My question is- are tpt,freight & p & f charges part of
sales & purchase when it include in invoice. suppose if
goods value 20000 freight chrg 425.00 total sales will be
20425 or only 20000.00 how it will effect ?? pls clear

Answers were Sorted based on User's Feedback



My question is- are tpt,freight & p & f charges part of sales & purchase when it inclu..

Answer / dhara

hi,

The total sales will be of Rs. 20425

and the entry will be

Cash Dr. Rs. 20425
To Goods A/c Cr. Rs. 20000
To Freight A/c Cr. Rs. 425

Is This Answer Correct ?    10 Yes 3 No

My question is- are tpt,freight & p & f charges part of sales & purchase when it inclu..

Answer / accountant no 1. govdinda

Cash Dr. Rs. 20425
To sales A/c Cr. Rs. 20000
To Freight A/c Cr. Rs. 425

ok

Is This Answer Correct ?    8 Yes 3 No

Post New Answer

More Accounting General Interview Questions

i need to know the questions which are asked in the operational round in dell for finance and accounting process,.,

2 Answers  


where is entry done in tally of cheque bounce ???? Journal, Payment, Receipt, Contra

2 Answers  


what is journal entries

7 Answers  


what is the difference between cash flow statement and fund flow statement..

4 Answers   Deloitte,


How to make payment for single invoice and multiple invoices

0 Answers   Accenture,






please tell me what is journal entry for salary: Gross Salary 10000 and net salary 75000.

3 Answers   Synergy,


what is service tax rate for company/ indivisual?

1 Answers  


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.

0 Answers  


sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?

0 Answers  


HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.

0 Answers   HP,


what is tds and rate of tds

1 Answers  


What is the meaning of Stock valuation, and how ?

2 Answers  


Categories