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April 27, 2024, 03:57:52 pm
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Author Topic: EXAMM WAS HARDD  (Read 21382 times)  Share 

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shadowryu21

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EXAMM WAS HARDD
« on: June 08, 2010, 04:58:31 pm »
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The first question was soo hard!!!! does anyone know the answer...?
about the extract balance sheet
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inspire

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Re: EXAMM WAS HARDD
« Reply #1 on: June 08, 2010, 05:00:00 pm »
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YEAH SO HARD!!!!!
you needed accrued rent of 2000
and i think gst clearing of 3500
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2010: Accounting: 45 : Methods 47
2011: English 43 : Economics  47: Legal Studies 43: Chemistry 40: Specialist Maths 41 [99.55]
2012: Bachelor of Commerce Melbourne University, Economics Tutor

99.95

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Re: EXAMM WAS HARDD
« Reply #2 on: June 08, 2010, 05:06:05 pm »
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i dont know if this is correct but this is what i wrote:

Assets                                                          Liabilitities

CA                                                              CL

cash 10000                                                  accrued rent  2000

stock control 35000                                        NCL

NCA                                                             loan 50000

delivery van 20000
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sarafreakay

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Re: EXAMM WAS HARDD
« Reply #3 on: June 08, 2010, 05:08:19 pm »
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yeh same as above except i wrote in CL > loan $10000 NCL > $40000
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shadowryu21

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Re: EXAMM WAS HARDD
« Reply #4 on: June 08, 2010, 05:09:07 pm »
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I did the same thing as you :O, but i split the loan into two parts for some reason... Did you get the part about the installation?, how it gets recorded in the general journal?
Quote from: 99.95 on June 08, 2010, 05:06:05 pm
i dont know if this is correct but this is what i wrote:

Assets                                                          Liabilitities

CA                                                              CL

cash 10000                                                  accrued rent  2000

stock control 35000                                        NCL

NCA                                                             loan 50000

delivery van 20000
Quote from: 99.95 on June 08, 2010, 05:06:05 pm
i dont know if this is correct but this is what i wrote:

Assets                                                          Liabilitities

CA                                                              CL

cash 10000                                                  accrued rent  2000

stock control 35000                                        NCL

NCA                                                             loan 50000

delivery van 20000
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rudaid

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Re: EXAMM WAS HARDD
« Reply #5 on: June 08, 2010, 05:09:16 pm »
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Quote from: 99.95 on June 08, 2010, 05:06:05 pm
i dont know if this is correct but this is what i wrote:

Assets                                                          Liabilitities

CA                                                              CL

cash 10000                                                  accrued rent  2000

stock control 35000                                        NCL

NCA                                                             loan 50000

delivery van 20000

split loan 10,000 and 40,000 and GST clearing (C/A) 3500 or 3900?
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shadowryu21

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Re: EXAMM WAS HARDD
« Reply #6 on: June 08, 2010, 05:09:57 pm »
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did anyone understand the installation question? how it goes in the general journal?
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inspire

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Re: EXAMM WAS HARDD
« Reply #7 on: June 08, 2010, 05:10:10 pm »
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equipment 350
gst clearing 35
      sundry creditor- joe plumbing 385

i didnt put equipment damn ><
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2010: Accounting: 45 : Methods 47
2011: English 43 : Economics  47: Legal Studies 43: Chemistry 40: Specialist Maths 41 [99.55]
2012: Bachelor of Commerce Melbourne University, Economics Tutor

rudaid

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Re: EXAMM WAS HARDD
« Reply #8 on: June 08, 2010, 05:10:16 pm »
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installation was meant to be i think

equipment 350
GST           35
    sundry creditors - Joe's plumbing service 385

i think?
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inspire

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Re: EXAMM WAS HARDD
« Reply #9 on: June 08, 2010, 05:10:55 pm »
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did anyone get the minus the purchase of stock for the bank balance?
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2010: Accounting: 45 : Methods 47
2011: English 43 : Economics  47: Legal Studies 43: Chemistry 40: Specialist Maths 41 [99.55]
2012: Bachelor of Commerce Melbourne University, Economics Tutor

rudaid

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Re: EXAMM WAS HARDD
« Reply #10 on: June 08, 2010, 05:11:54 pm »
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i didn't? should we have?
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inspire

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Re: EXAMM WAS HARDD
« Reply #11 on: June 08, 2010, 05:13:11 pm »
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yeah cuz he purcahsed stock for 35000 or something and so then his balance at 1 feb was 100000-35000
i didnt get this either ><
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2010: Accounting: 45 : Methods 47
2011: English 43 : Economics  47: Legal Studies 43: Chemistry 40: Specialist Maths 41 [99.55]
2012: Bachelor of Commerce Melbourne University, Economics Tutor

sarafreakay

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Re: EXAMM WAS HARDD
« Reply #12 on: June 08, 2010, 05:15:06 pm »
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argh to come to think about it i made ALOT of silly mistakes, boo.
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99.95

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Re: EXAMM WAS HARDD
« Reply #13 on: June 08, 2010, 05:15:14 pm »
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correct me if im wrong but for the 2nd question stock card there was no stock loss right?
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rudaid

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Re: EXAMM WAS HARDD
« Reply #14 on: June 08, 2010, 05:15:43 pm »
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Quote from: 99.95 on June 08, 2010, 05:15:14 pm
correct me if im wrong but for the 2nd question stock card there was no stock loss right?

yeah i left it blank there
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