Branch A/c
Particulars Amount Particulars
To Balance b/d
Stock 60,000 By sent to Branch (Return)
Debtor 40,000 By Cash
Petty Cash 320 100,320 Sales
To Goods Sent to Branch 192,000 Debtor
(160,000 + 20% of 160,000) By Goods sent to Branch (Loading)
To Cash A/c 32,000 By Stock Reserve (Op Stock)
To Stock Reserve (Cl Stock) 8,000
To sent to branch (Loading ) 500 By Balance c/d
To Balacnce c/d Stock
Liability for Exp 1,000 Debtor
To General P & L A/c (Profit) 43,580 Petty Cash
377,400
Debtor A/c
Particulars Amount Particulars
To Balance b/d 40,000 By Cash A/c (received)
To Sale A/c (Credit Sale) 144,000
By Discount
By balance c/d
(Balancing fig.)
184,000
Calculation of Loading
1. Opening Stock
Loading = 60,000 X 20/120 = 10,000
2. Closing Stock
Loading = 48,000 X 20/120 = 8,000
3. Goods Return
Loading = 3,000 X 20/120 = 500
Dr Cr
Assets (+) (-)
Liability (-) (+)
Exp (+)
Income (+)
Capital (-) (+)
Opening = 100,000
Credit Sale = 20,000
Total Debtor = 120,000
Less : Cash Paid = 40,000 = 80,000
Less: Discount = 5,000 = 75,000
less: Bad Debts = 3,000 = 72,000
Cash Sale 20,000
Debtor 200,000
CP = 90,000
Loading @ 10% on IP
IP = ?
Loading = 90,000 X 10/90
1,00,000
90,000 X 20/80 =
IP = 3,30,000
Loading = 10% of CP
CP = ?
Loading = ?
Loading = 3,30,000 X 10/110
Note:
If loading is given in question, then stock (Openin
IP = 60,000
Loading = 20 % on Cost
Loading = 60,000 X 20/120 = 10,000
Calculaion of Income from house Property
H1 H2
MV = 300,000 360,000
FR = 375,000 275,000
Higher 375,000 360,000
SR = 350,000 370,000
Expected Rent = 350,000 360,000
Acual Rent = 310,000 310,000
GAV = 350,000 360,000
Less MT = 36,000 28,800
NAV = 314,000 331,200
Less: Std Deduction @ 30% 94,200 99,360
Interest on Loan - 55,000
Income 219,800 176,840
Particulars Amount
Branch (Return) 3,000 Workings
Calculation of Loading
104,000 1. Opening Stock
136,000 240,000 Loading = 60,000 X 20/120 = 10,000
sent to Branch (Loading) 32,000
Reserve (Op Stock) 10,000 2. Closing Stock
Loading = 48,000 X 20/120 = 8,000
48,000 3. Goods Return
44,000 Loading = 3,000 X 20/120 = 500
400 92,400
377,400
Particulars Amount
/c (received) 136,000
4,000
44,000
184,000
hen stock (Opening Stock, Closing Stock & Goods sent to bran
Period Royalty MR Paid
1990 7,000 12,000 12,000
1991 10,200 12,000 12,000
1992 16,100 12,000 13,600
1993 13,600 12,000 12,000
1994 10,800 9,600 9,600
1995 9,700 10,000 10,000
Working
MR for 1994
MR for 73 days = 12,000 X 73/365 = 2,400
Actual MR = 12,000 - 2400 = 9,600
MR = 12,000
4 months lockout
4,000 X 50% = 2,000
Actual MR = 12,000 - 2,000
Leasee
Royalty A/c … Dr
SW A/c … Dr
To Land Lord A/c
Land Lord A/c …. Dr
To Cash
P & L a/c …. Dr
To Royalty
ds sent to branch) is recorded at Invoice Price.
SW Surplus Recoup UnrecoupedCash @ 25% P & L A/c
5,000
1,800
4,100 2,500
1,600 1,600 900 225 675
1,200 1,200 600 150 450
300
MR for 1995
MR for 4 months = 12,000 x 4/12 = 4,000
Actual MR = 12,000 - 50% of 4,000 = 10,000
Leasor
Leasee A/c ….. Dr
To Royalty
To SW
Cash A/c …. Dr
To Leasee A/c
Royalty A/c …. Dr
To P & L a/c
Calculation of Net Present Value
Year Cash Flow DF @ 8% DF @ 10 DF @ 13 PV
0 (100,000) 1.000 1.000 1.000 (100,000)
1 25,000 0.926 0.909 0.885 22,124
2 45,000 0.857 0.826 0.783 35,242
3 65,000 0.794 0.751 0.693 45,048
NPV 2,414
113327 - 100000 = 13327
1,00,000 - 1,00,000 = Nil
