| Originally posted by : PARUL | ||
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→As opening stock comes on debit side of Trading & its understated by 20,000, It'll overstate profit by Rs. 20,000
→Closing Stock overstated by 25000, credit side is more, again profit is overstated by 25k |
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Now Downloading ---> IPCC Notes /forum/all-my-ipcc-notes-218078.asp#.UNChHuRy0aY
Did you guys get 33,000 in Gross Purchases or something else?
| Originally posted by : PARUL | ||
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A monopolist can control ________ (a) Both price and output (b) Either price or output (c) Neither price nor output (d) none |
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Either Price or Output
| Originally posted by : harish ragav | ||
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@ aditya Pls post full quest |
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I don't remember :(
The only thing I remember is
Purchase Return was given - 5000
| Originally posted by : harish ragav | ||
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Originally posted by : Gaurav Mohnani why no entry dude ?? ans is 100% correct but i couldn't explain why it is bcoz u didn't post the full question..... |
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Yes ans is correct it is irrelevant when he deposited the in the bank, we've paid him we'll make entry for the same on same day! it can be used only for reconcilation :)
| Originally posted by : harish ragav | ||
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@ adtiya R u really sure about that no entry will psssed? Bcoz am also little bit confused about that... |
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99.99% sure :P :)
the answer for understating and overstating was----- profit will be overstated by 45000
100 % SURE
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