Develop Change Makers Through Social Entrepreneurship
1. ACCOUNTING FOR BUSINESS AFTERSCHOâșOL â DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME â Worldâ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
2. ACCOUNTING FOR BUSINESS Dr. T.K. Jain. AFTERSCHOâșOL 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?