Answer / sai

I think the answer is 5 years

What is the Journal entry of the Transaction -- The Horse bought on April 20 died , its carcase was sold for rs.50. also tell me what is treatment in P/L A/c and Balance Sheet.

4 Answers   ASDC, Financial Services,

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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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what is the diffrence between accounting and finance?

4 Answers   Genpact,

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What is the cost of goods sold?

4 Answers  

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Goods sold by Del Credere Agent are sales of manufacturer or Del Credere Agency?

0 Answers  

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Provident Fund a/c will comes under which account Personal, Real or Nominal A/c

1 Answers   Cargill,

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Do you know what qualities and skills make an account manager successful?

0 Answers  

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Why Accountants have to or must prepare INCOME STATMENT in two stages Gross Profit And Net Profit

2 Answers  

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what is capital expenditure

5 Answers   Genpact,

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what is ccr rate

2 Answers   IBM,

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WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

0 Answers   HSBC,

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what is an accured account ?

6 Answers   Genpact,

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