P purchases a 50000. GST, exceeds ` 2,50,000. Here the same will be below ` 2,5...

Credit Purchases during the year amounted Rs. 2,30,00

GST, exceeds ` 2,50,000. Here the same will be below ` 2,50,000 [ 2 ,65 ,000 x 100/118]. Hence the liability is nil. (iii) B Balance of the ITC is shown in Electronics credit ledger. Electronic cash ledger shows the GST deposited to the credit of the Govt. The set off of GST and the balance liability is reflected in Electronic Liability ledger.P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011.The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Anthony J Cantone. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade …These 50,000 shares were purchased by Adam for P120 per share. On August 30, 2016, Bland distributed 50,000 stock rights to Adam. Adam was entitled to buy one new share of Bland Company for P90 cash and two of these rights. On August 30, 2016, each share had a market value of P and each right had a market value of P20.2. A company purchased assets of the value of Rs.1,90,000 from another company and agreed to make the payment of purchase consideration by issuing 2,000,10% debentures of Rs.100 each at a discount of 5%. Record necessary journal entries. 3. Rose Bond Limited purchased a business for Rs. 22,00,000.answered. P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011.254 Accountancy : Company Accounts and Analysis of Financial Statements Cash Outflows from financing activities l Cash repayments of amounts borrowed. l Interest paid on debentures and long-term loans and advances. l Dividends paid on equity and preference capital. It is important to mention here that a transaction may include cash flowsBeginning inventory P 50, Net purchases 150, Net sales 300, Percentage markup on cost 66%. A fire destroyed Joseph’s October 31 inventory, leaving undamaged inventory with a cost of P3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is. a. P17, b. P77, c. P80, d. P100, SOLUTION: Present Value Of An Annuity: The present value of an annuity is the current value of a set of cash flows in the future, given a specified rate of return or discount rate. The future cash flows of ...The investment is said to bring an inflow of Rs. 1,00,000 in first year, 2,50,000 in the second year, 3,50,000 in third year, 2,65,000 in fourth year and 4,15,000 in fifth year. Assuming the discount rate to be 9%. Let us calculate …The vendor now offers a quantity discount of $0.02 per box if the company buys pens in. Suppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order and carrying costs are $0.40 per box. Moreover, management has determined that the EOQ is 5,000 boxes. Note: The ordering costs and EOQ differ from ... Inventory limited reported goods sales numbers this quarter. The Gross profit was reported as better than in the previous quarter. The company reported 230,000 as of the opening stock, 450,000 as closing stock, and 10,50,000 as net purchases. You are required to compute the cost of sales for inventory limited. Solution:Jan 1, 2016 · A.On January 1, 2016, Company P purchases 100% of Company S voting stock for $800,000 cash, and Company P maintains Company S as a subsidiary. At the date of purchase, Company S reavealed the following: assets $900,000, liabilities $100,000, common stock, $300,000, and retained earnings $500,000. Required: A. answered. P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What is the annual payment required by the mortgage? If you could get a loan for 25 years but had to pay 9 percent annually, what is the difference in the annual payment? Step-by …3. PL Ltd. has three production departments P 1, P 2 and P 3 and two service departments S 1 and S 2. The following data are extracted from the records of the company for the month of October, 2020: (`) Rent and rates 12,50,000 General lighting 1,50,000 Indirect Wages 3,75,000 Power 5,00,000 Depreciation on machinery 10,00,000 Feb 25, 2023 · (a) Invested Rs. 4,00,000 cash and office equipment with Rs.1,50,000 in a business called Bobbie Consulting. (b) Purchased land and a small office building. The land was worth Rs. 3,00,000 and the building worth Rs. 7,00,000. The purchase price was paid with Rs. 2,00,000 cash and a long term note payable for Rs. 8,00,000. P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's beneficiary?To view recent purchases on Amazon, log into your account, and access the Your Account page. On the Your Account page, click on the yellow Your Orders button to access your order history.Study with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a …Prepare Trading and Profit and Loss Account and Balance Sheet from the following balances, relating to the year ended 31st March, 2019 : 1|c| そ 1|c| そ Capital 1,00,000 Wages 50,000 Creditors 12,000 Bank 10,000 Returns 