what journal entry pass in case of vat refundable and in case of vat payable?

2 Answers  

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

0 Answers   SBS Institute,

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Reconciliation a/c in SAPM ERP

1 Answers   Olympus,

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2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

0 Answers  

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why sales amount comes in Credit Side in Trial Balance ?. Please give me Explanation Why Purchase amount comes in Debit side in Trial Balance ?. Please give me explanation.

1 Answers  

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We purchased packing material against H form condition, without Sales Tax, Now against we want issue C form to party with payment of CST 2%, C form issue only Basic amount, or including CST amount?

1 Answers   Wipro,

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What is negative goodwill?

3 Answers   Wipro,

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How can i write off bad debt in tally erp9 ?

1 Answers  

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What is the full form of GAAP?

23 Answers   Accenture,

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Under which Category TDS payable and TDS receivable will fall explain the rules

1 Answers   JLM Aircon,

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what is , Purchase & Sales Return?

2 Answers   EDS,

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What is inventory

4 Answers  

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