Answer Posted / cr.ganesh

1)receipt voucher
2)payment voucher
3)contra voucher
4)purchase return voucher
5)sales return voucher
6)journal voucher
7)purchase voucher
8)sales voucher

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

2256

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Is buy or sale trade will impact on Nov? Yes/No Please explain.

1876

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Give ONE reason for Balance Sheet to be out of balance

2002

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What methods do you use to discover sales opportunities?

1050

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What are the columns of a journal?

1173

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What is the difference in accounting and marketing?

1030

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How is scrap value calculated?

1131

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My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.

2184

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What do you find most satisfying about this job?

1085

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Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)

2032

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say something about your school

3109

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in what circumstances it is mandatory to calculate the goodwill.

1718

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journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY

1859

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How to prepare in yearly turnover?

2112

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difition of reserve & surplus

2263

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