08-02-2006, 11:31 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Breakevens</i>
<br />well...saad...u could say stock reserv account is the difference between the actual stock value and inoive value(when the consignment account is made on invoice values).by computing the difference between the orignal price and gross proftis margin(say 25% gross profit margin...then u will divide ---->total price(of closing st)/125 *25....
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Thats the simple case.. i already know that..
Iam confused when No ratio is given
For example In Departmental A/c
And O/p stock is at Invoice price
And CL/Stock is at cost
And there is also abnormal Loss
and what we will do if there are 2 departments and one is transfering raw material to other at selling price.
To calcualte inrealized profit on unsold/closing stock confuses me
I have managed to get them soleved but had to see their solution
But still my concepts are not too much deep. i mean iam not fully satisfied.
<br />well...saad...u could say stock reserv account is the difference between the actual stock value and inoive value(when the consignment account is made on invoice values).by computing the difference between the orignal price and gross proftis margin(say 25% gross profit margin...then u will divide ---->total price(of closing st)/125 *25....
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Thats the simple case.. i already know that..
Iam confused when No ratio is given
For example In Departmental A/c
And O/p stock is at Invoice price
And CL/Stock is at cost
And there is also abnormal Loss
and what we will do if there are 2 departments and one is transfering raw material to other at selling price.
To calcualte inrealized profit on unsold/closing stock confuses me
I have managed to get them soleved but had to see their solution
But still my concepts are not too much deep. i mean iam not fully satisfied.
