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Answer Posted / lokesh
its a income, not in the form of cash at present
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What is Acquisition?
barwaha
what are the financial ratios that a manager see in accounting?
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
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Expand-------IETF
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Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
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