Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Journal entry for advance given 1000 from petty cash and 800 spent to puchase keyboard and mouse . 200 returned.
- 1 Answers
- 3051 Views
- Elite, I also Faced
- E-Mail Answers
Answer Posted / manoj
1:- Petty Advance A/C Dr 1000
To Cash/ Bank A/C Cr 1000
2:- Keyboard & Mouse A/C Dr 800
Cash / Bank A/C. B. Dr 200
To Petty Advance A/C Cr 1000
| Is This Answer Correct ? | 15 Yes | 0 No |
Post New Answer View All Answers
Do you know what is balance sheet?
Tell me why some asset accounts have a credit balance?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
what is loan operations and what are the complete process form from making customer to closure of loan
which report give the data of GL with materials details in sap?
Explain what is bank reconciliation?
What is dividend warrants?
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
What is the networth percentage observe by banks
Do you know company's payable cycle?
What is tds and how it is calculated?
Explain me is any difference between inactive and dormant accounts?
What is an ea in accounting?
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.
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
