Dear Sir/Madam,

Consider the following for Alpha Co. for the year 2005-06:
Cost of goods available for sale Rs.1,00,000
Total sales Rs.80,000
Opening stock of goods Rs.20,000
Gross profit margin Rs.25%
Closing stock of goods for the year 2005-06 was
(a) Rs.80,000
(b) Rs.60,000
(c) Rs.40,000
(d) Rs.36,000.

ANS: Rs.60000.

Please tell how to calculate?

49. A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs 100000. Repairing expenses Rs 10000, printing expenses Rs 10000. B sold it at 20% margin on selling price. The sales value will be:
(a) Rs.125000
(b) Rs.150000
(c) Rs.100000
(d) Rs.140000

ANS: Rs.150000

Please tell how to calculate?

Please guide me in respect of Derivative Accounting that for MAY-11, which method is applicable.

Whether a traditional accounting prescribed before introduction of AS-30,31,32 or specific method suggested in AS-30,31,32.

plz tell the difference between cash flow statement & fund flow Statement

M/s XYZ Pvt. Ltd. receives the purchase bill dated 21.08.10 but the purchase entry is passed on 31.10.10. The accountant explains that they record the bill once the payment is made. Is this method correct? If not, then what is he correct method? Please explain.


Thank You,
Regards,
Devendra Kulkarni

HOW TO KNOW IN THE QUESTION THAT IS THERE A SURPLUS OR DEFICIENY WHEN THERE IS CHANGE IN METHOD OF DEPRECIATION.

PLEASE HELP.

We Purchase number of printer and same printer we delivery to customers on mps basis only we not rise sales bill against the printer now in my tally i have to take printer as in purchase or asset entry pls. let me know the answer.

Dear Sir,
How to mail the tally data please provide the step as well as examples.

One PSU has transferred some assets/money to another PSU under corporate social responsibility whether assets/money received by another PSU will be covered under AS-12 Govt Grant and what will be the accounting entries of assets/money in the books of the receipent PSU.

Thanks

treatment for business creditor directly paid by proprietor not brought into books