What will be journal entry of cost of goods sold.
Answer Posted / sunil pandey
Cash or Bank or Party Name Rs. 10000/- Dr
To Goods(Material sales) Rs. 10000/-
(Being Good sold for Rs. 10000/-)
| Is This Answer Correct ? | 6 Yes | 11 No |
Post New Answer View All Answers
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
How can you made payment when bill come from vendor, what is the bills have you check.
Tell me how many types of business transactions are there in accounting?
List out things that fall under intangible asset?
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.
what is miscellaneous expenditure??
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
pls let me know double entry of 'LEASING"
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
Tell About ur self what will i say plz help me
Explain me scrap value in accounting?
What elements of your job do you find most difficult?
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
Where should tds received should show in balance sheet?
Tell me what is public accounting?