5,000 Repairs 500 Outward Sales 1,64,000 Stock on 1st April, 2018 20,000 Bills Payable 5,000 Rent 4,000 Plant and 40,000 Manufacturing Expenses …5 Nis 2017 ... Purchases through Central Purchase Organisation (DGS&D) or other such agencies ... P. For example, if M&L are from India and P is in $, then Eo ...Goods Account is classified into five different accounts for the purpose of passing journal entries: A. Purchases Account: When goods are purchased in cash or credit, donated, lost, or withdrawn for personal use, in all these cases, Goods are denoted as Purchases A/c. Journal Entry: Goods purchased for cash. Goods Donated.A balance sheet needs to be prepared due to following reasons: 1. To show the financial position of a business. 2. To show much assets and liabilities a business has. 3. It serves as an information source for internal and external users. 4. It acts as a reference for balances that need to be carried forward. Account Title. Debit Amount Rs. Account Title. Credit Amount Rs. Opening stock. 10,000. Sales. 2,28,000. Purchases. 78,000. Capital. 70,000. Carriage inwards. 2,500 ...U.P. Sugar Works Ltd. was registered on 1st January, 2019 with an authorised capital of ₹ 15,00,000 divided into 15,000 shares of ₹ 100 each. ... Amrit Ltd. issued 50,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 4 on allotment (including premium) , ₹ 2 on first call and the remaining on ...Inventory limited reported goods sales numbers this quarter. The Gross profit was reported as better than in the previous quarter. The company reported 230,000 as of the opening stock, 450,000 as closing stock, and 10,50,000 as net purchases. You are required to compute the cost of sales for inventory limited. Solution:Use the following information for the next two ( 2 ) questions: Napier Company provided the following information on selected transactions during 2020: Purchase of land by issuing bonds 250, Proceeds from issuing bonds 500, Purchases of inventory 950, Purchases of treasury shares 150, Loans made to affiliated corporations 350, Dividends paid to ...Answer: PV of Annuity A=50000 interest rate for first 10 years r=7% interest ra …. 5. Mary purchases an increasing annuity immediate for 50,000 that makes 20 annual payments as follows: (i.) P, 2P, ...., 10P in years 1 through 10; (ii.) 10P (1.05), 10P (1.05),..., 10P (1.05) in years 11 through 20. The annual effective interest rate is 7% for ... What will be the balance of Allowance for Bad Debts on December 31, 2017? A. $11600 B. $11520 c. $13600 D. $2000, Cash purchase of merchandise inventory J = General journal S = Sales journal CR = Cash receipts journal P = Purchases journal CP = Cash Payments journal, Collection of dividend revenue earned on an investment.The cash and bank balance on 1st October is expected to be $1,500. Other information is given as follows: Plant and machinery are to be installed in August at a cost of $24,000. This sum will be paid in monthly installments of $500 each from 1st October. Preference share dividends @ 5% on $50,000 are to be paid on 1st December.(iii) An advance of ₹ 10,000 given alongwith purchase order was wrongly recorded in purchases. (iv) General expenses include ₹ 20,000 paid for Wages. (v) Wages include a sum of ₹ 50,000 spent on the erection of a Scooter Stand for employees. (vi) Advance for Furniture is for furniture at proprietor's residence.Date. Reporting Owner. Form. Trans. Shares. Owned. Security Name. 2/11/2014. Frost Gamma Investments Trust. 4. P-Purchase. 32000. 53331350. Common Stock. 2/11/2014 ...P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers “No”. …CHAPTER 5 Audit of Inventory. Exercises - Analysis of Transactions 1. Moneba Company bought merchandise on January 2, 2006 from Lynn Company costing P15,000; terms, less 20%, 20% down payment, balance 2/10, n/30. Two days after, P2,000 worth of merchandise was returned due to wrong specification. Moneba Company paid the account within the discount …Study with Quizlet and memorize flashcards containing terms like An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called, How does an indexed annuity differ from a fixed annuity?, T, age 70, …Solution for owing A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a.…P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will […]P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers “No”. …P purchases a $50,000 term life insurance policy in 2005. One of the questions on the application ask if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's beneficiary?The new accounting equation would be: Assets $30,200 (Cash $13,900 + Supplies $500 + Prepaid Rent $1,800 + Equipment $5,500 + Truck $8,500) = Liabilities $200 + Equity $30,000. 