How does Cheques work while processing it in SAP? What are the effects and the methods.

0 Answers   IBM,

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what are the nationalised banks?

2 Answers  

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What is the basic difference between bond and debenture? it,s very urgent please guys give me a quick reply

5 Answers   Capital IQ,

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Hi I want to know what is Capital Work In Progress , how to calculate the Capital Work In progress.

1 Answers  

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Explain what is the disadvantage of double entry system?

0 Answers  

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A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?

0 Answers   FIC,

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What is difference between accounts and finance?

11 Answers   Genpact,

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What is the journal entry for Prepaid expenses?

5 Answers   Amazon,

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ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.

7 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.

3 Answers  

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What do we mean by purchase return in accounting?

0 Answers  

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what is mean by account

2 Answers  

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