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प्रश्न
Calculate Cost of Materials Consumed from the following:
Opening Inventory of Materials ₹3,50,000; Finished Goods ₹75,000; Stock-in-Trade ₹2,00,000; Closing Inventory of: Materials ₹3,25,000; Finished Goods ₹85,000; Stock-in-Trade ₹1,50,000; Purchases during the year: Raw Material ₹17,50,000; Stock-in-Trade ₹9,00,000.
उत्तर
Cost of Materials Consumed = Opening Inventory of Materials + Purchase of Materials - Closing Invetory of Materials
= 350000 + 1750000 - 325000 = 1775000
∴ Cost of Materials Consumed = Rs 1775000
Note: Opening Inventory of Finished Goods and Closing Inventory of Finished Goods will not be considered as these are shown under Change in Inventory of Finished Goods. Also, Opening, Closing and Purchases of Stock-in-Trade are not considered as they are not part of cost of materials consumed.
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संबंधित प्रश्न
| Group 'A' | Group 'B' | ||
| 1 | Financial Management | a | Distribution of profit |
| 2 | Retained profit | b | Deposits less than Rs. 20,000 |
| 3 | Debenture trustees | c | Capitalisation of profit |
| 4 | Small depositors | d | 1996 |
| 5 |
Depository Act |
e | Management of business funds |
| f | Borrowed capital | ||
| g | Protect interest of debentures holders | ||
| h | Management of business activities | ||
| i | Deposits less than Rs. 25,000 | ||
| j | 1956 |
State, with reason, whether the following statement is True or False.
Financial management is essential for all types of organisation.
Normally _________ gives advice to the Board of directors in respect of financial matters.
What are the main objectives of financial management? Briefly explain.
Under which heads will the following items be shown in the Balance Sheet of a Company
(i) Bank Balance
(ii) Investments (Long-term)
(iii) Outstanding Salary
(iv) Authorised Capital
(v) Bills Payable
(vi) Unclaimed Dividents
(vii) Shares Option Outstanding Account
(viii) General Reserve; and
(ix) Subsidy Reserve?
Under which heads the following items are shown in the Balance Sheet of a company:
(i) Calls-in-Arrears
(ii) Commission Received in Advance
(iii) Debentures
(iv) Stores and Spare Parts
(v) Land and Building
(vi) Forfeited Shares Account?
Under which heads the following are shown in a company's Balance Sheet:
(i) Public Deposits
(ii) Office Furniture
(iii) Prepaid Rent
(iv) Outstanding Salaries
(v) Computer Software
(vi) Interest Accrued on Investment?
From the following information, calculate Change in Inventory of Work-in-Progress:
Opening and Closing Work-in-Progress ₹1,50,000 and ₹1,45,000 respectively.
From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.
Under which line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:
(i) Sale of Goods;
(ii) Revenue from Services Rendered;
(iii) Interest Earned;
(iv) Gain (Profit) on Sale of Assets;
(v) Purchases of Stock-in-Trade;
(vi) Salaries and Wages;
(vii) Interest paid to Bank;
(viii) Carriage Outward?
What is the role and function of Financial Management?
What are the objectives of financial statement?
Other things remaining the same, an increase in the tax rate on corporate profit will :
Financial management is based on three broad financial decisions. What are these?
For optimal procurement of funds, a finance manager identifies different available sources and compares those items in terms of cost and associated risks. Identify concept highlighted in the above lines.
The foremost objective of financial management is :
Which of the following statements is false regarding financial management?
The foremost objective of financial management is:
