Pls help anybody... confused in these question
ali (Student CA CPT ) (130 Points)
16 March 2014ali (Student CA CPT ) (130 Points)
16 March 2014
jagdish hirapara
(I am final year studeny)
(30 Points)
Replied 16 March 2014
sachin
(student)
(113 Points)
Replied 16 March 2014
Ans. 2 Let Purchase is =x
Then, Sale is = x+350000
and there is no opening stock & closing stock according to querry, so Gross Profit is =350000
Manager Commission is 10% of Net Profit = 25000
so, Net Profit is =25000*100/10= 250000
Total Expenses is =350000-250000=100000
in this Rs.100,000, 25,000 is Manager Commission so, Direct and indirect expense is Rs.75000
(100000-25000). :)
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 16 March 2014
a)Rs195000
4th April | 160000 | |||
Value of stock sold during 1st to 4th april | 40000 | Cost | Sale | |
20000 | 15000 | Damaged | ||
20000 | 25000 | Good | ||
Stock Valued on 31st March | Cost | Valuation** | ||
Damaged Stock | 20000 | 15000 | ||
Remaining Stock | 180000 | 180000 | ||
195000 | ||||
** Valuation of Stock at | ||||
Cost or NRV, whichever is lower |
b) Rs 100000(incl.Manager Commission)
Vivek Raj
(Accountant)
(24 Points)
Replied 16 March 2014