Accompanying data for the year

Assignment Help Accounting Basics
Reference no: EM13904081

Mr. X submits you the accompanying data for the year finished March 31, 2009: 

Rs.

 Stock as on April 1, 2008

1,50,000

Purchases

4,37,000

Manufacturing expenses

85,000

Expenses on sale

33,000

Expenses on administration

18,000

Financial charges

6,000

Sales

6,25,000

Gross benefit is 20% of offers. 

Register the net benefit of Mr. X for the year finished March 31, 2009. Additionally plan Trading & Profit & Loss A/c.

Reference no: EM13904081

Questions Cloud

How do i record a loan payment which includes paying : How do I record a loan payment which includes paying both interest and principal?
What is the difference between a debit and a debit balance : What is the difference between a debit and a debit balance?
Provision for dicey obligations : Provision for dicey obligations is to be kept at Rs. 500 (c) Depreciate plant and apparatus
Trading and profit and loss account : Prepare a Trading and Profit and Loss Account and a Balance Sheet in the wake of considering the accompanying conformities
Accompanying data for the year : Mr. X submits you the accompanying data for the year finished March 31, 2009
What is the difference between cost and price : What is the difference between cost and price?
Income costs and gross benefit : Income costs and gross benefit offsets of M/s ABC Traders for the year finished on March 31, 2009
What is the difference in salaries between a bookkeeper : What is the difference in salaries between a bookkeeper and an accountant?
Set up a trading account : From the accompanying data, set up a Trading Account of M/s. ABC Traders for the year finished March 31, 2009:

Reviews

Write a Review

Accounting Basics Questions & Answers

  The market price of clarences common stock was 4 5 and 8

condensed balance sheet and income statement data for clarence corporation appear below.clarence corporation balance

  Rocky mountain corporation makes two types of hiking

rocky mountain corporation makes two types of hiking boots-xactive and the pathbreaker. data concerning these two

  Does the aicpa code of professional conduct

Does the AICPA Code of Professional Conduct discuss the collegial responsibilities of CPA firms?In your opinion,were representatives of either Ernst & Young or Kenneth Leventhal &Company unprofessional in this regard during their congressional tes..

  Advantages and disadvantages of forming the business

Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation.  Recommend which option they should pursue. Justify your respo..

  The balance in the capital accounts were

The balance in the capital accounts were

  How should the costs should be allocated

What ethical issues, if any does Smith face in this scenario? In your opinion, how should the costs should be allocated?

  The selling divisions unit sales price is 25 and its unit

the selling divisions unit sales price is 25 and its unit variable cost is 15. its capacity is 10000 units. fixed costs

  Studying consumer behavior

In this module we are studying consumer behavior. An organization cannot persuade a customer to purchase a product or service without understanding the basics of "how people buy."

  What is chambers expense associated with organization cost

Chamber intends to capitalize and amortize intangibles over the maximum allowable period in accordance with generally accepted accounting principles. Based on this strategy, what is Chambers's expense associated with organization costs in 2017?

  Manufacturing overhead costs

Explain why manufacturing overhead costs cannot be directly associated with any particular product, and how such costs are allocated to each of several company's products under the so-called traditional approach to overhead allocation.

  The income statement for a corporation for the month of

the income statement for a corporation for the month of december indicates a net income of 120000. during the same

  On july 1 2010 stine co purchased 100000 of 8 bonds for

on july 1 2010 stine co. purchased 100000 of 8 bonds for 97687.4 plus accrued interest as an available-for-sale

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd