Interested to Buy Any Domain ? << Click Here >> for more details...
What will be journal entry of cost of goods sold.
- 21 Answers
- 44765 Views
- Cura HealthCare, Ernst Young, I also Faced
- E-Mail Answers
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
Tell me what is “deposit in transit”?
What is the definition of accounting?
What is ppe in accounting?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
Which forms in use in service Tax, Excise duty and Vat for the return.
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
what is the relationship between bookkeeping and accounting?
Dillution effect on EPS
What are the advantages of computer accounting over paper accounting?
What is the journal entry of building rent and TDs payment?
AL+w button lanunches the .............. installed web brower
What is purchase returns accounting
What do you mean by material facts in accounting?
What have you read in the newspapers in the last few days that particularly interested you?
