Cost of Purchase of Raw Material
This query is : Resolved
19 February 2011
Y Ltd.purchased 500 units of raw material @ Rs15/unit gross less 10% Trade Discount.Sales tax is chargeable @5% on Net Price.The Exice Duty element on the product is Rs 12/unit against which MODVAT can be claimed.The Company spent Rs 1000 on transportation and Rs 500 for loading and unlaoding.Calculate the Cost of Purchase of Raw material
19 February 2011
Cost of purchase of raw material=Rs.13,387.50
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19 February 2011
Thanks Sir
please tell me how to calculate.Just give me fully solved answer.
please tell me how to calculate.Just give me fully solved answer.
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