Concept Questions

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Discount

IBM company purchased 20 pieces of HCL Computer for Rs.


25,000 each. The company sold 10 pieces of Computer for Rs.
30,000 each at 2% discount.

Batch wise Details


Altos Pvt. Ltd. purchased 100 streples of Combiflam medicine for
Rs. 2 each. Manufacturing date of the medicine is 01.04.15 and
expiry date is 01.06.15.
Cost center and category
The rent is 1000 and I have two categories production dept and service dept. the cost centre for prod
dept is A,B & C and the cost center for service dept is D. now i want to allocate the rent as follows A-
325, B-225 C-125 & D- 325 for two cost categories (production and service ).

Price level entry

Example:-
Parker Company purchased 500 pieces of parker pen for Rs. 15
each. The company sold 427 pieces of pen on following
conditions:-
 Less than 10 pieces for Rs. 18.
 More than 10 pieces and less than 50 pieces for Rs. 17 on 1%
discount.
 More than 50 pieces and less than 100 pieces for Rs. 16 on 2%
discount.
Interest calculation
Ram sold 3 pieces of HCL Computer to Arun for Rs. 10,000 each on credit basis. He decided to
divide the total amount in three instalments and charge 5 % interest on it.
Order processing
A company purchased 50 pieces of HCL Computer from ABC Company on 1.4.2014, but received
only 40 pieces of Computer. Due to damage, 10 pieces returned to his supplier and finally
received only 30 pieces of computer.

REORDER LEVEL
Through reorder level we define minimum level of our stock. After reaching the quantity of our
stock upto the level we must place order to over supplier for item purchase.

Example:-

For a company we want to create a reorder level. If that company has maximum capacity to sell
is 20 computers, so we set reorder level at 10 pieces (minimum order).

Debit note and credit notes


01-07-2016 ABC Ltd a cement dealer sold 1000 Cement bags to Shankar Engineers @ 300/
bag Bill NO 2048.
On 02-07-2016 Shankar Engineers returned 250 bags to ABC Ltd
ABC Ltd raised a Credit Note For sales return and issued to Shankar Engineers.
Godown
Tally Pvt. Ltd. Company purchased 50 pieces of HCL Computer
for Rs. 25,000 each. The company keeps the stock in a godown of
Gorakhpur which is in main location. 
Budget
Stock category
For example,

Stock item Sub Group Main Group Sub – Category Main Category

Brand A 19″ TFT Brand A Grade One TFT Monitor

Brand A 17″ CRT Brand A Grade One CRT Monitor

Brand B 19″ TFT Brand B Grade Two TFT Monitor

Brand B 17″ CRT Brand B Grade Two CRT Monitor

SCENARIO MANAGEMENT
ABC company purchase a Computer for Rs. 25,000 on 1-Apr-2014
and the trader wants to know cost of Computer on 31-Mar-2015.
He charges depreciation @ 10% on it.

Final account

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