Explain conditions for buy back of shares.
See Answer →Explain the primary and secondary functions of commercial banks.
See Answer →What journal entries are passed in the books of Transferor company in the case of amalgamation? Explain.
See Answer →What do you understand by Consolidated Financial Statement? Explain the advantages and disadvantages of preparing Consolidated Financial Statement.
See Answer →How does cash flow statement differ from funds flow statement? What are the uses of cash flow statement?
See Answer →What is meant by issue of Bonus Shares? Discuss the guidelines issued by SEBI for issue of bonus shares.
See Answer →Integral Accounting
See Answer →Process LosS
See Answer →Payroll Accounting
See Answer →Cost Unit
See Answer →Job costing and Contract costing
See Answer →Time Wage System and Piece Wage System
See Answer →First in First out method (FIFO) and Last in First out method (LIFO)
See Answer →Direct costs and Indirect costs
See Answer →10 A transport company runs buses at two places A and B. From following particulars calculate (a) Total kilometers (b) Total passenger kilometers for both places.
| A | B | |
| Number of buses | 4 | 5 |
| Days operated in a month | 30 | 25 |
| Trip made by each bus | 4 | 4 |
| Distance of route (one way) | 30 kilometers | 25 kilometers |
| Capacity of bus | 60 passengers | 50 passengers |
| Normal passengers travelling | 80% of capacity | 90% of capacity |
What do you mean by 'Equivalent Production'?
See Answer →Explain the various methods of accounting for by - products.
See Answer →State the main characteristics of process costing and outline the costing procedure thereof.
See Answer →State how you would ascertain the actual profit on an incomplete contract. How far such profit is taken to Profit and Loss Account.
See Answer →In 2023, the factory received an order for a number of jobs. It was estimated that direct materials required would be for Rs. 1,20,000 and direct labour would cost Rs. 75,000. What should be the price for these jobs if factory intends to earn the same rate of profit on sales as in 2023, assuming that the selling and distribution overheads had gone up by 15%? The factory recovers factory overheads as a percentage of direct wages and administration and selling and distribution overheads as a percentage of works cost.
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