What is the Journal Entry of Closing Stock (Raw Material) of
a manufacturing Company
Answer Posted / raghu.v.
We can't pass cls entry for this ,Its opening stock to next
year.
Raghu.v.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
Can you name any other accounting application?
Detail your responsibilities in accounts receivable
How the MIS format made up in XL.
what are the voucher entries in tally for medical insurance
what is miscellaneous expenditure??
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 are the differences between accounting and auditing?
Debit Card Come Under Which group in Tally 9?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
Other accounting interview questions to expect when you interview for an accountancy job include:
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
Mention the types of accounts involved in double entry book-keeping?
how do made in finalization
Contrast bookkeeping and accounting
Is financial accounting necessary?