with five Modarib‚ workout the transactions on prescribe format on the following terms: ➢ Ali Associates Rs.800‚000 cost@10%‚ Profit 40:60 proceeds Rs.810‚000 ➢ Scan Group Rs.700‚000 cost@7% Profit 35:65 Expected Proceeds 812‚000 ➢ Golden Spot Rs.600‚000 cost @8% profit 55:45 Proceeds Rs.770‚000 ➢ Karachi Electric Rs.400‚000 cost @9% profit 50:50 Proceeds Rs.578‚000 ➢ Sailor Services Rs.100‚000 @5% Profit 60:40 Proceed 55‚000. 2 Muslim Bank enters into Modaraba transaction with five Modarib
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2006-Rs.60‚000 2007-Rs.75‚000 2008-Rs.72‚000 2009-Rs.69‚000. The business was looked after by the management. Remuneration from alternative employment if not engaged on the business comes to Rs.9000 p.a. Find the amount of goodwill‚ if it is valued on the basis of 3 years purchase of the average net profit for the last four years. 2) Following particulars are available in respect of the business carried on by X Ltd. (a) Profits earned by X Ltd: 2007- Rs.50‚000; 2008 -Rs.48‚000; and 2009-Rs.52‚000
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First flight First Flight Couriers came into being on Monday‚ 17th November 1986. It all began with the setting up of three offices at Kolkata‚ Mumbai and Delhi. The overwhelming response from customers was not just a dream come true‚ but the fruits of an early realization and recognition of the tremendous potential that the Indian subcontinent offered in terms of market size. It was the foresight and dynamism of the Founder Chairman and Managing Director‚ O. P. Saboo which created a spring
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stock of Rs 222.81 crores.After making a purchase of of Rs 832.28 crores it was left with a closing stock of Rs 199.82.Thus the raw materials consumed amounts to Rs 855.27.There is no direct cost.The total of factory overheads amounts to Rs 43.77 crores.The net works cost becomes Rs 899.04 crores as there is no work in progress.The administrative expenses include employee cost‚depreciation and miscellaneous expenses amounting to a total of Rs 818.64 crores.The cost of sales is then Rs 1717.68.The
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|Company Accounts | |Accounting for Share Capital 1 | | | | |
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AM(day 2) | at New Delhi (NDLS) | | | Rs. 1490 | | | Check Availability | | | | | | | Duration: 12hour 48minute | Operates on all 7 days | Total Fare: Rs. 1490 | | Route Rank: | | Details | | Route Map | Email | Save | Remove | | | | | | | Train: | | Nzm Garib Rath (12909) | | Departs: | 8:07 PM | from Surat (ST) | | Arrives: | 9:40 AM(day 2) | at H Nizamuddin (NZM) | | | Rs. 650 | | | Check Availability | |
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Cash in hand Rs.15700‚ Cash at Bank Rs. 25400. 8: Bought Goods for cash Rs.4100. 14: Purchased goods form Mahesh and Co. for Rs.5800 less 10% trade discount. 25: Sold Goods to Bindla and Co. for Rs.8900 less 20% trade discount. 30: Withdrew Rs. 500 from Bank for Private use. 30: Sold Goods to Amjad for Rs.6400. May 6: Rs. 5000 Paid to Mahesh and Co. in full settlement of their account 8: Goods worth Rs.400 returned
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is purchased for Rs 400 and sold for Rs 460. Find the profit and profit percentage. 2. Sonal purchased an article for Rs 2500 and sold it at 25% above the CP. If Rs 125 is paid as tax on it‚ find her net profit and profit percentage. 3. By selling an article for Rs 34.40‚ a man gains 7.5%. What is its CP? 4. On selling tea at Rs 40 per kg‚ a loss of 10% is incurred. Calculate the amount of tea (in kg) sold‚ if the total loss incurred is Rs 80. 5. By selling an article for Rs 960‚ a man incurs
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and instructed him to pay Rs.1000 annually to his younger brother Babaiah. It was agreed in writing by Chinniah to pay the annuity to his uncle. But after the death of Peddaih‚ Chinnaiah stopped the payment. Can Babaiah sue Chinniah for the annuity? 11. Master Nani‚ a minor purchased ten neck-ties from a ready made garments shop of Mr.Gopal on credit and did not repay their price. Can Mr.Gopal claim the price of the ties from Nani? 12. Mr Venkat offered to pay Rs.10‚000 to Mrs Laxmi if she
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salaries Rs. 7‚500 (accrued expense) Outstanding electric bills Rs. 6‚500 (accrued expense) Commission Receivable Rs. 5‚000 (accrued revenue) Depreciation of office furniture at 10% office equipment 15% (Office furniture Rs. 35‚ 000 and office equipment Rs. 45‚000) Allocate allowances for uncollectible 2% on accounts receivable. (Accounts Receivable Rs. 17‚000) Closing entries for Debit Credit Revenue Rs. 1
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