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ong>Answer:

Generally accepted accounting PRINCIPLES (GAAP) refer to a COMMON set of accounting principles, standards, and procedures issued by the Financial Accounting Standards BOARD (FASB). ... GAAP AIMS to improve the clarity, consistency, and comparability of the communication of financial information.

Explanation:

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ong>ANSWER:

Bin Card implies a document which records the quantity of MATERIAL received by, ISSUED to and REMAINED in stores. Conversely, Stores LEDGER is a ledger account (accounting record), that maintains the record of the transit of goods in and out, the stores, both in quantitative and monetary terms.

Hope it's help you

ong>EXPLANATION:

COGS = (OPENING stock + purchase+direct EXPENSES if any) - closing stock.

this is one of the formulae but cogs has many formulae

ong>Answer:

ADVERTISEMENTS: When all the PARTNERS of a FIRM are declared insolvent or all but one partner are insolvent, then the firm is compulsorily dissolved. (ii) Illegal Business: The activities of the firm may BECOME illegal under the changed circumstances.

:)

A Memorandum of Association (MOA) represents the charter of the COMPANY. It is a legal document prepared during the formation and registration process of a company to define its relationship with shareholders and it SPECIFIES the objectives for which the company has been formed.

:)

ong>Answer:

GDP Deflator = Nominal GDP/ REAL GDP *100

= 320000/ 280000 *100

= 114.29

ong>Answer:

The STATES use TWO primary methods to determine a company's tax exposure: allocation and apportionment. Allocation is used to designate the non-business income to a SPECIFIC STATE or local tax authority. Apportionment is used to assign the business income AMONG the states.

where is your QUESTIONS

.

Explanation:

1- C,D.

2- B,C,D.

3- A,B.

4- B,D.

ong>Answer:

ANAND, chandru and vijay

are partner's sharing profil

oss in the ratio of 9:21 Theis BALANCE sheet on 31.3.2018

Ralownte sheet as on

as follows

31-3-2018

Particular

2

Particulas

itors

15000 CASH in BANK hand. 150

and's loan

5ooo

16

Debtors

Payable 10,000

8000

Bills Receivable

K loan

Cash at Bank

22000

bit & Loss Alc

tals: Anand

.

ong>Answer:3:2. On April 1, 2015 they ADMITTED John as a new partner with 1/6 share in profits of ... For example, X,Y and Z are partners in a firm sharing profits in the RATIO. 3:2:1. ... For example, if the PAST average profits of a business WORKS out at RS. 20,000 ... The above calculation of goodwill is based on the assumption that no change.

Explanation:

ong>ANSWER  6:2:2

OLD ratio (A : B) = 7 : 3

Sacrificing ratio = Old ratio * suurender share

A's sacrificing ratio = (7/10) * (1/7) = 1/10

B's sacrificing ratio = (3/10) * (1/3) = 1/10

New share = Old share - sacrificing ratio

A's new share = (7/10) - (1/10) = (6/10)

B's new share = (3/10) - (1/10) = (2/10)

C's share = Sacrificing ratio of A and B

Explanation:

6:2:2

Old ratio (A : B) = 7 : 3

Sacrificing ratio = Old ratio * suurender share

A's sacrificing ratio = (7/10) * (1/7) = 1/10

B's sacrificing ratio = (3/10) * (1/3) = 1/10

New share = Old share - sacrificing ratio

A's new share = (7/10) - (1/10) = (6/10)

B's new share = (3/10) - (1/10) = (2/10)

C's share = Sacrificing ratio of A and B

SORRY did not understand

Explanation:

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A negative rate is used to correct the cost of PRODUCTION by deducting the AMOUNT of over absorbed overheads. The supplementary rate is calculated by dividing the under or over absorbed amount by the actual base.

ong>Answer: From the following Balance Sheet and information of Sun Ltd., prepare CASH Flow Statement: PARTICULARS Note No. ... I. EQUITY AND LIABILITIES ... 2019. (₹). 31st March,. 2018. (₹). 1. Share Capital. Equity Share Capital ... calculated on the VALUE as on 31st March, 2018 as Rs. 1,00,000 Preference Shares ...

EXPLANATION:

ong>Explanation:

A factory uses job costing. GIVEN DETAILS obtained from its books: Direct MATERIALS – Rs.90000, Direct wages – Rs.75000, Selling OH – Rs.52500, Administration OH – Rs.42000, Factory OH – Rs.45000 & Profit – Rs. 60900. CALCULATE cost of production?

sh voucher is a standard form used to document a petty cash payment. When SOMEONE WANTS to withdraw cash from the petty cash fund, that person fills out the cash voucher to indicate the reason for the WITHDRAWAL, and receives cash from the petty cash custodian in exchange.

Explanation:

According to this method labour TURNOVER is measured by DIVIDING the total number of separations during a period by average number of WORKERS on the pay-roll during the same period. (iii) Flux Rate Method: The method takes into account both the number of REPLACEMENTS as well as number of separations.

a. Cash Dr 175000

To capital Cr 175000

(Being BUSINESS started with cash.)

b. Purchase Dr 50000

To Rohit Cr. 50000

(Being Goods bought from Rohit.)

C. Manish. Dr20000

To Sales Cr. 17500

To profit on sale of goods Cr 2500

(Being Goods sold to Manish and Received sales on profit.)

d. Furniture. Dr 10000

To Cash /Bank Cr. 10000

(Being furniture bought for office use.)

e. Rohit. Dr. 50000

To Cash Cr. 48500

To Discount Received Cr 1500

(Being amount paid to Rohit and discount Received.)

f. Cash. Dr 20000

To Manish Cr. 20000

(Being amount received from manish in cash.)

