Sales for ABC Company were Rs.150,000 for 2003.The
beginning inventory was 30% of the cost of goods sold.The
ending inventory was 50% of the beginning invetory.Selling
expenses were 10% of sales and absorbed 30% sales.Income
taxes were 30% of net income before taxes.
19
In Pricing the gallons of petrol sold,service station 'A'
follows the first-in-first-out method,while service
station'B'follows last-in-first-out method.On 1st January
both has the same quantity in stock viz.6,000 gallons at
Rs.26 per gallon.During the month,each station recieved
additional supplies of 6,000 gallons at Rs.27.50 per
gallon.Sales for each of these two stations,during the
month,were 8,800 gallons at Rs.29 per gallon.
Determine for each service station,profit earned during
the month and value of the petrol in stock at close of the
month.
23
how to calculate share values of a company.
14
what is cnc machine hour rate? how it is calculated?
Hi all i did my M.B.A financ enw iam doing a job as a
finance executive but i feel it is not good 4 me can any 1
plz guide me 4 the better career my job profile is
(INVOICING)hw it is help me out 4 the better career shell i
continu ein the same 1 by learning sap or oracle or shall i
shift to any other if any other which job is suites to me
plz suggest me
If a software is being purchased which can be used at its
own for the purpose of implementation of computerisation of
various customer accounting system. then what will be the
treatment for the same in accounts ??? whether it will be
considered as intangible assets or inventory?
18
I have a existing Oracle applicttions and need to bring one
of the new business on it. The new business will use GL, AP
and FA. We will use existing COA. This business will have 3
sets of books (1- tax book, from April to March; 2- Primary
book, from July to June; 3- Reporting book, from July to
June); All books will have same currency; HOW DO I TRANSFER
DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY
MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS
WHICH CAN BE SCHEDULED?
THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD
SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO
REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING
BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX
BOOK?.
HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS?
Thanks,
KK
along with your userid / name. ThanQ
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