7. Selling services for cash. During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash.A. Debit to purchases of P45,510 B. Credit to purchases of P3,900 C. Net debit to purchases of P 41,610 D. Net credit to purchases of P 41,610. 4. The net adjustment to accounts payable is A. P3,900 increase C. P41,610 increase B. P3,900 decrease D. P41,610 decrease 5. Study with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a …Study with Quizlet and memorize flashcards containing terms like The accidental death and dismemberment provision in a life insurance policy would pay additional benefits if the insured, P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions ...Goods Account is classified into five different accounts for the purpose of passing journal entries: A. Purchases Account: When goods are purchased in cash or credit, donated, lost, or withdrawn for personal use, in all these cases, Goods are denoted as Purchases A/c. Journal Entry: Goods purchased for cash. Goods Donated.4. Drip-feed your portfolio. One way to mitigate uncertainty is to remain committed to investing set amounts of money on a regular basis. So rather than invest £50,000 as one entire lump sum, you ...Apply for the Blue Business Plus Card from American Express and earn 2x Membership Rewards® points on business purchases up to $50K with no category restrictions.P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 …(iii) An advance of ₹ 10,000 given alongwith purchase order was wrongly recorded in purchases. (iv) General expenses include ₹ 20,000 paid for Wages. (v) Wages include a sum of ₹ 50,000 spent on the erection of a Scooter Stand for employees. (vi) Advance for Furniture is for furniture at proprietor's residence.P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011.GST, exceeds ` 2,50,000. Here the same will be below ` 2,50,000 [ 2 ,65 ,000 x 100/118]. Hence the liability is nil. (iii) B Balance of the ITC is shown in Electronics credit ledger. Electronic cash ledger shows the GST deposited to the credit of the Govt. The set off of GST and the balance liability is reflected in Electronic Liability ledger.Jan 1, 2016 · A.On January 1, 2016, Company P purchases 100% of Company S voting stock for $800,000 cash, and Company P maintains Company S as a subsidiary. At the date of purchase, Company S reavealed the following: assets $900,000, liabilities $100,000, common stock, $300,000, and retained earnings $500,000. Required: A. To, Purchases A/c 50,000 To, Wages A/c 5,000 To, Returns inward A/c 8,000 (Transfer to balances for closing the latter accounts) Sales A/c Dr 1,00,000 Returns outward A/c Dr. 5,000 Closing Stock A/c Dr. 15,000 To, Trading A/c 1,20,000 (Transfer of balances for …p = ₹ 50,000 In compound interest, interest is calculated annually. Amount after 1 s t year is A 1 = 50 , 000 × 10 100 = ₹ (5,000 + 50,000) = ₹ 55,000(80% x 1,50,000 units x ` 14) - ` 16,80,000 Total price - ` 28,80,000 (e) The annual demand for a product is 6,400 units. The unit cost is `6 and inventory carrying cost per unit per annum is 25% of the average inventory cost. If the cost of procurement is `75, what is the time between two consecutive orders ? Answer. EOQ = ` 6 x 25/10024 Şub 2023 ... Employer purchased Group Term Life Insurance coverage of $50,000 for each employee. The premium is $2 per employee per $1,000 sum assured ...P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "no". The policy is …By P & L A/c : Loss. (b.f.). 1,150. 19,000. 19,000. Illustration 10. A machinery is sold ... purchased from Delhi Motors 3 Tempos costing ` 50,000 each on the ...These goods were sold on FOB destination terms and were in transit on December 31, 2010. The. goods were included in the physical count. 338. fThe inventory on December 31, 2010 determined by physical count had a cost of P2,000,000 and. a net realizable value of P1,700,000. Any inventory writedown is not yet recorded. Earn 50,000 Elite miles during this time and you'll have Elite Gold for ... R, L, P, 125% 100%. Economy, Y, B, E M, H, W Q, N, V, K, G, 100% 75% 50%. Or even ...July 1 Inventory 20,000 36. 7 Purchases 30,000 37. 12 Sale 36, 21 Purchases 50,000 47. 22 Sale 38, 29 Purchases 16,000 38. 322. If Stephanie Company uses that periodic average cost method to account for inventory, what is the ending inventory on July 31? Unit Unit cost Total costL/H Chapter 3. 4.6 (11 reviews) Get a hint. Y purchased $100,000 worth of permanent protection on himself and $50,000 worth of 10-year Term coverage for his wife on the same policy. Which of these policies did Y purchase?Dr. Financial Trading and P & L Account Cr. Particulars Amount (`) Particulars Amount(`) To Materials A/c 50,00,000 By Dividend A/c 1,00,000 To Wages A/c 30,00,000 By Interest on deposit 20,000 To Factory OH A/c 16,00,000 By Sales A/c 1,20,00,000 To Admin. OH A/c 7,00,000 By Closing stock A/c ...Study with Quizlet and memorize flashcards containing terms like G purchased a $50,000 single premium, Straight Life Annuity 2 years ago. G has been receiving monthly payments from the annuity. When G dies, the insurer Does not have to make any further payments Must continue to make monthly payments to G's beneficiary for the rest of the beneficiary's life Must pay G's beneficiary the ...