In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

0 Answers  

---

what is accrual income ?

15 Answers   Capital IQ, Cognizant, Genpact,

---

what is diffference between retail invoice and tax invoice ?

2 Answers   Octopus,

---

Short Answer on _________National Debt

1 Answers  

---

What are two questions that an owner might be able to answer by looking at accounting information?

4 Answers  

---

What is Exgratia???

1 Answers  

---

What is a share?

1 Answers  

---

If grant is receivable by head office, but it is directly received by branch then what entries should be passed in branch and head office in tally

2 Answers  

---

what is goodwill? goodwill what kind of asset for the company?tangible or intangible asset? how much improtant for the company?

6 Answers   Genpact,

---

what is deferred revenue expenditure?

10 Answers   Capital IQ, EIS,

---

Expand F A Qs

2 Answers  

---

Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three

1 Answers   Dubai Group,

---