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Some accounts doubts


kapil abhishek (student)     20 April 2011

kapil abhishek
student 
 9 likes  293 points

| My Other Post

hello friends

i have some doubts while preparing trading and p/l accounts for single entry system

question mai dia hua hai ki cash sales are 33.1/3% of net credit sales, or fir solution mai author ne 25% of total sales lia hai , aisa kyu? or kaise banate hai ye equation?

2nd question hai ki sales returns are 1/7 of gross credit sales, and again solution mai 1/6 of net credit sales lia hai author ne, vcan u help me out ?

pls tell me ki kaise banti hai ye equations???


(Guest)

simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used..

 

you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th

likewise same  profit on SP will be 25/125=20% or 1/5th.

 

so in you problem  TOTAL SALES = CASH SALE + CREDIT SALE 

hence the equation will be   CASH SALE = 1/3rd on CREDIT SALE 

like wise same CASH SALE will be  CASH SALE = 1/4th on TOTAL SALE

2 Like

(Guest)

Originally posted by : vinnzz
simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used..
 
you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th
likewise same  profit on SP will be 25/125=20% or 1/5th.
 
so in you problem  TOTAL SALES = CASH SALE + CREDIT SALE 
hence the equation will be   CASH SALE = 1/3rd on CREDIT SALE 
like wise same CASH SALE will be  CASH SALE = 1/4th on TOTAL SALE

agreed

1 Like
avater

Santhosh Poojary (SIEMPRE AHÍ PARA TI)     21 April 2011

Santhosh Poojary
SIEMPRE AHÍ PARA TI 
 2659 likes  15587 points

View Profile | My Other Post

 

Originally posted by : vinnzz
simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used..
 
you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th
likewise same  profit on SP will be 25/125=20% or 1/5th.
 
so in you problem  TOTAL SALES = CASH SALE + CREDIT SALE 
hence the equation will be   CASH SALE = 1/3rd on CREDIT SALE 
like wise same CASH SALE will be  CASH SALE = 1/4th on TOTAL SALE

 Very Well Explained.

avater

Arniv Sharda (CA Final)     21 April 2011

Arniv Sharda
CA Final 
 394 likes  3006 points

View Profile | My Other Post

Originally posted by : vinnzz
simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used..
 
you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th
likewise same  profit on SP will be 25/125=20% or 1/5th.
 
so in you problem  TOTAL SALES = CASH SALE + CREDIT SALE 
hence the equation will be   CASH SALE = 1/3rd on CREDIT SALE 
like wise same CASH SALE will be  CASH SALE = 1/4th on TOTAL SALE

very good 

cheers


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