Answer / naveen

High,Low,& Closing

HOW TO CALCULATE VAT, INCOME TAX , ESI , PRO.TAX. P.F,

2 Answers  

---

Tell me what does the standard journal entry includes?

0 Answers  

---

In which categoury bank account comes? personal or real

3 Answers  

---

Loan & Advances which heading calculated ?

2 Answers   Spanco,

---

explain vat breifly

2 Answers  

---

under which ledger should i make opening work in progess and closing work in progress

0 Answers  

---

Who was the first person to climb Mount Everest?

1 Answers   DMRC,

---

Journal entry for Salary paid 100000/- in which (1)pf (2)esi (3) professional tax included

2 Answers   BPO,

---

What is the Meaning of E.& O.E ?

4 Answers  

---

Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Profit and loss statement,Or should it be included under head Provision for Taxation

1 Answers  

---

sold some office equipment of rs 1,300 (proceeds beingreceived as rs 700 by cheque and balance in cash) and paid the cheque into his private bank . what will be the journal entry please give answer when you sure about it thanks

3 Answers   Genpact,

---

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  

---