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 what are some jobs you can apply for online?
anywhere really, thanks a lot.

i would prefer places that are not in the food industry but thats ok too....


 Early Termination Fee????
i want a new blackberry for verizon but it has a early termination fee. what is an early termination fee. do i only have to pay it if i switch services???...


 Which is the best way to money transfer to India?
Which is the best way to money transfer to India? Western Union or xoom?...


 New eBay Seller.. Help?
Okay, so i was just told that new eBay sellers have to wait till they get their first feedback before receiving the cash for their sold item..Is this true?...


 New to eBay and Paypal..HELP?
If i sell something on ebay, how quickly will the money transfer to my Paypal? Will i be able to use it or will i have to wait till the buyer receives the item?...


 What are the advantages and disadvantages of outsourcing?
help me with my essay question please
does anybody know what the advantages and disadvantages of outsourcing are?

subject: outsourcing and ...


 Where can I get the best deal for Speed Stacks Competition Cups Orange with Orange Bag?
Where can I find a really good deal online for Speed Stacks Competition Cups Orange with Orange B...


 Do you know where I can get a grant from to fund my business ?

Additional Details
I only need about $1000. I am using this
to fund my plan for my network marketing
business. I can do this and make money
on the side. Do you know ...


 How to calculate the opening cash balance on the cash budget?
How do i work out the opening cash balance in regards to this cash budget? Please click on the link.
http://i194.photobucket....


 For online purchases, is the postage cost INCLUDED in with the S&H?
Or is the postage fee charged later? I know this is a stupid question, but I've never bought anything online before, so, a little help would be appreciated. :)...


 Can some one introduce some solid wood furniture manufacturer in China?
Can some one introduce some solid wood furniture manufacturer in China?...


 where can I buy a really cheap off shore oil rig like sealand?
...


 can signatures be....?
i dont have a signature, but i came up with a cool 1 that i can do with the first letter of my first/last name which are D A , could this be used as a legal signature (like documents etc)?...


 how do i make money at 13 in toronto?
hey guys im 12 turning 13 and i was wondering if there are anyways for me to make money so i can save it and spend it on things im in grade 7 going to grade 8 ...


 Accounting Homework Help?
1. Any unamortized premium should be reported on the balance sheet of the issuing corporation as

a) an addition to the face amount of the bonds in the liability section
b) a direct ...


 Obama Finance Bill Will Allow Seizure of Companies? right?
Barack Obama has taken the United States one more giant step towards socialism by ramming through the Senate his financial regulation bill.

The bill authorizes the secretary of the T...


 What are some cheap health insurance companies?
I NEED some health insurance just for me and i have been looking online and cant find nothing cheap....


 If a lawyer business is called a firm, what is a graphic design business called?
...


 I need help with this accounting question please!?
Taiwanese Company has 5,000 shares of 4% cumulative preferred stock of $40 par and 10,000 shares of $90 par common stock. The following amounts were distributed as dividends:


Year 1 $...


 what does cost of revenue mean?
http://finance.yahoo.com Income Statement&...



Panayiotis
Help with IGCSE Accounting Past-Paper multiple choice question?
I need some help regarding a multiple choice question in a past paper.

The question states:
"Material purchased was debited incorrectly to the motor vehicles account. The effect on the profit and loss account would be:
A) net profit (only) understated
B) net profit (only) overstated
C) net profit unaffected
D) both gross profit and net profit affected"

And in my way of thinking I think:
If purchases weren't debited therefore not increased, the cost of sales will be understaded by the amount of purchases not recorded, therefore the gross profit would be overstaded ( less cost to deduct) and in the end net profit would be overstated.


The correct answer though according to the mark scheme is B - net profit only would be overstated, and I would like to know why.
                     
 




yyyyzz (wise)
Rating
The correct answer is D. Your logic to get at B is correct, but because they mention 'material purchases', the gross profit will also be affected.
Peace.


Weshan
I took IGCSE a couple of years ago. Correct answer is D - Good luck with your exam.

W


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