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Who has to prepare credit note and debit note? whether the account department or the concerned department like, purchase department, sales department.
4 10448Post New Accounting General Questions
Describe me accounting rules
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
Explain which accounting application you prefer most and why?
What are the types of liabilities accounts?
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
How P/E ratio usefull to the different people?
MEANING OF RED HERRITING
Define overhead in terms of accounting?
How you can adjust entries into account?
Who created snapit accounting?
What is the use of form D in sale tax
What qualification do you need to become an accounting professional?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
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.
What is the dual aspect concept?
