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Economics, Accounting & Business: Post your doubts here!

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all you have to do is 3000x20/120=500

ÜProvision of unrealized profit of on stock should be made if closing stock of manufactured goods is valued at transfer price.
stock (at transfer price )x mark-up% /100%+mark-up%
Thanks a lot, but the answer is A ($100) :(
 
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current ratio = CA/CL
CA/(8000+2000) = 2/1
CA = 20,000

Acid test ration = (CA-stock)/ CL
1.5:1 = (20000-stock)/10,000
stock = 5000 (B)

thanks and can you please explain the answer for q24 and q 26, it'll be great help for me =)
 
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the answer is C :/

it was easy, i did a mistake

if you see the column received year ended 31 december for 2009, just add all the of them 100 + 2100 + 200 = $2,400
now comes the income and expenditure account. as we can see in 2008 we received $300 advance for year 2009 and in 2009 we received $2,100 for the year 2009 and in 2010 we received $400 for the year 2009 which were due and paid in 2010. so in income and expenditure for year 2009, the total will be $300 + $2,100 + $400 = $2,800
 
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