Explanation:
Where the quantity of each purchase is stable but the prices fluctuate, average cost method suits the condition. Disadvantages: (a) Profit or loss in material arises as total cost incurred usually does not become equal to the total charges.
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Explanation:
trend of profitability is not considered since each year profit are given equal weighted distinction is not made between a business that has rising profits and that has falling profits.
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New questions in Accountancy
Question 39. Kavita and Leela are partners with capitals of Rs. 6,00,000 and Rs. 4,00,000 and sharing profits & losses in the ratio of 2:1. Their…partnership deed provides that interest on capitals shall be provided @ 8% p.a. and it is to be treated as a charge against profits. Prepare relevant account to allocate the profit in the following alternative cases: (i) If profit for the year is (ii) If profit for the year is (iii) If loss for the year is Rs. 1,10,000 Rs. 35,000 Rs. 10,000
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18. आज़ादी के दीवानों ने भारत का कौन सा रुप देखा होगा, जिससे वे कुछ करने आगे बढ़े ।
Which of these events would be likely to trigger the need for a portfoli update select all that apply
