From the following data calculate (i) P/V Ratio (ii) Profit when sales are Rs.20,000 and (iii) the new Break-Even Point, if the selling price is reduced by 20% Fixed expenses Rs. 4,000 Break-Even-Pont Rs. 10,000

8 Answers   Apollo, MBA, Techno Labs,

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Assessment Year or Finanacial Year is Both are same or Different.

4 Answers  

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what entry to be passed if we have import item from supplier but in the trasaction some items were broken but we have not claimed to insurence co & the broken items we have purchased from local supplier & the value of broken item is not refundable from first supplier. in this condition ??? Pls help me

1 Answers  

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What is revenue recognition.

1 Answers   NTT Data,

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in which head ESI A/c will be come?

4 Answers  

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what is bank reconcilietion

18 Answers   WNS,

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what is deferred revenue expenditure

3 Answers  

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Give a brief explanation of the fundamental accounting concept of prudence

0 Answers  

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   Ignou,

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meaning of accounts payable

13 Answers   Accounting, Volkswagen,

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Under the SORP, do you have to disclose fees received by a trustee for a professional service even if you have a charging clause in the Governing Document?

1 Answers  

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Explain the setup steps for Autoinvoice?

1 Answers   Airtel, Morepen,

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