(80% x 1,50,000 units x ` 14) - ` 16,80,000 Total price - ` 28,80,000 (e) The annual demand for a product is 6,400 units. The unit cost is `6 and inventory carrying cost per unit per annum is 25% of the average inventory cost. If the cost of procurement is `75, what is the time between two consecutive orders ? Answer. EOQ = ` 6 x 25/100A trading account’s assets are segregated from those held in a long-term buy-and-hold strategy. The profit and loss statement, abbreviated as P&L, is a financial statement that summarises revenues, expenditures, and expenses incurred during a specific time period, generally a fiscal year. 1 day ago · P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's beneficiary? (iii) An advance of ₹ 10,000 given alongwith purchase order was wrongly recorded in purchases. (iv) General expenses include ₹ 20,000 paid for Wages. (v) Wages include a sum of ₹ 50,000 spent on the erection of a Scooter Stand for employees. (vi) Advance for Furniture is for furniture at proprietor's residence. So average inventory is 1,50,000 (1,25,000 + 1,75,00/2) Example of inventory turnover ratio. Now that we have understood the inventory turnover ratio formula, let’s calculate it by considering an example. Cost of goods sold. 4,50,000. Inventory at the beginning. 1,25,000. Inventory at the end. 1,75,000. To calculate the inventory …A balance sheet needs to be prepared due to following reasons: 1. To show the financial position of a business. 2. To show much assets and liabilities a business has. 3. It serves as an information source for internal and external users. 4. It acts as a reference for balances that need to be carried forward.50,000 (ii) Bought furniture for: 500 (iii) Purchased goods on credit: 4,000 (iv) Sold goods on cash (cost ₹ 500) for: 700 (v) Received rent: 200 (vi) Purchased goods for cash: 1,000 (vii) Withdrew for personal use: 700 (viii) Paid to creditors: 400 ... 1,50,000 = + 1,50,000 (ii) Purchase goods for cash and on credit –80,000 +1,20,000 +40,000 : 70,000 + 1,20,000 …RE7-6 Stevens Company uses a perpetual inventory system. On July 10, Stevens purchases 50,000 of inventory on credit with payment terms of 2/10, net 30. Using the gross price method, prepare journal entries to record Stevenss purchases on July 10 and the subsequent payment on July 18. 3. PL Ltd. has three production departments P 1, P 2 and P 3 and two service departments S 1 and S 2. The following data are extracted from the records of the company for the month of October, 2020: (`) Rent and rates 12,50,000 General lighting 1,50,000 Indirect Wages 3,75,000 Power 5,00,000 Depreciation on machinery 10,00,000answered. P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. HDFC bank has been named among 50 most valuable banks in 2014. It has got 45th rank. Wells Fargo & Co. has got first rank in this list. This bank belongs to which country?A trading account’s assets are segregated from those held in a long-term buy-and-hold strategy. The profit and loss statement, abbreviated as P&L, is a financial statement that summarises revenues, expenditures, and expenses incurred during a specific time period, generally a fiscal year.Ending Inventory = Cost of Goods Available for Sale – Cost of Goods Sold = 1,000,000 – 800,000 = P200, Gross Profit = Net Sales - Cost of Goods Sold = 685,000 – 800,000 = P-115, nullnull Current RatioPurchases of commercial software packages 1,200,000 Returns and allowances 50,000 Purchase discounts taken 17,000 Purchases were made throughout the year on terms 2/10,n/30. All returns and allowances took place within purchase and prior to any payment on account.Work-in-process 68,000 50,000 Finished goods 79,000 40,000 Raw materials used in manufacturing during the year were $118,000. Raw materials purchases during the year were: a) $107,000 b) $115,000 c) $118,000 d) $121,000 6. Total manufacturing costs incurred do not include: a) Direct materials used b) Factory supplies used (i) D. Mahapatra commenced business with cash ₹ 50,000 and ₹ 1,00,000 by cheque; goods ₹ 60,000; machinery ₹ 1,00,000 and furniture ₹ 50,000. (ii) 1/3rd of above goods sold at a profit of 10% on cost and half of the payment is received in cash. (iii) Depreciation on machinery provided @ 10%. (iv) Cash withdrawn for personal use ...Indices Commodities Currencies StocksUse the following information for the next two ( 2 ) questions: Napier Company provided the following information