Interested to Buy Any Domain ? << Click Here >> for more details...
cost of normal waste of material under contact costing is
debit to :
1)contract a/c
2) trading a/c
3) matrial a/c
4) profit and loss a/c
- 2 Answers
- 5072 Views
- I also Faced
- E-Mail Answers
Answer Posted / sandeep rao
PROFIT AND LOSS
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
What are the accounting events that are frequently involved in compound entries?
What is computerized accounting?
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
What do you mean by balancing of ledger account?
difition of reserve & surplus
What is the provision?
when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.
What is an interlocking accounting system?
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
what is gl a/c? & why is it maintain
Tell me entries to revenues accounts such as service revenues are usually?
what is the deference between depreciation explanation
