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Question 1 The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000.
Sundry Debtors Rs.160000Bad Debts written off Rs 9000Discount allowed to Debtors Rs. 1800Reserve for Bad and doubtful Debts 31-12-1999 Rs. 16500Reserve for discount on Debtors 31-12-1999 Rs. 3200
You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%. Show the adjustments for bad debts, bad debts reserve, discount account, and provision for discount on debtors.Hint: RBD to be provided = 500Reserve for discount to be provided now =1640
Question 2 What is management accounting? Explain the roles of management accounting and write down about any 2 functions of management accounting
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#question1-50..
7 feed from control to planning It is realized these days more than even before that management control is primarily a human activity which should focus on how to help individu
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1. Compute the predetermined overhead rate.
What is Standard costing Standard cost is a predetermined cost. It is a determination in advance of production of what should be the cost. When standard costs are used for the
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