WHAT IS PROSPECTUS?
Answer Posted / clemo
is a document which the public is invited to subscribe to
the shares of the company it is an invitation to offer,
when a person applies for shares he makes offer to buy
shares and when the shares are alloited to the applicant it
result to acceptance of the offer resulting to a contract
between the offer and the member.
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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