Answer Posted / michael maiti

It means the goods are purchased and are on shippment not
yet received by the buyer

entry :Dr Goods purchased & Cr goods in transit

what is the process of excise duty?

2534

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DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

2138

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4241

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what tax will be on puchasing of sweets and is necessery to use form 38.

2393

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What is contract accounting?

2332

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3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

2169

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HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

2188

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Short Answer on ________Adjusting Entries

2153

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What is PE ratio formula ?

2479

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what are the steps used in UAT in Oracle Apps?

1793

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do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

2102

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Can I freeze my account?

2107

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I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1932

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Who to create a budget on software company

2128

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why do u want to join bpo sector

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