objective of accounting

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From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900

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difference between office expense and miscelleanous expense with some examples

0 Answers   Thomson,

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DESCIBE EXPORT PROCEDURE

0 Answers   Philips,

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housing loan taken from tata capital housing finance ltd.,how can entry make with interest with sanction amount and documentation charges

1 Answers   KMS,

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Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

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How do the standards assist the users of financial report?

0 Answers   NIIT,

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What is maximum limit of cash payment per day by a company?

12 Answers   Ciscons Projects,

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what are the uniform public construction cost accounting act procedures?

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How to decide the number of voucher files to be maintained ? What are the possible voucher files?

1 Answers  

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what do you mean by Accounts payable

21 Answers   Accenture, ICICI,

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Expand SOIT

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