how pass journal entry in the month ending for input vat and out put vat

0 Answers   Aegis,

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Outstanding bills entered under which groups in tally ?

2 Answers  

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What is Inter branch accounts reconciliation

2 Answers  

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Who owns the general ledger?

0 Answers  

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what is p2p and waht is the p2p cycle

1 Answers   Accenture,

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how much the minimum basic salary to calculate p.f.

15 Answers  

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how to calculate closing stock?

3 Answers  

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Tell me how can you define departmental accounting?

0 Answers  

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What is the difference in accounting and marketing and what is so different about them?

0 Answers  

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how we do calculate of closing stock for company. what is the process of calculation of closing stock.

2 Answers   NSL,

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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  

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what is break even point

5 Answers   Capital IQ,

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