Question
Write any three limitations of Ready-made software.
✓
Answer
limitations of Ready-made software:
- These softwares use laser printers which are costly than the use of Dot Matrix Printers.
- The level of secrecy in these softwares is very low thus the software is highly prone to frauds.
- These software offer very little scope of linking to other information systems. These softwares are suitable to small organisations who have low volume of accounting.
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Ascertain cost of Goods Sold and Gross Profit from the following:
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₹
|
|
Opening Stock
|
32,000
|
|
Purchases
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2,80,000
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|
Direct Expenses
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20,000
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Indirect Expenses
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45,000
|
|
Closing Stock
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50,000
|
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Sales
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4,00,000
|
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Sales Returns
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8,000
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Calculate closing stock from the following details:
G.P is 30% on Cost.
|
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₹
|
|
Opening Stock
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4,80,000
|
|
Purchase
|
13,60,000
|
|
Sales
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19,50,000
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Calulate closing stock and cost of goods sold:
Opening Stock ₹ 5,000; Sales ₹ 16,000; Carringe Inwards ₹ 1,000. Sales Return ₹ 1,000; Gross Profit ₹ 6,000; Purchases ₹ 10,000; Purchases Return ₹ 900.
Opening Stock ₹ 5,000; Sales ₹ 16,000; Carringe Inwards ₹ 1,000. Sales Return ₹ 1,000; Gross Profit ₹ 6,000; Purchases ₹ 10,000; Purchases Return ₹ 900.
From the Balance Sheet given below, calculate:
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From the following information, prepare Trading account for the year ended $31^{st}$ March, $2019$:
Adjusted Purchases ₹ $5,50,000$; Sales ₹ $6,25,000$; Freight and Carriage Inwards ₹ $3,000$; Wages ₹ $7,000$; Freight and Cartage Outwards ₹ $2,500$; Closing Stock ₹ $50,000$.
→Adjusted Purchases ₹ $5,50,000$; Sales ₹ $6,25,000$; Freight and Carriage Inwards ₹ $3,000$; Wages ₹ $7,000$; Freight and Cartage Outwards ₹ $2,500$; Closing Stock ₹ $50,000$.
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