Here are some of the useful online resources for the accounting students appearing in the upcoming January attempt of Computer Based Exams CBE.
Just click the appropriate link and assess yourself how good you are in the respective subject
ONLINE MOCK Computer Based Exams (CBE) EXAMS
>> Certified Accounting Technicians (CAT) candidates:
CAT Paper T1 (INT)* - Recording Financial Transaction
CAT Paper T1 (UK)* - Recording Financial Transaction
CAT Paper T2 - Information for Management Control
CAT Paper T3 (INT) - Maintaining Financial Records
CAT Paper T3 (UK) - Maintaining Financial Records
CAT Paper T4 - Accounting for Costs
>> ACCA candidates:
ACCA Paper F1 - Accountant in Business
ACCA Paper F2 - Management Accounting
ACCA Paper F3 (INT) - Financial Accounting
ACCA Paper F3 (UK) - Financial Accounting
>> Students appearing under Mature Student Entry Route (MSRE):
MFA (INT) - Financial Accounting
MFA (UK) - Financial Accounting
(INT)* denotes Students attempting exams under International stream. Students living outside United Kingdom must follow INT link. (UK)* denotes Students attempting exams UK stream
||CLICK HERE FOR ONLINE CAT/ACCA PAST PAPERS||
||CLICK HERE FOR BPP i-Pass cds of ACCA F1, F2 and F3||
||CLICK HERE FOR BPP I-Pass cds of CAT T1, T2, T3 and T4||
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ReplyDeletemox exmes ka question number 39 kassa ho ga.cat
ReplyDeletepaper T1 ka mox exams ka question number 39 kassa ho ga?
ReplyDeleteIts easy here is the suggested answer:
ReplyDeleteDays x hours x hourly rate
from Mon to Fri: 5 x 8 x 4.5 = 180
Saturday: 1 x 4 x (4.5x1.5) = 27
Sunday: 1 x 5 x (4.5x2) = 45
Gross pay for the week: 180+27+45 = 252
NOTE:
>>rate for saturday is time and a half that means its rate is 1.5 times the normal rate
>>rate for sunday is 2 times the normal rate
plz tell me the solution of this question.
ReplyDeleteQUESTION; jasmin buys good from reshma on 60 days credit limit alternatively 10% cash discount is available on any payment received with in ten days. during february transactions took place
Feb 2 jasmin buys 800 of goods
Feb 11 jasmin pays reshma cheque for 360.
What is the balance of jasmin account in reshma's sales laedger at 28th february
(USMAN & UMAIR)
sir is question ka solution batain jaldi.
ReplyDeleteQUESTION: Average usage of raw material is 200 kg per day, the average ordering lead time is five days, the reorder level is 1600 kg and the reorder quantity is 2800 kg.
what is the average raw material inventory.
Jessie's trial balance at 30 September 20X0 included:
ReplyDeleteDebit $
Credit $
Receivables ledger control account
90,350
Allowance for doubtful debts (brought forward)
2,490
Further adjustments are to be made as follows:
(1)
No entries have been made in respect of cash of $1,320 received from Jeffrey whose balance had been written off last year
(2)
At 30 September an allowance is required against a balance of $1,950 due from John as well as a general allowance of 1.5% of remaining debts
What figure will be reported in the statement of financial position (balance sheet) at 30 September for receivables?
$
Your currently accepted answer: 89783
(0 of 2 marks)
Receivables ledger control account: 90,350
ReplyDeleteAllowance for doubtful debts (brought forward):2,490
-----------------------
Specific Provision: 1950
General Provision: 1.5%
-----------------------
Amount of Debtors for Provision for doubtful debt purposes:
90,350
<1950>
______
88400
General provision = 88400 x 0.015 = 1326
Total provision for the year = specific provision + general provision
=1950 + 1326 = 3276
-------------------------
Amount of debtors to be reported on B/S:
90350
<3276>
______
87074
Notes:
1) Remember general provision is calculated on the amount of debtors which is net of:
a, debts subjected to specific provisions
b, provision for discount
c, unrecorded bad debts
d, adjustments for errors
After all the above amounts are treated the right way, only then we will apply the rate of general provision.
2) specific provision is added in general provision to compute total provision, in this case whole amount due from john is to provided for doubtful debts thats why it was separated from the total debtors to calculate general provision which is only 1.5% of whole debt.
3) bad debts recovered will not effect the transaction as on recover of bad debt from jeffery will be recorded as:
Dr: jeffery a/c 1320
Cr: bad debts recovered a/c 1320
and as payment is received and is not left unpaid we will record it as:
Dr: Cash a/c 1320
Cr: jeffery a/c 1320
So the point is in first journal entry it has caused the balance of total debtors to increase
and the second journal entry has caused the balance to decrease with exactly the same amount thats why this transaction is ignored while computation of provision
if u still have any confusion than do ask
thanks
Mountain sells goods on credit to Hill. Hill receives a 10% trade discount from Mountain and a further 5% settlement discount if goods are paid for within 14 days. Hill bought goods with a list price of $200,000 from Mountain. Sales tax is at 17.5%.
ReplyDeleteWhat amount should be included in Mountain's receivables ledger for this transaction?
$
Your currently accepted answer: 211500
0 of 2 marks
THIS IS GREAT KAKA YHANX FOR HELP PLZ I WANT SOME NOTES FOR T5 AND T6 I WANT IT IMMIDIATELY BCOZ MY PAPERS ARE IN DECEMBER PLZ HELP ME
ReplyDelete