Is it possible to change the accounting period under Indian
GAAP from 1/Apr-31March to 1/January-31/December?
There is any restriction in doing that, i mean for example
for fisal purposes?
Thank you all!
Answer Posted / utpal bora
yes.i donot think there is any restriction in law.but is
very taff.
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
what is the meaning of written-off as goodwill written-off
Recent banking question for 2015 interview for scale2 exam of sbm
What are the steps involved in project implementation?
what is the meaning of banking
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.
What is the difference between personal account real account and nominal account?
how to pass entry in tally Rs 50000 cheque paid to son by father
What is "deposit in transit"?
what is groups and and ledgers in tally can you give why we need to prepare them
Define scrap value in accounting?
total assets are equal to total liabilities in final accounts ?why?
Explain purchase day book.
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
what is subscription order
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies