Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.
4 44104when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
1516Dear sir we are running a export enterprises and we are marchent and exporter we purchaige the goods from mahahrashtra /gujrat and many indian stats our iec cod is issue from varanasi and our firam is registerd from azamgarh utter pardesh kindly advise me can i purchige the goods from gujrat and send direct to port or shude we inter the goods in utter pardesh then we sent to port i m asking this question because our salse department is not issue form H kindly give me advise i m waiting for your for reply thanks and regards e mail id: burque786azm@yahoo.com javed
1 3204i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
1844hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
2241Post New Accounting General Questions
How to Automate requirment mapping in QC?
wht is different between defered tax liablities and defered tax assets??????
Tell me in accounting, how do you define premises?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
what is miscellaneous expenditure??
How much statistics knowledge is necessary or required in accounting?
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
what are doucement required under registration of properity firm. give the answer breif
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
What are the purposes of maintaining control ledgers?
Tell me what is the difference between accumulated depreciation and depreciation expense?
Dillution effect on EPS
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.
