeted data
• make business decisions and recommendations using supporting data
• discuss the behavioural aspects of budgeting
Standard Costing: Management Accounting Cambridge A Level Paper 3 last 2 questions: Payback period: Discounted Payback period: Accounting Rate of Return (ARR): Net Present Value (NPV): Internal Rate of Return (IRR) : Sensitivity Analysis: Cambridge A2 Standard Costing Past Papers
Activity Based Costing:
The latest costing method in this centaury;
Cost Drivers; Cost Pool; Cost Driver Rates ; All the ABC Cambridge A Level Past paper questions ; ABC Model questions
Introduction.
Discuss the role of the auditor
Discuss the auditor’s basis of opinion
Identify the records that require to be audited
Explain the connection between shareholders, directors and auditors
Understand what is meant by the term ‘true and fair view’
Discuss the role of directors.
Stewardship
Extra readings
Past paper questions.
Model questions.
Summary
Correction of accounting errors for a Level or level under National , Edexcel and Cambridge Syllabuses
Situations where errors take place:
Two types of errors , Errors which are not revealed by the trial balance and errors which are revealed by the trial balance, errors of omission , commission , principle, original entry , compensating and complete reversal , suspense account , past papers
Activity-based Costing
Cambridge A2
MA
Paper 03
Activity based costing: defined by CIMA
Cost drivers
Cost driver rate
Cost pools
Stages in using an Activity-Based Costing System
Advantages of Activity-Based Costing System
Dis-advantages/Limitations of Activity-Based Costing System
Working capital cycle
Net working assets to sales/revenue
Income gearing
Gearing ratio
Earnings Per Share (EPS)
Price earnings ratio/(P/E)
Dividend Yield
Dividend cover
Dividend per share
Edexcel Unit 2 - Investment ratios
If you need tute : https://www.slideshare.net/secret/HWzeaKRZChVF33
If you need password please request in comments.
All the best..!
Edexcel Pearson Accounting International Advanced Level
Unit 01: The Accounting System and Costing
Unit 02: Corporate and Management Accounting
Summarized syllabus
Contact for further support
Edexcel IGCSE & O Level
Accounting
Correction of errors
Situations where errors occur
Two types of errors
Trial Balance
Errors which do not affect Trial Balance agreement
Omission, Commission, Original Entry, Principal, Compensation, Complete Reversal, Duplication
Errors which affect the agreement of trial balance
suspense account
All igcse past papers
model questions
Joint venture
Introduction to joint venture
Joint venture account with the other partner
Memorandum joint venture accounts
Extra readings
Past paper questions.
Model questions.
Summary
prepare ledger accounts for joint ventures
calculate the profit for joint ventures.
Cambridge International Advanced Level
Accounting (9706)
A Level - Paper 3
Financial Accounting
Consignment Accounts
Consignor , Consignee/Agent, Commission
Del Credere Commission
All the theories with steps
if you want a support to complete this tute, text me on Wtsapp : +94779035940
All the past papers and model papers
All the best children..!
Partnership Accounts
Cambridge IGCSE 7707
Cambridge O Level
Edexcel IGCSE
All the theories, past papers, model questions
you can contact me for further support:
wtsapp : +94 77 903 59 40
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2. *P66469A0212*
2
Answer ALL questions. Write your answers in the spaces provided.
1 Leo, a manufacturer, provided the following information for the year ended
31 March 2021.
1 April 2020
$
31 March 2021
$
Premises
Cost
Accumulated depreciation
500 000
100 000
500 000
To be calculated
Plant and machinery
Cost
Accumulated depreciation
250 000
90 000
250 000
To be calculated
Inventory
Raw materials
Work in progress
Finished goods
56 000
64 000
108 000
44 000
68 400
112 000
Carriage inwards on raw materials 1 300
Carriage outwards 2 100
Direct wages 82 400
Electricity 18 000
Factory insurance paid 9 000
Indirect factory expenses 79 500
Indirect wages paid 83 650
Other payables – indirect wages 1 350
Other receivables – factory insurance 500
Purchases of raw materials 167 500
Returns inwards 12 000
Returns outwards 17 500
Revenue 630 000
Royalties 15 000
Plant and machinery is depreciated at 20% per annum using the reducing balance
method.
Premises are depreciated at 10% per annum using the straight line method.
Both electricity and depreciation on premises are apportioned 75% to the factory.
3. *P66469A0312* Turn over
3
(a) Prepare the manufacturing account for the year ended 31 March 2021.
(15)
Leo
Manufacturing account for the year ended 31 March 2021
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4. *P66469A0412*
4
(b) Prepare an extract of the income statement for the year ended 31 March 2021
showing the trading section only.
(5)
Leo
Income statement for the year ended 31 March 2021
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5. *P66469A0512* Turn over
5
Leo believes that an increase in revenue for this year has led to an improvement in
profitability, even though both his gross profit percentage and return on capital
employed percentage have decreased.
(c) Evaluate whether Leo is correct.
(5)
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(Total for Question 1 = 25 marks)
6. *P66469A0612*
6
2 Amira, a sole trader, does not keep full accounting records. She has provided the
following information.
1 April 2020
$
31 March 2021
$
Motor vehicle
Cost
Accumulated depreciation
40 000
19 520
50 000
To be calculated
Land 31 670 31 670
Cash at bank 1 350 1 650 Cr
Inventory 21 500 24 000
Other receivables - insurance 1 500 –
Trade payables 32 000 31 000
Trade receivables 34 500 37 500
During the year ended 31 March 2021 Amira sold her motor vehicle for $22 940.
In addition, she purchased a new motor vehicle costing $50 000. Motor vehicles are
depreciated at 20% per annum using the reducing balance method. A full year's
depreciation is charged in the year of purchase and none in the year of disposal.
Amira borrowed $50 000 as an interest free loan repayable in five equal annual
instalments. The first instalment was paid on 31 March 2021.
Her cash drawings during the year amounted to $25 000 and she also took goods
costing $5 000 for her personal use.
At 31 March 2021 irrecoverable debts of $2 500 were to be written off. A provision for
irrecoverable debts of 5% was to be created.
8. *P66469A0812*
8
(a) Prepare the statement of affairs (statement of financial position) at 1 April 2020.
(4)
Amira
Statement of affairs at 1 April 2020
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9. *P66469A0912* Turn over
9
(b) Prepare the statement of affairs (statement of financial position) at
31 March 2021.
(11)
Amira
Statement of affairs at 31 March 2021
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10. *P66469A01012*
10
(c) Prepare the equity account for the year ended 31 March 2021 to show the profit
or loss for the year.
(5)
Equity Account
Date Details $ Date Details $
(d) Explain, referring to a relevant accounting concept, why Amira:
(i) introduced a provision for irrecoverable debts
(2)
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(ii) used the reducing balance method rather than the straight line method of
depreciating her motor vehicle.
(3)
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(Total for Question 2 = 25 marks)
TOTAL FOR PAPER = 50 MARKS