Advertisements
Advertisements
Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2017.
| ₹ | |
| Opening stock | 50,000 |
| Net sales | 11,00,000 |
| Net purchases | 6,00,000 |
| Direct expenses | 60,0000 |
| Administration expenses | 45,000 |
| Selling and distribution expenses | 65,000 |
| Loss due to fire | 20,000 |
| Closing stock | 70,000 |
Concept: undefined >> undefined
Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2017.
| ₹ | |
| Opening stock | 50,000 |
| Net sales | 11,00,000 |
| Net purchases | 6,00,000 |
| Direct expenses | 45,000 |
| Administration expenses | 45,000 |
| Selling and distribution expenses | 65,000 |
| Loss due to fire | 20,000 |
| Closing stock | 70,000 |
Concept: undefined >> undefined
Advertisements
Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2017.
| ₹ | |
| Opening stock | 50,000 |
| Net sales | 11,00,000 |
| Net purchases | 6,00,000 |
| Direct expenses | 45,000 |
| Administration expenses | 45,000 |
| Selling and distribution expenses | 65,000 |
| Loss due to fire | 20,000 |
| Closing stock | 70,000 |
Concept: undefined >> undefined
State the relationship between information and decision.
Concept: undefined >> undefined
What is an Accounting Information System?
Concept: undefined >> undefined
Give example of the relationship between a Human Resource Information System and MIS.
Concept: undefined >> undefined
Explain, using examples, the relationship between the organisational MIS and the other functional information system in an organisation.
Concept: undefined >> undefined
Describe how AIS receives and provides information to other functional MIS.
Concept: undefined >> undefined
‘An accounting report is essential a report which must be able to fulfil certain basic criteria‘ Explain?
Concept: undefined >> undefined
Enter the following transactions in sales (journal) book of M/s. Bansal electronics 2014:
September
|
01 |
Sold to Amit Traders as per bill no.4321 |
|
20 Pocket Radio @ 70 per Radio |
|
|
2, T.V. set, B and W.(6'') @ 800 Per T.V. |
|
|
10. Sold to Arun Electronics as per bill no.4351 |
|
|
5 T.V. sets (20'') B and W @ ₹ 3,000 per T.V. |
|
|
2 T.V. sets (21'') Colour @ ₹ 4,800 per T.V. |
|
|
22 |
Sold to Handa Electronics as per bill no.4,399 |
|
10 Tape recorders @ ₹ 600 each |
|
|
5 Walkman @ ₹ 300 each |
|
|
28 |
Sold to Harish Trader as per bill no.4430 |
|
10 Mixer Juicer Grinder @ ₹ 800 each. |
Concept: undefined >> undefined
M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2011 for ₹ 1,00,000. On July 01, 2012 another machine costing ₹ 2,50,000 was purchased. The machine purchased on April 01, 2011 was sold for ₹ 25,000 on October 01, 2015. The company charges depreciation @15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2016.
Concept: undefined >> undefined
What is meant by renewal of a bill of exchange?
Concept: undefined >> undefined
Give the performa of a Bills Receivable Book
Concept: undefined >> undefined
Give the performa of a Bills Payable Book
Concept: undefined >> undefined
Why is it necessary to create a provision for doubtful debts at the time of preparation of final accounts?
Concept: undefined >> undefined
What is meant by provision for doubtful debts? How are the relevant accounts prepared and what journal entries are recorded in final accounts? How is the amount for provision for doubtful debts calculated?
Concept: undefined >> undefined
What is retirement of a bill of exchange?
Concept: undefined >> undefined
Briefly explain the purpose and benefits of retiring a bill of exchange to the debtor and the creditor
Concept: undefined >> undefined
What adjusting entries would you record for the following:
Manager’s commission
Concept: undefined >> undefined
Distinguish between ‘provision’ and ‘reserve’
Concept: undefined >> undefined
