Interested to Buy Any Domain ? << Click Here >> for more details...
Describe the procedure for computing the loss of stock by fire.
- 1 Answers
- 5220 Views
- I also Faced
- E-Mail Answers
Answer Posted / nithesh
loss of stock by fire--------dr
to trading a/c
being loss accurde amount charged to trading account
profit & loss a/c------------dr
to loss of stock by fir
being loss debited to p&l a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
Expand-------ANTS
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
How can we calculate the total income of the company.
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
what is buy bach shares?
define drawer or maker
what is ledger account
What's the meaning of Preferential Creditor?
about tally erp9
what do u mean by comparative budget?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
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
EXPAND___________NAA
