Interested to Buy Any Domain ? << Click Here >> for more details...
i have purchase goods for Rs.100 and company say you sell
this goods for Rs. 80 and raised a debit note for diffrence
amount and he fix 5 % commision on sales value what is
journal entry passed in tell with narration?
- 9 Answers
- 11348 Views
- I also Faced
- E-Mail Answers
Answer Posted / deva
Purchase a/c......Dr....100
To Creditor a/c.................100
Debtor a/c.....Dr.......80
Comm a/c.......Dr.......04
P&L a/c........Dr.......16
To Sales a/c....................100
| Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
what is casual receipt? is it exmpted in income tax?
What is trial balance? What does an accurate trial balance suggest?
Explain what knowledge should financial accountant have?
What is meaning of invoice?
Cash bill of sale so the company can deduct the amount.
Tell us in balance sheet, where do you show tds?
What is fractional code and how can i get a fractional code for a particular account?
I want to know the Payroll Accounting Questions
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.
Wha is difference between expenses and expenditure
What is project implementation?
What are the 4 principles of gaap?
What are accounting entities?
on what rate depreciation will be calculated?
give 3 reasons why capital is referred to as a special liability