on selected transactions during 2020: Purchase of land by issuing bonds 250, Proceeds from issuing bonds 500, Purchases of inventory 950, Purchases of treasury shares 150, Loans made to affiliated corporations 350, Dividends paid to ... (80% x 1,50,000 units x ` 14) - ` 16,80,000 Total price - ` 28,80,000 (e) The annual demand for a product is 6,400 units. The unit cost is `6 and inventory carrying cost per unit per annum is 25% of the average inventory cost. If the cost of procurement is `75, what is the time between two consecutive orders ? Answer. EOQ = ` 6 x 25/100This system works by the company accountant recording all purchases into a purchase account. The company then makes a count of the physical inventory and the accountant shifts any balance in the purchases into the inventory account. Next, the accountant adjusts the inventory account to match the cost of the ending inventory.(b) Cash purchases Rs. 1,38,000 and Purchases Returns were Rs. 18,000. (c) Cash sales Rs. 1,50,000 and Sales returns were Rs. 6,000. Rate of gross profit 25% on sales and actual gross profit was Rs. 1,50,000. Solution – 4 (Problem related to find out missing item)What will be the balance of Allowance for Bad Debts on December 31, 2017? A. $11600 B. $11520 c. $13600 D. $2000, Cash purchase of merchandise inventory J = General journal S = Sales journal CR = Cash receipts journal P = Purchases journal CP = Cash Payments journal, Collection of dividend revenue earned on an investment.Oct 21, 2023 · The payment of cash dividends, Compute the cash flows from operations using the indirect method if Star Corporation had $250,000 in net income, $30,000 in depreciation expense, a decrease of $20,000 in accounts receivable and an increase in bonds payable of $50,000. A. $250,000 B. $300,000 C. $310,000 D. $370,000 and more. 1) An individual is considering the purchase of life insurance that would provide $50,000 of... ... {P=1000-5Q} Calculate a single pure premium price of an ...The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. ... 50,000 4.7341 50,000 4.7341 236,705 2023-03-16 ...A. Debit to purchases of P45,510 B. Credit to purchases of P3,900 C. Net debit to purchases of P 41,610 D. Net credit to purchases of P 41,610. 4. The net adjustment to accounts payable is A. P3,900 increase C. P41,610 increase B. P3,900 decrease D. P41,610 decrease 5.Với những người hay có thói quen ăn vặt thì chỉ với 5 nghìn đồng, họ có thể mua được 2 cái gỏi cuốn, hoặc 1 xâu cá viên chiên hay 3 cuốn bò bía. Dù chẳng giúp no …(a) Invested Rs. 4,00,000 cash and office equipment with Rs.1,50,000 in a business called Bobbie Consulting. (b) Purchased land and a small office building. The land was worth Rs. 3,00,000 and the building worth Rs. 7,00,000. The purchase price was paid with Rs. 2,00,000 cash and a long term note payable for Rs. 8,00,000.On 1st April, 2015, A Ltd. purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st October, 2015 an additional machinery costing ₹ 1,00,000 was purchased. On 1st October, 2017, the machine purchased on 1st April, 2015 was sold for ₹ 1,43,000 and on the same date, a new machine was purchased at cost of ₹ 2,00,000.4th Class 400,000 300,000 50,000 5th Class 300,000 200,000 50,000 6th Class 200,000 100,000 50,000 In the case of barangays, Fifty Thousand Pesos (P50,000). 3. For Foreign-funded Procurement, the thresholds shall be determined in each case, taking into account the nature of the goods, works, or assignment, by agreement between the GOP and the. (b) Cash purchases Rs. 1,38,000 and Purchases RA. Debit to purchases of P45,510 B. Credit to p 2013 -14 7,00,000 2,50,000 2014 -15 5,00,000 1,50,000 Goodwill may be calculated on the basis of capitalisation method taking 20% as the pre - tax normal rate of return. Purchase consideration is discharged by A Ltd. on the basis of intrinsic value per share.Cost of Goods Sold = Opening Stock + Purchases + Direct Expenses – Closing Stock Cost of Goods Sold = 40,000 + 50,000 + 10,000 – 15,000 = ₹ 85,000 Question 3(B) Ascertain cost of Goods Sold and Gross Profit from the following: ₹ Opening Stock 32,000 Purchases 2,80,000 Direct Expenses 20,000 Indirect Expenses 45,000 Closing Stock 50,000 Any excess of cost over book value was attributed to equ (vi) Goodwill is to be valued at 2 years' purchase of last 3 years profits. Profits being for 2018-19 − ₹ 50,000 (Loss); 2017-18 − ₹ 2,50,000 and 2016-17 − ₹ 2,50,000. (vii) C was to carry out the work for reconstituting the firm at a remuneration (including expenses) of …5 Nis 2017 ... Purchases through Central Purchase Organisation (DGS&D) or other such agencies ... P. For example, if M&L are from India and P is in $, then Eo ... Goodwill for this purpose shall be calculated at two ye...

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