A COMPANY HAS A FIXED COST OF RS.300000.

ON SALE OF 15000 UNITS WHICH IS EQUAL TO 40% OF MARGIN OF SAFETY, IT EARNED A PROFIT OF RS.60000/-.

CALCULATE THE FOLLOWING
1) BEP IN UNITS
2) TOTAL PRESENT SALES IN UNITS
(BCOM,MUMBAI OCT 2007.)

THANX IN ADVANCE
MY ID abhipcc@rediffmail.com

sir,

Can u tell me the procedure to create self generated goodwill in a business how will it reflect in our financial statements.

Kindly advice me.


Regards

chapter-insurance claim

in given problem total closing stock is rs.170000.
and opening stock included 40000 abnormal item.it EXPECTED abnormal item to be sold
at rs 16000.
in what should value taken to valuation of normal item/stock.
a) rs 130000
b) rs 154000

Dear experts please explain about challan/return in detail with due date applicable for remitence of TDS, VAT, and Service tax.

INCOME STATEMENT
SALES 90000
LESS: COGS
RM CONSUMED(20% OF COST OF SALES)
DIRECT WAGE(5% OF COST OF SALES)
DIRECT EXPENSES
TOTAL COGS (720000)
GROSS PROFIT 180000
LESS: OTHER EXP (150000)
NET PROFIT 30000

PLEASE CALCULATE RM CONSUMED,DIRECT WAGES,DIRECT EXP.

I CALCULATED 20% AND 5% ON COST OF SALES
I.E.SALES-NP=900000-30000=870000

BUT IN AINAPURE BOOK THEY CALCULATED IT ON COGS.

PLEASE EXPLAIN.

THANKS IN ADVANCE
ABHISHEK SINGH

Sir,

We are maintaining accounts in Tally.We want to split the data from the financial year 1st April,2010 for the financial year 2010-11.

Please clarify if we split the data we cannot view the data of the previous year.Is there any problem to view the data of the previous year.

Thanks

Where i got my bussness area code

Respected All,

A company is finalising its accounts for the year ended 2009-2010.

It has not received the telephone and electricity bills for the months of February and march.

What should the company do while preparing the balance sheet.

Can it show the amount of these two bills in the next financial year 2010-2011 and will these be allowed in income tax assessments in that year?

Regards,
Jyoti

Dear sir,
I am working in wine manufactoring company. We have recieved a subsidy from Ministry of food processing industry(MOFPI)in our loan account.It is given on the asset or expansion of wineries. I want to know the acconting entry for the same transaction.

waiting for reply
THANKS & REGARDS

we are a sole proprietor firm.we have issued cheques to parties on 31st march which have not been presented to the bank by parties & we have deposited some cheques which we have deposited but not cleared by bank.
kindly guide me regarding accounting entries for both cases in balance sheet.