sumwhere itz givn overstated by 45000... n next questn ka revenue...

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Aditya Mehta (Chartered Accountant) (63 Points)
Replied 18 December 2012

Originally posted by : PARUL

Opening stock understated by 20,000 Closing stock overstated by 25,000. The net profit is

(a) Overstated by 5,000 (b) Overstated by 45,000

(c) Understated by 5,000 (d) Understated by 45,000 isme opening stock understated hi aya tha?

→As opening stock comes on debit side of Trading & its understated by 20,000, It'll overstate profit by Rs. 20,000

→Closing Stock overstated by 25000, credit side is more, again profit is overstated by 25k
hence profit will be overstated by 45k

Aditya Mehta (Chartered Accountant) (63 Points)
Replied 18 December 2012

Now Downloading ---> IPCC Notes /forum/all-my-ipcc-notes-218078.asp#.UNChHuRy0aY

PARUL (12TH) (86 Points)
Replied 18 December 2012

A monopolist can control ________

(a) Both price and output (b) Either price or output

Aditya Mehta (Chartered Accountant) (63 Points)
Replied 18 December 2012

Did you guys get 33,000 in Gross Purchases or something else?

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Aditya Mehta (Chartered Accountant) (63 Points)
Replied 18 December 2012

Originally posted by : PARUL
	A monopolist can control ________ (a) Both price and output (b) Either price or output (c) Neither price nor output (d) none

Either Price or Output

Shubham kumar (.) (620 Points)
Replied 18 December 2012

A monopolist can controll ... i think it will be both price and output

harish ragav (student-IPCC) (407 Points)
Replied 18 December 2012

@ aditya Pls post full quest

Aditya Mehta (Chartered Accountant) (63 Points)
Replied 18 December 2012

Originally posted by : harish ragav
	@ aditya Pls post full quest

I don't remember :(
The only thing I remember is
Purchase Return was given - 5000

Aditya Mehta (Chartered Accountant) (63 Points)
Replied 18 December 2012

Originally posted by : harish ragav
	Originally posted by : Gaurav Mohnani why no entry dude ?? ans is 100% correct but i couldn't explain why it is bcoz u didn't post the full question.....

Yes ans is correct it is irrelevant when he deposited the in the bank, we've paid him we'll make entry for the same on same day! it can be used only for reconcilation :)