ACCOUNTING QUESTIONS Marginal Costing Vs. Absorption Costing 1. During the current period‚ ABC Ltd sold 60‚000 units of product at Rs. 30 per unit. At the beginning for the period‚ there were 10‚000 units in inventory and ABC Ltd manufactured 50‚000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Current period costs: Direct
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marriage. The Indian wedding market is currently estimated at Rs 70‚000 crore. The matrimonial services saw a growth rate of 37% in India last year. This growth is not only because of the high society weddings‚ but even the middle class families are ready to spend on good services. The minimum budget spend on a wedding varies from Rs 10 lakh (Rs 1 million) for medium size weddings to the upper middle class segment which go beyond Rs 50 lakh (Rs 5 million). Online matchmaking is on the verge of a boom
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The salaries paid in 2004 is Rs. 5‚00‚000; Salaries outstanding is Rs. 20‚000; Salaries paid in advance for 2004 is Rs. 30‚000. What is the actual salary expenditure for 2004? Which accounting principle is involved in this and explain that principle. 3. Find the value of the following: a. If the total assets are Rs. 87‚000 and the liabilities are Rs. 47‚000‚ find out the amount of capital. b. If the capital of proprietor is Rs. 4‚00‚000 and the total assets are Rs. 6‚00‚000‚ what is the amount
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CHAPTER 9 Ratio Analysis Introduction The analysis of the financial statements and interpretations of financial results of a particular period of operations with the help of ’ratio’ is termed as "ratio analysis." Ratio analysis used to determine the financial soundness of a business concern. Alexander Wall designed a system of ratio analysis and presented it in useful form in the year 1909. Meaning and Definition The term ’ratio’ refers to the mathematical relationship between any two inter-related
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finance funds requirements. What are the effects of this approach on the profitability and risk? (10) Section B 1. A project costs Rs. 5‚00‚000 and has a scrap value of Rs. 1‚00‚000. Its stream of income before depreciation and taxes during first year through five years is Rs. 1‚00‚000‚ Rs. 1‚20‚000‚ Rs. 1‚40‚000‚ Rs. 1‚60‚000 and Rs. 2‚00‚000. Assume a 50 percent tax rate and depreciation on straight line basis. Calculate the
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profit from the following: Rs. Share capital 10000 shares @ 10/- 1‚00‚000 Purchases 20‚000 Sales 1‚00‚000 Rent 20‚000 Salaries 10‚000 Interest received 40‚000 Advertisement 5‚000 General Expenses 2‚000 2) Prepare P&L A/C‚ P&L Appropriation A/C and B/S‚ from the following: Rs. Rs. Income Tax 40‚000 Advertisement 5‚000
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1. Fairdeals Ltd. presents the balance sheets as at 31.12.2009 and 31.12.2010 as follows: 31.12.09 31.12.10 Assets Rs. Rs. Fixed Assets at cost 31‚30‚000 36‚05‚000 Less: Depreciation 6‚80.000 8‚20‚000 24‚50‚000 27‚85‚000 Investments 12‚50‚000 13‚50‚000 Marketable Securities 60‚000 30‚000 Inventories 4‚10‚000 5‚20‚000 Book Debts 5‚30‚000 5‚05‚000 Cash and Bank 1‚20‚000 1‚40‚000 Preliminary Expenses 1‚00‚000 50‚000 49‚20‚000 53‚80‚000 Liabilities
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After completion of 25( twenty –five) years service you have further been allowed carreer advancement service benefit and enjoyed the scale of pay of Rs .4500-9700/= and your pay has been fixed at Rs .7200 /- which is not entitled to you . After rectification of your wrong fixation ‚ it is found that a sum of Rs./ Rs33‚850( RUPEES THIRY THREE THOUSAND EIGHT HUNDRED FIFTY only) has been overdrawn by you till 30.04.2011 In view of the above you are hereby requested
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Estimation of Demand for Supplementary Reading Material among students in Pune Prepared For: Mr. S. V. Godbole Pune March 2007 EXECUTIVE SUMMARY To estimate the demand for supplementary reading material for students (Medical and MBA) in Pune. Time for the project i) Total time: July 2006 to February 2007 ii) Fieldwork time: 25 days (January 2007) Objective 1) To estimate the demand for supplementary reading material for the next one year among the
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marginal 6% growth in its consolidated revenues to Rs. 216.55 crore in Q2CY’12 compared to Q2CY’11 while it’s bottom-line fell 2% to Rs. 43.70 crore which was lower than expectation. Growth in income was contributed by 7% growth in rating services revenues at Rs. 90.70 crore contributing 42% of total revenues and 10% growth in research services revenues at Rs. 113.28 crore contributing 52% of total revenues. Advisory services revenues fell 22% to Rs. 12.29 crore. Consolidated other income for the
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