paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
1776Post New Real Group Of Companies Accounting General Interview Questions
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We are preparing another project which involves Waste heat recovery from a 1 MW GE Engine. The Engine in particular gives out flue gas at 487Deg C with a flow rate of 5650 kg/hour and this can be cooled to 180 Deg C. This gives a thermal output of ~ 594 KW that is available for input to VAM via heat exchanger / boiler. Additionally 581 KW will be available from engine jacket water (temperature profile 80/ 80 Deg C and a flow rate of 50m3/hr) Our estimation is that 300 TR of cooling is possible with a suitable VAM machine(s). Please advise what is the most suitable arrangement with maximum TR and min Capital expenditure. plz reply me as early as possible
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From the following data calculate (i) P.V. Ratio (ii) B.E.P. (iii) Margin of safety (iv) Profit Direct Material 20,000 Direct wages 16,000 Variable factory overhead 25% of wages10 % of factory cost Variable selling and Distribution overhead Rs. 4 per limit Fixed overhead Rs. 8,000 Unit sold 1000 @ Rs. 64 per unit
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