Perpetual inventory system
Give a brief introduction of the term ‘Perpetual inventory system’?
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It is a system under that continuous stocking occurs. This system is implemented through the large manufacturing units. It aspires at maintaining stores ledgers and bin cards to know the quantity and value of the stock at any point of time which makes sure that the physical balance and the book balance tallies. Through methodically maintaining perpetual inventory system discrepancies can be simply located and can be adjusted in time. It also facilitate in locating slow and non-moving items and to take action for the similar.
Depreciated the equipment, estimated life 5 years, estimated salvage value $5000, straight line depreciation
Briefly describe the term Expenses?
Write down the methods which are available for valuation of capital expenditure proposals?
Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
What are the qualities that would make you a good accountant?
Briefly explain the term overheads?
How are deferred expenditures dealt with in profitability statement?
Write down the function of registrar?
What do you mean by the term name server? Briefly describe what does it do?
What is the procedure to secure the investments? Describe briefly the daily flow of work?
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