Interested to Buy Any Domain ? << Click Here >> for more details...
purchase rice 2 bags rs.7500 and vat charges @5%
what is the answer...
- 8 Answers
- 12531 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / arun k sharma
Purchase A/C Dr 7500
Vat Charges A/c Dr 375
To Cash 7875
(Being rice purchased)
Comment: Rs 7500 for 2 Kg rice, not 7500 Rs per Kg, Thanks
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
Write about the media role in daily life
What is the difference between consigner and consignee?
What is accounting
why accounting is important in business?
pls let me know double entry of 'LEASING"
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
input vat, wht use in wct
What qualifications have you achieved?
Explain me what is general ledger account?
Explain dual aspect term in accounting?
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
What are its characteristic features of financial accounting?
Tell me what is the master account?
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).
