P purchases a 50000
(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 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.Items in Inventory On December 31, Pitts Manufacturing Company reports the following assets: Cash $50,000 Raw materials $74,000 Work in process 176,000 Marketable securities 25,000 Equipment 950,000 Finished goods 150,000 Building 1,200,000 Goodwill 50,000 What is the total amount of Pitts' inventory at year-end? BUY.
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Intermediate Accounting Inventories - Please show the complete solution on items 8, 9, 10. Image transcription text. Pugo uses the retail inventory method. The following information is available for. the current year: Cost Retail Beginning inventory P 1,300,000 P 2,600,000. Purchases 18,000,000 29,200,000 Freight in 400,000 Purchase r...Answer to: Suppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order and carrying costs are... Merchandise Inventory Beginning balance 400,000 210,000 Ending balance Net purchases 860,000 1,050,000 Cost of sales Total 1,260,000 1,260,000 Computation of the net purchases: Gross purchases on account 859,000 Add cash purchases 10,000 Total 869,000 Less: Purchase returns and allowances 6,000 Purchase discount 3,000 Net purchases 860,000 E ...Purchases 410, Month end additional data Ending inventory of Branch 1,460, From Home Office at Billed Price P1,170, ... P26,000 (P1,000) b. P25,000 (P4,000) c. P26,000 P1, d. P20,000 P 800c 18 balances before adjustments for the home office and the branch of the King Company show the following items on December 31. The home office bills the ...
Master Direction - Liberalised Remittance Scheme (LRS) A. Liberalised Remittance Scheme (LRS) of USD 2,50,000 for resident individuals. 1. Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Financial Year (April-March) for any permitted current or capital account …Select the best alternate and check your answer with the answers given at the end of the book. (A) Liquidity Ratios. 1. Two basic measures of liquidity are : (A) Inventory turnover and Current ratio. (B) Current ratio and Quick ratio. (C) Gross Profit ratio and Operating ratio. (D) Current ratio and Average Collection period.Click here👆to get an answer to your question ️ From the following information, calculate the value of goodwill of the firm:(i) At three years purchase of Average Profit.(ii) At three years purchase of Super Profit.(iii) On the basis of capitalisation of Super Profit.(iv) On the basis of capitalisation of Average Profit.Information:(a) Average Capital Employed is Rs. 6,00,000 .(b) Net ...For example, if you invest all $50,000 in a mutual fund that charges a 1% expense ratio, you'll pay more than $13,000 in fees over the course of 30 years. If you choose a fund that charges 0.25% ...
The following are the balances as on 31 st March, 2019 extracted from the books of Dass: マ 1|c| マ Sales 9,20,000 Postage and Courier 6,200 Purchases 6,83,000 Miscellaneous Expenses 9,000 Returns Inward 13,000 Bad Debts 4,000 Returns Outward 22,000 Debtors 2,20,000 Stock on 1st April, 2018 1,76,000 Creditors 1,28,000 Carriage Inwards 24,000 …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”. …(a) Working hours of production departments are P-6226 hours, Q-4028 hours and R-4066 hours. (b) Services rendered by service departments are as under: P Q R X Y Department X 20% 30% 40% — 10% Department Y 40% 20% 30% 10% — Required: (i) Calculate the total overhead of production departments distributing the cost ….
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Purchases 1,900, Cash (50,000 x P38) 1,900, Futures contract payable 600, Cash 600, Loss on futures contract 600, Unrealized loss – futures contract 600, Futures price Market price Type of contract Quantity 1/1/2010 12/31/ Purchase sugar 20,000 60 75 Purchase milk 50,000 100 91 Sell ice cream 30,000 220 195.Suppose an entity purchases p50000 goods on credit. Doc Preview. 1. Which of the following journal entry is correct for the transactions of goods returned by a customer? a) …
Particulars. Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Income. Revenue from Operations (Net Sales) 3,00,000. 2,50,000. II. Expenses. Cost of Materials ...From the following balances, prepare Trading and Profit and Loss Account and the Balance Sheet:Debit Balances: 1|c| チ Debit Balances Contd.: 1|c| र Machinery 2,00 ...
cheer open gym Everyone has some way of keeping up with their purchases. If it's not an old-fashioned checkbook, then your bank's software or a service like Mint can track your expenditures. When logging your expenditures, try adding a section with how ha...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 […] what time is ku basketball game tonightku vs duke basketball 2022 If you’re looking for a p-card for your small business, we’ve selected the best p-cards to streamline your everyday purchasing process. Credit Cards | Buyer's Guide Updated March 29, 2023 REVIEWED BY: Tricia Tetreault Tricia has nearly two ...15. Transcribed Image Text: A company purchased a building worth $500,000 by paying $50,000 in cash and acquiring a bank loan for the remainder. The effect on the accounting equation is: Increase in assets and liabilities by $500,000 Decrease in assets and liabilities by $50,000 Increase in assets and liabilities by $450,000 Decrease in assets ... will rogers downs results 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 Insider Purchases MIMO / Airspan Networks Holdings Inc - Short Term Profit Analysis. ... 50,000 15.0000 50,000 15.0000 750,000 176 18.3000 165,000 22.00 2022-05-23: NCLH: Galbut Russell W: 50,000 15.2500 50,000 15.2500 762,500 Adjusted Price is the split-adjusted price. definition conflict resolutionwhats the flattest statenon western art examples Cash in hand ₹ 50,000; Bank overdraft ₹ 1,90,000. Jan. 2: Purchased goods from Rajesh Kumar of the list price of ₹ 50,000 at 5% trade discount and payment made by cheque. Jan. 6: Goods sold for ₹ 80,000 and payment received by cheque. Cheque deposited into Bank on same day. Jan. 10: Goods purchased for cash ₹ ... hampton bay loveseat cushions He has compiled the following information; Transport Mode Transit Time, Days Rate, $/unit Shipment Size, Units Rail 16 25 10,000 Piggyback 10 44 7000 Truck 4 88 5000 Electronic Distributor Inc. purchases 50,000 units per year at a delivered contract price $500 per unit. Inventory carrying cost for both companies is 25 percent per year. 2008 sweet 16benjamin moore paint locationletrs units 5 8 posttest Particulars Process P Process Q Process R Direct Material 38,000 42,500 42,880 Direct Labour 30,000 40,000 50,000 Production overheads of ` 90,000 were recovered as percentage of direct labo ur. 10,000 kg of raw material @ ` 5 per kg. was issued to Process P. There was no st ock of materials or work in process.