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What is Meany By MIS Report?What are things covered in the
report?
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Answer Posted / latha.
MIS report actually means, it is a report conducts day to
days transaction details of a co. whether it is small or
big. It covers day to day receipts, payments, any contra,
sales, purchase etc. any transaction depending upon on the
co.
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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