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ACCOUNTING FOR BUSINESS  AFTERSCHO☺OL   –  DEVELOPING CHANGE MAKERS  CENTRE FOR SOCIAL ENTREPRENEURSHIP  PGPSE PROGRAMME –  World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
ACCOUNTING FOR BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner  M: 9414430763 [email_address] www.afterschool.tk ,  www.afterschoool.tk
PROFITS FOR THE LAST 3 YEARS WERE Rs. 200, 2610, 3120 RESPECTIVELY. CLOSING STOCK INCLUDED DEFECTIVE GOODS OF 220 AND 620 DURING LAST 2 YEARS. WHAT IS GOODWILL AS PER AVERAGE PROFIT METHOD?
GOODWILL  ,[object Object],[object Object],[object Object],[object Object]
Goods purchased and debited the supplier by Rs. 2500?  ,[object Object],[object Object],[object Object]
Cost of plant 21000, residual value 1000, life 5 years, what should be rate of depreciation in WDV?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1000 KG is being sent to wholesaler. 15% loss is unavoidable. Cost is Rs. 3 per KG. Transport charges Rs400 ,[object Object],[object Object]
We send goods at 125% of cost. Commission 10% on sales at IP and 25% on sale above IP. 10% goods lost in transit (IP Rs. 12500). 75% of remaining consignment sold for Rs. 1 lakh. What is commission?
Solution  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
XYZ are partners with capital of Rs. 100, 200 and 300 respectively. Y gives a loan of Rs. 500 and demands interest @ 40%. There is no agreement. How will you divide profit of Rs. 120 among them?
Solution  ,[object Object],[object Object]
Capital Rs. 2 lakh. Interest rate  12%. Last 4 year’s profits are: = -10000, -2500, 98000,76000. What is goodwill as per super profit method? Opportunity cost 12000 ,[object Object],[object Object],[object Object],[object Object],[object Object]
4 years annuity calculation… ,[object Object],[object Object],[object Object]
ABOUT AFTERSCHO☺OL  ,[object Object]
Why such a programme? ,[object Object],[object Object],[object Object],[object Object]
Who are our supporters? ,[object Object],[object Object]
About AFTERSCHO☺OL  PGPSE – the best programme for developing great entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Workshops from AFTERSCHO☺OL  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Flexible Specialisations: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Salient features: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Components  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pedagogy  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Branches ,[object Object]
Case Studies ,[object Object]
Basic values at AFTERSCHO☺OL  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
www.afterschoool.tk   social entrepreneurship for better society

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Develop Change Makers Through Social Entrepreneurship

  • 1. ACCOUNTING FOR BUSINESS AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
  • 2. ACCOUNTING FOR BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk , www.afterschoool.tk
  • 3. PROFITS FOR THE LAST 3 YEARS WERE Rs. 200, 2610, 3120 RESPECTIVELY. CLOSING STOCK INCLUDED DEFECTIVE GOODS OF 220 AND 620 DURING LAST 2 YEARS. WHAT IS GOODWILL AS PER AVERAGE PROFIT METHOD?
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  • 8. We send goods at 125% of cost. Commission 10% on sales at IP and 25% on sale above IP. 10% goods lost in transit (IP Rs. 12500). 75% of remaining consignment sold for Rs. 1 lakh. What is commission?
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  • 10. XYZ are partners with capital of Rs. 100, 200 and 300 respectively. Y gives a loan of Rs. 500 and demands interest @ 40%. There is no agreement. How will you divide profit of Rs. 120 among them?
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  • 26. www.afterschoool.tk social entrepreneurship for better society