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We have bought a vehicle amounting and take a loan from
bank and some part has been paid by Cash.

Answers were Sorted based on User's Feedback



We have bought a vehicle amounting and take a loan from bank and some part has been paid by Cash...

Answer / aaqil siddiqui

assests a/c dr
to cash a/c
to bank

Is This Answer Correct ?    13 Yes 1 No

We have bought a vehicle amounting and take a loan from bank and some part has been paid by Cash...

Answer / vishalgoel88@yahoo.com

Vehicle a/c dr.....
To Cash a/c
To Bank Loan a/c

Is This Answer Correct ?    0 Yes 0 No

We have bought a vehicle amounting and take a loan from bank and some part has been paid by Cash...

Answer / sneha

Asset a/c (vehicle) dr
To bank a/c
To cash a/c

Is This Answer Correct ?    0 Yes 0 No

We have bought a vehicle amounting and take a loan from bank and some part has been paid by Cash...

Answer / b.shankar

To Cash a/c

Is This Answer Correct ?    1 Yes 2 No

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Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

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1 Answers  


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: &#61485;fixed 42,000 &#61485;variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: &#61485;fixed 36,000 &#61485;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.

0 Answers  


If We Purchase Service Of Bl Fees; Is It Necessary To Make Entry As XYZ Co A/c. Dr To BL Fees A/c. Or Just To Make Entry As XYZ Co A/c. Dr To Purchase A/c. Is It The Wrong In Audit Or Any Gen Check Of Entries.

2 Answers  


A company closing its acconts in december..its paying 10000/-as rent......in the month of august it paid 4 months rent as advance...how will u account this

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