Answer Posted / paramesh
consignment business the one off the agreement between consinee &Consinor the consinor goods sent to consinee
consinee a/c dr
to goods a/c
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
What is meant by calendar maintenance?
What do we mean by Redemption of shares and debentures?
Tell me what a deferred asset is and give an example?
Differentiate between consignor and consignee?
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.
Explain compound journal entry.
Tell us in balance sheet, where do you show tds?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
Who is debtor purchaser
What does a demo/presentation need to be effective?
Do you have any professional experience in this field?
why only 6 months interest is charged on drawings
What is general entries for Deffered Tax?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
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!
