The following figures have been extracted from Katerina’s
books of account for the
month of April 2010:
$
Sales 460 000
Total variable costs 299 000
Total fixed costs 90 000
Profit 71 000
(d) Calculate the sales in dollars necessary to make a
profit of $100 000.
Tell me which accounting application you prefer most and why?
vat will be charged on any type of transportation ?
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Mention the types of accounts involved in double entry book-keeping?
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claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?
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My firm got Rs.1,00,000/- as consultancy charge after deducting Rs.10,000/- as TDS. Now we have to pay Rs.15,000/- as Service Tax. Net effect we will receive only Rs.75,000/-. How can i account this.
Foreign currency Valuation
Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?