kapil abhishek (student) (293 Points)
20 April 2011hello friends
i have some doubts while preparing trading and p/l accounts for single entry system
question mai dia hua hai ki cash sales are 33.1/3% of net credit sales, or fir solution mai author ne 25% of total sales lia hai , aisa kyu? or kaise banate hai ye equation?
2nd question hai ki sales returns are 1/7 of gross credit sales, and again solution mai 1/6 of net credit sales lia hai author ne, vcan u help me out ?
pls tell me ki kaise banti hai ye equations???
simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used..
you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th
likewise same profit on SP will be 25/125=20% or 1/5th.
so in you problem TOTAL SALES = CASH SALE + CREDIT SALE
hence the equation will be CASH SALE = 1/3rd on CREDIT SALE
like wise same CASH SALE will be CASH SALE = 1/4th on TOTAL SALE
| Originally posted by : vinnzz | ||
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simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used.. you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th likewise same profit on SP will be 25/125=20% or 1/5th. so in you problem TOTAL SALES = CASH SALE + CREDIT SALE hence the equation will be CASH SALE = 1/3rd on CREDIT SALE like wise same CASH SALE will be CASH SALE = 1/4th on TOTAL SALE |
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agreed
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 21 April 2011
| Originally posted by : vinnzz | ||
|
simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used.. you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th likewise same profit on SP will be 25/125=20% or 1/5th. so in you problem TOTAL SALES = CASH SALE + CREDIT SALE hence the equation will be CASH SALE = 1/3rd on CREDIT SALE like wise same CASH SALE will be CASH SALE = 1/4th on TOTAL SALE |
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Very Well Explained.
Arniv Sharda
(CA Final)
(3006 Points)
Replied 21 April 2011
| Originally posted by : vinnzz | ||
|
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simple equation hai.. agar profit cost price pe 1/3rd hai to selling price pe profit 1/4th ho jayega.. similarly agar profit cost price pe 1/5th hai to Selling price pe 1/6th ho jayega. Hamesha base ko increase dena hai. Its a short cut used.. you can understand this. for eg: if CP is 100, profit is 25 and SP is 125 , then profit on CP will be 25/100 =25% or 1/4th likewise same profit on SP will be 25/125=20% or 1/5th. so in you problem TOTAL SALES = CASH SALE + CREDIT SALE hence the equation will be CASH SALE = 1/3rd on CREDIT SALE like wise same CASH SALE will be CASH SALE = 1/4th on TOTAL SALE |
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very good
cheers
CAclubindia
