please tell me what is journal entry for salary: Gross Salary 10000 and net salary 75000.

3 Answers   Synergy,

---

what are the nationalised banks?

2 Answers  

---

How can we create compound unit(eg:pkt of 10 nos) in Peachtree accounting software?if u know the answer,plz post it. by Libin kulamuttom

1 Answers  

---

Revenue Expenditure

0 Answers   Chartered Accountant,

---

Is push down accounting accepted under generally accepted accounting standards?

0 Answers  

---

---

1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

3 Answers  

---

what will be the tratment if company is going to buy a new plant/office . pls tell me how i consider all this transction in tally ex. advance given to party , ragistration exp, stamp duty paid, finel payment made etc.

1 Answers  

---

Please explain ASAP?

5 Answers  

---

what is the jurnet entry ? why

4 Answers  

---

i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?

0 Answers  

---

What is the abbreviation for the accounting terms debit and credit?

0 Answers  

---

Purchase a goods from venkat for cash,it should be credited to Whom

9 Answers   TCS, Wipro,

---