X of Kolkata sends out goods costing 1,00,000 to Y of Mumbai at cost + 25%. Consignor's expenses Rs. 2000. 3/5th of the goods were sold by consignee at 85000. Commisssion 2% on Sales +20% of gross sales less all commission exceeds invoice value. amount of commission will be.
Ans: Rs. 3083

Please tell me that sale & purchase a/c is nominal a/c or real a/c & also tell me the nature of a/c of purchase return & sale return

WE BOUGHT RAW MATERIAL ITEM IN CASH FOR AMOUNT 50000/- ON SAME DAY ,SUPPLIER INVOICING US IN THREE INVOICE AS 17000/-,17000/-,16000- FOR SAMEDATE WE PAID SAME AMOUNT ON SAME DAY & I PASSED ENTRY ON SAME DAY IN THREE SEPRATE VOUCHERS. IS IT CORRECT OR ITPOINT OF VIEW?

Hi

Sales were made in the month of March. But stock is not yet delivered to the customer. SO such stock can be included in valuation of closing stock as per AS-2 ?

Suppose if the stock is despatched in the month of April, then it amounts to be events occuring balance sheet date and accordingly adjust the financial statements???

Thanks...

X of Kolkata sends out gooods costing Rs. 1,00,000 to Y of Delhi. 3/5th of the goods were sold by consignee for Rs. 70,000. Commission 2% on sale plus 20% of gross sales less all commission exceeds cost price. the amount of the commission will be.
Ans Rs. 2833

How to calculate ?

Cost of machineery Rs.80000 and installation charges Rs.20000. The residual value Rs.40960 ans the useful life is 4 years. calculate the depricition under SLM method

my answer is Rs.14760

and Arihant institute answer is Rs.20000.
how to calculate deprecition

Dear Experts,
Creation of website....Charges incurred for this should be capitalised or not in case of a private limited company?
If yes then under which head (class of asset) i have to capitalise?
With regards,
Rajesh.

dear sir /madam
there is a serious query and it needs all of yours attention.Actually we had shares held in company as stock in trade but from last ten years there had been no trading of those stocks . Now we want those shares to treat as investment as our business line had changed, but our main problem is our accounts are maintained in tally 7.2 and we could not understand how to transfer stock to Investment in Tally 7.2

What is meant by terminal value of cash inflow in relation to modified internal rate of return method of capital budgeting?

Please explain in clear and simple language.

i need a definitation of journal