Question & Answer: Page 1

Santhoshkumar asks : An invoice of purchase from Ajit for Rs. 20,000 was not recorded in the books. Which one is the correct rectifying entry, if the error is found after the preparation of the Balance Sheet? Dr. purchase A/c and Cr. cash A/c Dr. purchase A/c and Cr. Ajit A/c Dr. purchase A/c and Cr. suspense A/c Dr. profit and loss adjustment A/c and Cr. Ajit A/c

Tag : found,recorded,purchase,profit,preparation,rectifying,invoice,sheet,suspense

Category : Fundamentals of Accounting | On : 2012-02-26 06:57:41

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Monika says :

10/05/2012 08:14:44

Dr. profit and loss adjustment A/c and Cr. Ajit A/c

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Milan kanti das asks : a manufacturer fixed the price of an article at Rs 250. the rate of sales tax is 12%. a wholesellet bought it and sold the same to a retailer at a profit of 10%. the retailer sold at 15% profit. Calculate VAT paid by wholeseller and retailer.

Tag : rate,price,sold,wholesellet,retailer,wholeseller,sales,manufacturer,profit,paid

Category : Business Studies | On : 2012-02-12 09:38:26

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Shahana says :

15/02/2012 04:17:57

RS.70.95/- Wholeseller sold at 10% profit therefore selling price of the article is 275. so he pays 12% as sales tax which is 33. Retailer buys at 275 and sells at 15% profit where the selling price would be 316.25. 12% sales tax of it is 33.95 Whole seller and retailer together pays 70.95 as tax.

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Rajeev vashisht be mba asks : It it possible to time the market? Then what investment strategies can be followed to make profit?

Tag : time,make,investment,strategies,market,profit,poible

Category : Stock Market | On : 2011-11-26 08:42:06

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