Login

Search the forums now!

Welcome, Guest. Please login or register.

November 02, 2025, 10:39:02 am
Pages: 1 2 3 [4] 5 6 7   Go Down

Author Topic: how did everybody go?  (Read 25500 times)  Share 

0 Members and 1 Guest are viewing this topic.

YT_17

  • Victorian
  • Forum Regular
  • **
  • Posts: 75
Re: how did everybody go?
« Reply #45 on: November 05, 2009, 04:15:06 pm »
Hey guys....is the $200 DEPOSIT  a prepaid sales revenue..?  A current liability??
Logged

nbalakers24

  • Victorian
  • Forum Leader
  • ****
  • Posts: 672
Re: how did everybody go?
« Reply #46 on: November 05, 2009, 04:15:39 pm »
yeah
Logged

unknown12

  • Victorian
  • Trailblazer
  • *
  • Posts: 35
Re: how did everybody go?
« Reply #47 on: November 05, 2009, 04:19:17 pm »
The 2007 exam had a similar question and they took it in the general journal, and no the cost of sales is linked to the sales revenue in the general journal.
Logged

nikinoo

  • Victorian
  • Trailblazer
  • *
  • Posts: 27
Re: how did everybody go?
« Reply #48 on: November 05, 2009, 04:21:17 pm »
also, my text book (simmons) does it in the general journal. not sure about anyone elses x
Logged

YT_17

  • Victorian
  • Forum Regular
  • **
  • Posts: 75
Re: how did everybody go?
« Reply #49 on: November 05, 2009, 04:26:51 pm »
Hey, can i ask  ....if you got a B in exam 1 and got a better score in Exam 2.... i hv Derived score due to swine flu.....do u think i still hv a chance to get over 35 ......
Logged

charley

  • Victorian
  • Adventurer
  • *
  • Posts: 5
Re: how did everybody go?
« Reply #50 on: November 05, 2009, 04:33:04 pm »
Quote from: YT_17 on November 05, 2009, 04:26:51 pm
Hey, can i ask  ....if you got a B in exam 1 and got a better score in Exam 2.... i hv Derived score due to swine flu.....do u think i still hv a chance to get over 35 ......
you would probably be cutting it quite fine..i've heard of many students at my school getting a +'s on sacs and then a's on exams and only getting like 38!
Logged

nikinoo

  • Victorian
  • Trailblazer
  • *
  • Posts: 27
Re: how did everybody go?
« Reply #51 on: November 05, 2009, 04:42:38 pm »
ALSOOO

the reconstruction of ledgers..
how did everybody do rent revenue ?
i changed mine 10 times !

Logged

darkphoenix

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1564
Re: how did everybody go?
« Reply #52 on: November 05, 2009, 04:44:39 pm »
Quote from: nikinoo on November 05, 2009, 04:42:38 pm
ALSOOO

the reconstruction of ledgers..
how did everybody do rent revenue ?
i changed mine 10 times !



I got $24,000 in the bank, then $2000 for accrued. So total was $26000.

But i think mines wrong.
Logged
2009: Accounting
2010: English | Methods (CAS) | Specialist Maths | Chemistry | Chinese SL
2011: Bachelor of Commerce/Engineering @ Monash

YT_17

  • Victorian
  • Forum Regular
  • **
  • Posts: 75
Re: how did everybody go?
« Reply #53 on: November 05, 2009, 04:46:41 pm »
My sacs are not A+........seems like i still no hope for accouting ........thank you so much for answering my question....appreciated
Quote from: charley on November 05, 2009, 04:33:04 pm
Quote from: YT_17 on November 05, 2009, 04:26:51 pm
Hey, can i ask  ....if you got a B in exam 1 and got a better score in Exam 2.... i hv Derived score due to swine flu.....do u think i still hv a chance to get over 35 ......
you would probably be cutting it quite fine..i've heard of many students at my school getting a +'s on sacs and then a's on exams and only getting like 38!
Logged

nbalakers24

  • Victorian
  • Forum Leader
  • ****
  • Posts: 672
Re: how did everybody go?
« Reply #54 on: November 05, 2009, 04:51:28 pm »
rent revenue

bank $22000
accrued rent $2000

also on the credit side i had p & l summary $24000,i closed it for some reason :s
Logged

nikinoo

  • Victorian
  • Trailblazer
  • *
  • Posts: 27
Re: how did everybody go?
« Reply #55 on: November 05, 2009, 04:52:58 pm »
damn damn damn =(
Logged

nbalakers24

  • Victorian
  • Forum Leader
  • ****
  • Posts: 672
Re: how did everybody go?
« Reply #56 on: November 05, 2009, 04:55:53 pm »
not sure if its right but this was my working out for the rent recieved

12x2000= 24000 - accrued revenue
= 22000
Logged

nikinoo

  • Victorian
  • Trailblazer
  • *
  • Posts: 27
Re: how did everybody go?
« Reply #57 on: November 05, 2009, 04:58:02 pm »
Quote from: nbalakers24 on November 05, 2009, 04:55:53 pm
not sure if its right but this was my working out for the rent recieved

12x2000= 24000 - accrued revenue
= 22000

i got the same as you .. the $22000..
but how did u set it up in the ledger ??

Logged

YT_17

  • Victorian
  • Forum Regular
  • **
  • Posts: 75
Re: how did everybody go?
« Reply #58 on: November 05, 2009, 04:59:40 pm »
SOrry abt the general ledger rent revenue......how many marks was it?
Logged

dylrom

  • Victorian
  • Fresh Poster
  • *
  • Posts: 3
Re: how did everybody go?
« Reply #59 on: November 05, 2009, 05:00:26 pm »
Quote from: mtwtfss on November 05, 2009, 03:56:52 pm
Could somebody please tell me if im wrong or right with these answers:

1.2.1: $10,530
1.2.3: $400
1.3.1: $20
1.4.2: increase in sales at a greater rate than the increase in net profit and an increase in hourly wage rates
1.5.2: CFS operating inflow
balance sheet CL
1.5.3: GJ:
200 prepaid rev
        200 sales
sales journal:
COS: 1500 Sales: 2300 GST: 250 Total debtors: 2550

2.1.1: purchase return
2.1.2: original
2.2.1: cash collected from debtors: 597,200
cash paid to creditors: 325,000
rent revenue recieved: 24,000 (kinda weird, cos they predicted 24,000 rent revenue, but predicted to recieve in cash only 22,000...probs stuffed this up)
2.3.2: variance of 1000 favourable
2.4.3: interest cover

i like ur thinking with all of those totals except the first one, where i got 10080..i thnk
and the rent revenue total i got $22000
Logged
Pages: 1 2 3 [4] 5 6 7   Go Up