Answer / bagal.pramod

on gross

what is a journal in accounting?

2 Answers  

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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

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I Want to Submit My Income tax return by efilling Personally,Can it possible. if yes please send me your help to submit the same.I Can calculate my computation of income.

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Which steps in Procurement to Pay process does FI documents get created.

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How to make bank reconcilition in sap fico ? pl. suggest

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Credit balance of suspense A/c will be shown in

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In sales entry, for sales tax what rule apples (real, nominal)

3 Answers   FIC,

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instead of clicking backup,i selected restore in tally7.2 and all my data is lost and i also forgot the comapny name,which i wanted to restore?how to recover my data?

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which opening balance should be taken after bank reco.

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hi friends how many types of vouchers there i know cash voucher, debit voucher, credit voucher, journal vourcher, purchase voucher, sales vouchers, if any other voucher is there pls tell me friends

4 Answers  

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1- Can ledger make without journal?

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How time sheets are maintained?

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