why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?

1 Answers   DuPont,

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WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?

0 Answers  

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Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

0 Answers   Wipro,

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what will be the journal entry-discount rs 2000 allowed to mr x.and discount received rs 2000 from mr x.actually i am confused that in the first entry both discount a/c and mr x a/c will be credited as per the accounting standards.please help experts.thanks

4 Answers  

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Name three (3) fixed-income security types

2 Answers  

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If chq of Rs. 15000 bounced then how to enter reverse entery > Voucher Type....

4 Answers  

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examole of cash to cash contra entry

0 Answers  

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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  

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What is Inter branch accounts reconciliation

2 Answers  

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calculation of coast of goods sold

6 Answers   Capital IQ,

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Why do we transfer all indirect exp. in P&L A/c by journal Entries in Tally.

2 Answers  

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amount drawn from propritors s b a/c Rs : 10000/-, intridused in propritors current A/c same amount, and same Rs :10000/- withdrawn by the propritors. please pass the entries for this transaction in double entry system.

2 Answers  

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