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Define a company's payable cycle?


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More Accounting General Interview Questions

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.

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what is Schedule-2 in Balance Sheet.

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Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me

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please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

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in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity

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How bank reconciliation statement is prepared

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Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

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Explain the Invoice verification process

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Plant and machinery destroyed for 50000

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What are the objects of cost accountancy?

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what is journal entry of reserve for doutful debts.

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How can I pass the journal entry for Work in progress. I would like to know that where should be the debit and credit allocated in accounting system. eg. WIP debit will be under asset a/c in balance sheet what about credit? pls.help me

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