What do you mean by Purchase Considerations? Explain the various methods for the calculating of purchase consideration.
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What is a non-banking financial institution? List the forms of business carried on by the NBFCs.
See Answer →What are the various methods of valuation of shares? Explain.
See Answer →Job Costing
See Answer →Process LosS
See Answer →Joint Products and By-Products
See Answer →Cash discount and Trade discount
See Answer →Minimum stock level and Maximum stock level
See Answer →Direct Expenses and Indirect Expenses
See Answer →The Joint products A, B, C and D are produced at a total joint production costs of Rs.1,20,000. Quantities produced are A 20,000 units, B 15,000 units, C 10,000 units and D 15,000 units. Product A sells for Rs. 16; B Rs. 4; C Rs. 8 and D for Rs. 4.
These figures are at the split off point.
Requested to show the apportionment of joint costs by using.
(a) Sale price per unit method and
(b) Total sale value method
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State the main characteristics of process costing and outline the costing procedure thereof.
See Answer →Example the computation of machine hour rate with the help of an example.
See Answer →Discuss various principles of apportionment of overheads. Give a few examples of the bases used for apportionment and re-apportionment.
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Inventory Transactions Table (January)
| Date | Purchases Units | Rate (Rs.) | Issues |
|---|---|---|---|
| Jan 1 | 500 | 5.00 | – |
| Jan 8 | 300 | 5.10 | – |
| Jan 13 | – | – | 600 |
| Jan 18 | 400 | 5.20 | – |
| Jan 23 | – | – | 300 |
| Jan 25 | 500 | 5.10 | – |
| Jan 31 | – | – | 200 |
In a factory, the following purchase and issues were made during the month account January, 2025. Prepare the stores Ledger Account under FIFO method.
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What are the different methods of costing? State the industries to which they can be applied.
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