Plz solve these questions......!
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Question no1: 3 marks
Calculate the profit of the business…
Given data:-
Gross profit = 20,000 Rs
Cost of sales = 1,000 Rs
Office expenses = 10,000 Rs.
Distribution expenses = 3,000 Rs
Question 2. marks 3
Given data:
- Machinery purchased on 1st November 2010 = 150,000 Rs
- Depreciation rate 10 % p.a
- Financial year starts from January 1st December 31st
Calculate depreciation expense and book value.
Question 3:- Marks 5
cash in hand = 51,000
bills receivable = 6,000
Sundry debtors = 90,000
Bills payable = 67,000
Sundry creditors = 140,000
Closing stock = 70,000
Calculate the working capital.
Question 4. marks 5
Cost of the machine = 50,000 Rs
Written down value of the machine = 21,000
Opening written down value of the machine = 37,500
Closing written down value of the machine = 59,369
Calculate the book value and depreciation expense…
Question number 1st
Calculate working capital with the help of given data.
| Particulars | Rs. | Particulars | Rs. |
| Cash in Hand | 51,000 | Bills Payable | 67,000 |
| Bills Receivable | 6,000 | Sundry Creditors | 140,000 |
| Sundry Debtor | 90,000 | Closing Stock | 70,000 |
Question number 2
If:
· Original cost of fixed asset Rs. 1,000,000
· Accumulated Depreciation Rs. 400,000
· Revalued amount of fixed asset Rs. 500,000
Required:
Calculate the Written down value and Loss on revaluation of fixed asset
Question number :3
State whether the following are capital or revenue expenditure.
1. Construction of basement costing Rs. 300,000 at office premises
2. Paid a bill of Rs. 30,000 of Mr. Shahbaz, who was engaged as the erection engineer to set up a new automatic machinery costing Rs. 20,000 at the new factory site.
3. Incurred Rs. 30,000 expenditure on varied advertisement campaigns undertaken yearly on a regular basis, during the peak festival season.
Question number 4 :
List down the different methods adopted for stock valuation.
Q:
a 150000 ka asset tha uski par anum 1O% depriciation thi finacial year 1 jan to 31 december or asset 1st november ko purchase kiya straight line methoed se hall karna tha
Question no1: 3 marks
Calculate the profit of the business…
Given data:-
Gross profit = 20,000 Rs
Cost of sales = 1,000 Rs
Office expenses = 10,000 Rs.
Distribution expenses = 3,000 Rs
Question 2. marks 3
Given data:
- Machinery purchased on 1st November 2010 = 150,000 Rs
- Depreciation rate 10 % p.a
- Financial year starts from January 1st December 31st
Calculate depreciation expense and book value.
Question 3:- Marks 5
cash in hand = 51,000
bills receivable = 6,000
Sundry debtors = 90,000
Bills payable = 67,000
Sundry creditors = 140,000
Closing stock = 70,000
Calculate the working capital.
Question 4. marks 5
Cost of the machine = 50,000 Rs
Written down value of the machine = 21,000
Opening written down value of the machine = 37,500
Closing written down value of the machine = 59,369
Calculate the book value and depreciation expense...
fazalbukhari@yahoo.comcell # 0300-6898007
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