G. Rent. Dr 1000

To cash/ Bank Cr 1000

(Being rent paid in cash/ Bank.)

h. Drawing Dr 73000

To Bank Cr 73000

(Being cash withdrawal for PERSONAL use.)

This is the CORRECT answer FRIEND

The unit cost is the price INCURRED by a COMPANY to PRODUCE, store and sell one unit of a particular product. Unit costs INCLUDE all fixed costs and all variable costs involved in production. Cost unit is a form of measurement of volume of production or service.

ong>Answer:partner, ratio in which the profits and the losses will be shared by the partners and entitlement ... amount of capital contributed by him in the firm as a matter of RIGHT. ... All items like share of profit or loss, INTEREST on capital, drawings, interest ... Loss Account for the year ending March 31, 2015 was RS. 35,660.

Explanation:

CURRENT MARKET value

HELPFUL to you

ong>Answer:

Unique identifying number TRANSACTION DATE Transaction description

A journal VOUCHER is a document on which is stored the essential information about an ACCOUNTING transaction. This voucher contains the following information: Unique identifying number. Transaction date. Transaction description.

MACHINERY A/c DR 30000

      To Cash A/c                 30000

(being machinery PURCHASED)

ong>Explanation:

Income TAX PAID by the proprietor is on the personal income of the proprietor as business do not have income. It is not a expenditure of the firm. It is a form of DRAWING by the proprietor and is deducted from the CAPITAL of the firm as it leads to outflow of proprietor's capital fund from the business.

ong>Answer:

2 (C): Classify the ACCOUNTS into Assets, Liabilities, Income, Expenditure and Capital (3M)

(1) Goods A/C

(2) Wages A/C

(3) Loan A/C

(4) Debtors A/C

(5) Creditors A/C

(6) FURNITURE A/C

(7) Bills Receivable A/C (8) MEENA's Capital A/c (9) Drawing A/C

(10) Discount A/C

(11) RENT RECEIVED A/c (12) Building A/C

CANA

(A)cgst and IGST

i HOPE so its helpful

( A ) . An expense

Explanation:

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ong>Answer:

Firstly, NOTE that all types of discounts on purchases (e.g trade discount, cash discounts, REBATES, etc) are treated as indirect REVENUE (DEBIT for decrease & credit for increase).

Trade Discount: 20% of 10,000 = Rs. 2,000

First scenario: Cash/Cheque Purchase.

In this case, the journal entry will be as follows:

Dr. Purchases Account(purchase of goods alc) Rs. 10,0000

Cr Trade Discount Account Rs. 2,000

Cr Cash/Bank Account Rs. 8,000

Second scenario: Credit Purchase.

In this case, the journal entry will be as follows:

Dr. Purchases Account(purchase of goods alc) Rs. 10,0000

Cr Trade Discount Account Rs. 2,000

Cr Accounts Payables (Govind) Rs. 8,000

Hope this reply helps

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here is your answer

HOPE its help you

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ong>ANSWER:

PERSONALLY, I wouldn't have done it that way. So here is how I would've done it:

Method 1:

2–√=1+1−−−−√=1+12−18+⋯≈1+12−18=118=1.375

Explanation:

OPTION (C)

Explanation:

300,000-50,000+70,000

आज हम आपको एक प्रेरक कथा के बारे में बता रहे हैं, जिसे पढ़कर आप भी प्रभावित हुए बिना नहीं रहेंगे। इस कथा के केंद्र में एक विशाल पेड़ और चिड़िया है। एक समय चिड़िया के जवाब को सुनकर देवराज इंद्र भी अचंभित हो जाते हैं, उससे उनको बड़ी शिक्षा मिलती है और प्रसन्न होकर वे उसे एक वरदान देते हैं। आइए पढ़ते हैं यह प्रेरक कथा।

एक समय की बात है। एक शिकारी था। उसे एक रोज कोई शिकार नहीं मिला। वह गुस्से में तीर और धनुष लेकर घने वन के अंदर चला गया। वह शिकारी अचूक निशाना लगाता था। उस दिन घने वन में उसे हिरणों का जोड़ा दिखाई दिया। उसने निशाना साधकर बाण चला दिया, निशाना चूक गया और हिरण वहां से भाग गए। वह जहरीला तीर एक विशाल वृक्ष में जाकर लग गया। उस बाण में इतना तीक्ष्ण जहर था कि उसका दुष्प्रभाव उस वृक्ष पर दिखने वाला था। यह बात शिकारी को पता थी। वह वहां से घर चला गया।

this is the CORRECT answer of this QUESTION

(d) DINING table of RS 30000 given to his Friend as gift

Explanation:

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1) 20

2)40

3)60

4)80

5)100

6)120

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EXPLANATION:

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ong>Answer:

A Trial Balance provides a good CHECK on the accuracy of the work done in preparing the ledger accounts. When the total of the DEBIT BALANCES agrees with the total of credit balances it is quite a good proof that the ledger accounts have been correctly written up.

ong>ANSWER:

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ong>Answer:

ENVIRONMENTAL accounting is a field that identifies RESOURCE use, measures and COMMUNICATES COSTS of a COMPANY's or national economic impact on the environment

ong>Answer:

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ong>ANSWER:A: It is a RULE to find respective prices should be mixed to give a mixture at a given price. ... price is Rs.M per unit, then the two ingredients must be mixed in the ratio: ... Example 1: In what RATION two varieties of tea one costing Rs.27 per KG and ... WORTH Rs.30 per kg. how much should be the quantity of second variety of tea, ...

Explanation: