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accastudent1994

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Active 5 years ago
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Viewing 7 posts - 1 through 7 (of 7 total)
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  • September 11, 2017 at 8:10 pm #407264
    mysteryaccastudent1994
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    • Replies: 7
    • ☆

    Please i need to clarify

    Which of the following should be classified as assets
    A payables
    B motor vehicles
    C discount received
    D tax refund due
    In the kit they say the answer is D but i think is B
    Why do they think the answer is D????

    September 4, 2017 at 6:28 pm #405495
    mysteryaccastudent1994
    Member
    • Topics: 0
    • Replies: 7
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    Okay thanks…so when trying to compare…do u compare between master budget and actual budget…or flexed budget and actual budget?

    September 4, 2017 at 1:54 pm #405349
    mysteryaccastudent1994
    Member
    • Topics: 0
    • Replies: 7
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    Do we still have to study variances ,in Ma1 syllabus… Or in Ma2???

    September 1, 2017 at 9:25 am #404818
    mysteryaccastudent1994
    Member
    • Topics: 0
    • Replies: 7
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    Ohhhhh yeah i understand now…thank u!!!

    September 1, 2017 at 8:00 am #404813
    mysteryaccastudent1994
    Member
    • Topics: 0
    • Replies: 7
    • ☆

    Please i need to clarify on this question

    Receipts and issues of raw materials for a period were:
    Units $/unt cumulative $
    Day1 balance. 160. 3.70. 592
    Day2 receipt. 230. 3.60. 1420
    Day5 issue. 110.
    Day8. Issue. 150

    Using LIFO inventory pricing method ,what is thr total cost of thr issue on day 8?…am getting 540 but they say answer is B….how is that??

    A $540
    B $543
    C$545
    D$ 555

    August 31, 2017 at 10:36 pm #404750
    mysteryaccastudent1994
    Member
    • Topics: 0
    • Replies: 7
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    Thank you so much…..this is really helping me

    August 31, 2017 at 2:00 pm #404662
    mysteryaccastudent1994
    Member
    • Topics: 0
    • Replies: 7
    • ☆

    Wow i did not know that
    Please am about tp write my ma1 exam ..how do you get rid of all the nervousness? Am so nervous

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Viewing 7 posts - 1 through 7 (of 7 total)

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