CHAPTER 12 Cost Sheet (or) Statement of Cost ELEMENTS OF COST Introduction Elements of cost are necessary to have a proper classification and analysis of total cost. Thus‚ elements of cost provide the management with necessary information for proper control and management decisions. For this purpose‚ the total cost is analysed by the elements or nature of cost‚ i.e.‚ material‚ labour and overheads. The various elements of costs may be illustrated as below: Elements of Cost ~ t
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cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚000 19.1.2011 Paid Ramu by cheque Rs.1‚50‚000 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25.1.2011 Paid an advance to suppliers of goods Rs. 1‚00‚000 26.1.2011 Received an advance from customers Rs. 3‚00‚000 31.1.2011 Paid interest on loan Rs. 5‚000 31.1.2011 Paid instalment of loan Rs. 25‚000 31.1.2011 Interest allowed by bank Rs. 8‚000 Analysis of transaction –with
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Reserve|bullion market|bullion Gold down by Rs 40 on poor demand Email this article Print this article Share on Reditt Newsvine Google Bookmarks Live Bookmarks Technorati Yahoo Bookmarks Blogmarks Del.icio.us ApnaCircle Tweet The author has posted comments on this articlePTI | Oct 6‚ 2012‚ 03.20PM IST NEW DELHI: Gold continued it downward spiral for the fourth straight day in the bullion market here on Saturday by losing Rs 40 to Rs 31‚480 per 10 grams on poor demand due to ’Shradhs’
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Air India is playing major role in Air transportation. In the year 1999-2000 total operating revenue was Rs. 38‚775.3 million and total expenses Rs. 47‚178.9 million‚ in this year Air India earned Rs. 8‚403.6 million incomes over than total expenses. In the year 2010-2011 total revenue was Rs. 142‚551.1 million and total operating expenses Rs. 164952.0 million‚ in this year Air India lost Rs. 22‚400.9 million. By year on year revenue is decreasing and it is going in loss nature. On 1999-2000 passengers
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clean. The cost of house keeping for the shop floor at present - |Salary of 1 cleaner |Rs.3900 | |Yearly salary of 6 cleaner | Rs. 280800 | |Total cost per year |Rs. 280800 | After going through the 5 S of KAIZEN – there was change
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MODULE - 4 Partnership Accounts Notes 20 RETIREMENT AND DEATH OF A PARTNER If you look around‚ you must have noticed people in your relation and in your neighbourhood running business in partnership. You must have seen people quitting partnership firm or a person dies while in partnership. These are the events that take place during the lifetime of a partnership firm. Some issues arise on the happening of these events involving finance. Some assets and liabilities may need revaluation‚ goodwill
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Balance Sheet for the year ended on 31st March‚ 2004. Trial Balance as on 31-03-04 (Rs. In ‘000) Dr. Cr. Purchases 21‚750 Discount allowed 1‚300 Wages 6‚500 Sales 30‚000 Salaries 2‚000 Travelling Expenses 400 Commission 425 Carriage inwards 275 Administration expenses 105 Printing exp. 600 Interest 250 Building 5‚000 Furniture 200 Debtors 4‚250 Capital 13‚000 Creditors 2‚100 Cash 2‚045 45‚100 45‚100 Stock on 31-03-2004 was Rs‚ 60‚00‚000. (a) Discuss the WDV and SLM methods of depreciation. Also mention
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purchased fixed assets of Rs. 200‚000 and sold fixed assets of Rs. 45‚000? ►Rs. 245‚000 ►Rs. 200‚000 ►Rs.1 55 ‚ 0 0 0 ►Rs. 45‚000 200000- 45000=155000 Question No: 3 ( Marks: 1 ) - Please choose one Selected information from SNT Company’s accounting records is as follows: o Cash paid to retired common shares Rs. 15‚000 o Proceeds from issuance of preferred shares Rs. 20‚000 o Cash dividends paid Rs. 8‚000 www.virtualinspire.com o Proceeds from sale of equipment Rs. 25‚000 On its cash flow
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largest)‚ but much smaller than the SBI. It has 950 branches‚ with 3‚500 branches across India. The bank has deposits of Rs 1.65 lakh crore compared to SBI‟s Rs 3.8 lakh crore (accumulated in a period of twelve years)‚ racking up a net worth of Rs 22‚000 against Rs 27‚000 for the State Bank of India. This represents Rs 9 crore business generated by each ICICI employee per year‚ compared to Rs 3 crore worth of business per employee of the ICICI. While the State Bank pays 4.7 percent on deposits‚ and earns
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Written analysis and Communication I Assignment 1: Kanpur Confectioneries Private Limited (A) Submitted to Prof. Gita Chaudhuri By Ankita Gupta Roll No. 1410120007 8.11.2014 School of Management and Entrepreneurship Gautam Budh Nagar‚ U.P.‚ 201314 interoffice memorandum to: Mr.ALok GuPta‚ chairman and managing director‚ KCPL from: Ankita Gupta‚ Executiv assistant subject: Report on A-one confectioneries offer date: Scrutinized report for the proposal from A-One confectioneries
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