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Ratification
Accountancy
answered on 23-Jun-22 18:37
A sale of 2760 was posted from sales book to the debit of M/S Sobhag traders at 2670. Ratification entry after preparing the trial balance
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Thank you sir !
Jitendra Kumar
CA Final
★ 41K+
3
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Overheads - Supplementary OH Rate
Costing
answered on 23-Jun-22 13:47
In the given question, pre-determined rate is given on per man day basis but we find supplementary recovery rate on per unit basis. How? And is it mandatory to find supplementary recovery rate on per unit basis, when we have information about produced units?
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In this question overheads are absorbed based on factory overheads.so you have to compare actual overheads with predetermined rate of factory overheads in order to determine whether it is underabsorbed or overabsorbed. If it is underabsorbed in that case you need to find out the supplementary rate based on the units produced... If you are not able to understand my explanation u can turnover to the page where the concepts have been taught in a precise manner.
Sai Eswar Kolli
CA Final
★ 30K+
1
520
Overheads- Supplementary OH Rate
Costing
answered on 23-Jun-22 13:50
Estimated: Expenses = 24000 Working hours = 3000 OH recovery rate = â?¹8/hr Actual: Expenses = 20000 Working hours = 2400 What is supplementary recovery rate? Whether it is over or under absorption? If question doesn't provide actual OH, then how to approach?
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Brother your search for the answers are in the theory part of the chapter itself.Please study it thoroughly and try to solve the problems. Question do provide about actual oh because there is a need to calculate whether there is an under or over absorption.dont worry about that.
Sai Eswar Kolli
CA Final
★ 30K+
1
482
BRS
Accountancy
answered on 23-Jun-22 12:04
How this will affect? If we starting from cash book ?
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Welcome
Jitendra Kumar
CA Final
★ 41K+
4
480
Accounting principle
Accountancy
answered on 23-Jun-22 10:38
Difference between accounting concept and principles ?
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Principles are based on concepts
Vani
CA Foundation
★ 2K+
5
525
Sec 18 of CGST act
Indirect Taxation
answered on 23-Jun-22 12:37
I've highlighted two dates in the image below. Pls tell me whether they are the same.
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welcome
Sibi Srinivasan
CA Final
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8
542
Permutation
Maths & Stats
answered on 23-Jun-22 18:38
Permutation q) using the digit 1,2,3,4,5 how many numbers can be formed more than 35000
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Thank you
Hansika Mahadev
CA Inter
★ 150
4
450
Rectification of errors
Accountancy
answered on 23-Jun-22 18:33
Mcq 2nd question
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Yes
Karpagam Kaliyamoorthy
CA Inter
★ 3K+
3
408
Cost sheet
Costing
answered on 23-Jun-22 06:18
Should I include finance charges in cost of sales?
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No
Nirmal Pauly
CA Final
★ 14K+
1
405
How to find?
Accountancy
answered on 23-Jun-22 15:29
Rent and rates is debit or credit balance why ? Pls explain
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No worries. We are there to help you :)
Sai G
CA Inter
★ 6K+
11
481