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"BDL Ltd. is currently preparing its cash budget for the year to 31 March 20XX. An extract from its sales budget for the same year shows the following sales values.<br>Rs<br>March 60,000<br>April 70,000<br>May 55,000<br>June 65,000<br>40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in month after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. The value of sales budget to be shown in the cash budget for May 20XX is"

Correct Answer: Rs. 60,532
40% of May sales for cash (40% x Rs. 55,000) = Rs.22,00070% of April credit sales less 2% discount (70% x 60% x Rs. 70,000 x 98%) = Rs. 28,81227% of March credit sales (27% x 60% x Rs. 60,000) = Rs. 9,720Total Sales = Rs. 22000 + Rs. 28812 + Rs. 9720 = Rs. 60,532.

"Calculate the value of closing stock from the following according to FIFO method:
1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:
5th January, 20XX: 100 units @ Rs 5
12th January, 20XX: 200 units @ Rs 4.50

Issues:
2nd January, 20XX: 30 units
18th January, 20XX: 150 units"

"Calculate the value of closing stock from the following according to LIFO method:
1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:
5th January, 20XX: 100 units @ Rs 5
12th January, 20XX: 200 units @ Rs 4.50

Issues:
2nd January, 20XX: 30 units
18th January, 20XX: 150 units"

"Calculate the value of closing stock from the following according to Weighted Average method:
1st January, 20XX: Opening balance: 50 units @ Rs 4

Receipts:
5th January, 20XX: 100 units @ Rs 5
12th January, 20XX: 200 units @ Rs 450

Issues:
2nd January, 20XX: 30 units
18th January, 20XX: 150 units"

On 31st March, 2019, total debtors are Rs. 25,000 and bad debts are Rs. 1,000 so if rate of discount on debtors is 2% and rate of provision for bad debts is 5% then the amount of discount on debtors will be

The cost of servicing of a Maruti car at Maruti care Pvt. Ltd. is Rs. 400. Manager of service centre told me that for the second service within a year a customer can avail a 10% discount and further for third and fourth servicing he can avail 10% discount of the previous amount paid, within a year. Further if a customer gets more than 4 services within a year, he has to pay just 60% of the servicing charges on these services. A customer availed 5 services from the same servicing station, what is the total percentage discount fetched by the customer?

"A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order should the following budgets be prepared?
(1) Sales budget
(2) Cash budget
(3) Production budget
(4) Purchase budget
(5) Finished goods inventory budget"

If total sales are Rs. 1,00,000 cash sales included in total sales Rs. 20,000, sales back Rs. 7,000. Total debtors for sale as on 31st March, 1993 Rs. 9,000, and bills receivable as on 31st March, 1993 is only Rs. 2,000. The average payout period would be for the year 1992 - 93.

What is the role of the Credit Bureau? (A) Blacklist borrowers with bad credit record.(B) Collects credit information on borrowers and supplies the information back to lenders. (C) Gives credit assessment of borrowers. (D) Dictates credit decisions of financial institutions.

The debtors are Rs. 30,000 (before bad debts of Rs. 1,000 and provision of bad debts at 5%). A provision for discount on debtors @ 2% would be-

Consider the following statements about the Salt March :1.The Salt March was deliberately ignored by the European media.2.The Salt March was widely covered by the American and European press.3.The Salt March was the first nationalist activity in which women participated in large numbers.4.The Salt March impressed upon the British the urgent need to devolve more power to Indians.Which of the statements given above are correct?