Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Illustration of marked up by an additional amount
E Limited sent goods to its branch in Thika invoiced at selling price, which was cost plus 505 of cost. On 1st July 20X2, the opening stock in Thika was Shs 3 million at selling price. Goods at selling price of SHS 16.5 million were received by Thika in the year ended 30th June 20X3.
Branch Stock A/C
20X2
Shs 000
20X3
Jul 1
Balance b/f
3,000
Jun 30
Cashbook/debtors
16,800
June 30
Sundry a/c
16,500
Feb 28
Branch Markup a/c
1,600
Balance c/d
4,300
21,100
Balance b/d
Branch Mark Up A/C
Branch profit and loss a/c
6,400
July 1
Bal b/f
1,000
Bal c/d
1,700
Branch stock a/c
5,500
_____
Branch stock
8,100
Workings
a.
Sales
Selling price
Gross profit
Cost of sales
Sh ‘000’
Total sales
10,400
Marked up goods (75% X Shs 7.6m)
5,700
2,700
Normal sales
11,100
3,700
7,400
b.
Closing stock
Total
2,600
Marked up goods
1,900
900
2,400
800
petra corporation purchased P4,000 worth of merchandise on account terms 2/10, n?30, FOB shipping point. Prepaid transportation charges of P200 were added to the invoice.
balance sheet format
Q. What is Permanent Negotiating Machinery? Two Federation of Union All Indian Railway men's federation (AIRF) & National Federation of Indian Railway (NFIR) men have been reco
Track traversal: At the end of the learning process, the robot will return to the packing station. It will then wait for the user input in an innite loop. Once the user species a
Answer the following questions relating to Discounted Cash Flow (DCF) projections and valuations. (a) Michael Hudson asks a rhetorical question (tongue in cheek): "What's not
Agreements to settle property The trustee is not bound by such an agreement if it remains executory. If property has already been settled, the trustee can recover it unless it
Mr. Wong currently running a small manufacturing business. The Trial Balance of the business at 31 March 2011 is as follows:
The following information for the six months ended 31 December 2009 relates to the business of Mr N Morris: a) Opening cash (including bank) balance Rs 1,200 b) Productio
Illustration of Admission of a new partner XYZ have been trading as equal partners having capital contributions of £300,000, £250,000 and £200,000 respectively. They agreed
The business changed their policy with regards to the profit mark-upfrom 2018 to 2019 financial year. What was the changed.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd