purchase rice 2 bags rs.7500 and vat charges @5%
what is the answer...
Answer Posted / nik
PURCHASE 2 BAG OF RICE FOR 7500 THE TOTAL AMOUNT IS 7500. 5%
VAT AMOUNT IS 375.
7500+375=7875
| Is This Answer Correct ? | 14 Yes | 2 No |
Post New Answer View All Answers
Explain what knowledge should financial accountant have?
What is use of subject history in banking?
As you know any other accounting application?
when dissoluction of firm why investment flchuationfund subtrect from book value
How to pass VAT retention entry on computer and Furniture
Please let me know Under head of Sales Advance?
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
Explain what is double-entry accounting? Explain with an example?
Explain what is bad debt expense?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
what are the main important accounting entries for AP and AR ...
Define overhead in terms of accounting?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
get fixed assets items
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).