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Notify me of new posts by email. Submit Comment. For deep understanding of accounting equation, following are important accounting equation questions: Problem 1: Habib Ullah Sadiq is wholesale trader; following transactions are record in Accounting Equation? Commence business with cash Rs. Bought merchandising for cash Rs. Cash sales of worth Rs. Bought goods on credit from Salman of worth Rs. Sales on account to Ali Raza Rs.
Purchase furniture of the value of Rs. Received cash form Ali Raza of Rs. Return defective furniture of worth Rs. Problem 2: Muhammad Faizan Abid had the following transactions. Zahid Shah invested Rs. Truck was Purchase by business for Rs. Equipment purchased on credit for Rs. Received Rs. Paid expenses of different types for Rs. Problem 4: Prove that the Accounting Equation is satisfied in all following transactions of Wajeeha Ejaz owner of business enterprises?
Problem 5: Show the effect of the following transactions upon the Accounting Equation? June 1 Mr. Salman started business with cash Rs. Search here… Search for:. Cash Book Three Col. Cash Book Double Col. References Mukharji, A. This third edition adds 50 new problems and replaces 15 of those in the last edition. Of the remainder half have been the subject of revision. Open navigation menu. Close suggestions Search Search.
User Settings. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Explore Ebooks. Bestsellers Editors' Picks All Ebooks. Explore Audiobooks. In this article we have compiled various cost accounting problems along with its relevant Solutions. After reading this article you will learn about cost accounting problems on: 1.
Cost Sheet 2. Economic Ordering Quantity 3. Store Ledger 4. Wage Payment 5. Labour Hour Rate 6. Secondary Distribution 7. Incentive Schemes 8. Idle Capacity Cost 9.
Batch Costing Contract Costing Process Costing Equivalent Production Apportioning Total Process Costs. The accounts of Basudev Manufactures Ltd. Prepare a Cost Sheet for the year ended From the following figures relating to the manufacture of a Electronic Product during the month of July , prepare a statement showing Cost and Profit per unit:.
What would be the cost per unit and selling price in , if it is desired to maintain the same rate of profit on sales as in ?
A manufacturer uses 75, units of a particualr material per year. The material cost is Rs. The cost of placing an order is Rs. The total cost of the inventory is minimum, when the ordering quantity is units, i. From the following particulars find out the value of closing stock when materials are issued under Simple Average Method:.
The stock verifier found a shortage of 10 kg. Pricing of issues is to be done on FIFO basis. A shortage of 10 kg was noticed on 16th January. Prepare the Store Ledger for the month of January The following are the details supplied by J.
Corporation in respect of its raw materials for the month of December On Find the values of issues and resulting stocks on different dates using i LIFO. Value of stock issued on Here opening Stock rate i. Calculate total monthly remuneration of workers A, B, C and D on the basis of the following information for the month of January In a factory bonus system, bonus hours are credited to the employee in the production of time taken which time saved bears to time allowed.
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