Some accounts doubts

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kapil abhishek

student

235 Points Posted on 20 April 2011

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???

Replies (4)

Guest

Posted on 20 April 2011

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

Guest

Posted on 20 April 2011

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

Santhosh Poojary

SIEMPRE AHÍ PARA TI

9512 Points Posted on 21 April 2011

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.

Arniv Sharda

CA Final

2723 Points Posted on 21 April 2011

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