How to show discount received in Tally?

3 Answers  

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Explain me the basic accounting equation?

0 Answers  

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what is journal entry for "Interest allowed by bank" and where does it come in pass book??

6 Answers   Accenture,

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By saying, perpetual or periodic inventory system; what do we mean?

0 Answers  

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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

3 Answers  

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golden ruls of accounting

4 Answers  

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hai , please explain wherther output tax a/c comes under duties & taxes or indirect expenses?

1 Answers  

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The real meaning of Purchase

1 Answers  

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What is the journal entry for good loss by fire? claim receive from insurance company? after claim received the loss occoured entry?

8 Answers  

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What is the difference between General Ledger and Trial Balance?

2 Answers  

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Cash bill of sale so the company can deduct the amount.

0 Answers  

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What is Current Assets minus current Liabilities?

22 Answers   Capital IQ, Core Logic, FIC,

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