journal entry for goods withdrawn for personal use

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paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own residnce what will be the entry

3 Answers   Chartered Accountant,

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if we import purchase of $ 20000 /rs. 80. but when we payment the party the price of Rs. 50. then how we make entry of this type of purchase.

2 Answers  

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What is the Cash FLow and Examples

1 Answers  

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what do you consider to be the biggest challenge facing the accounting profession today?

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what is basic difference between accounting and finance

4 Answers  

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What is the entry of Bank Cheque Dishoner? Recieve the cheque from SBA Enviro Pvt. Ltd. on dated 5 Jan2012 of Rs.500000/-. It will be dishonered on dated 10Jan2012.

1 Answers  

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I am kind of confused between VAT and income tax! and am i supposed to use them both in the income statement?

1 Answers  

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what is ledger balance

3 Answers  

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Can pls tell me difference between simple cash book & accrued cash book?

1 Answers   Mphasis,

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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 is journal entry for cash received

11 Answers  

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