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SOLUTIONS 12

NEB Grade 12 Accountancy Solutions Question 1: Corporate Final Accounts 1.1 Trading Account Particulars Amount (Rs.) Particulars Amount (Rs.) To Opening Stock 1,20,000 By Sales Revenue (14,20,000 - 25,000) 13,95,000 To Purchases (8,50,000 - 15,000 loss) 8,35,000 By Closing Stock (1,60,000 - 20,000) 1,40,000 To Productive Wages (1,80,000 - 30,000 cap.) 1,50,000 To Factory Power & Fuel 45,000 To Carriage Inwards 10,000 To Gross Profit c/d 3,75,000 Total 15,35,000 Total 15,35,000 1.2 Profit & Loss Account Particulars Amount (Rs.) Particulars Amount (Rs.) To Admin Salaries 1,20,000 By Gross Profit b/d 3,75,000 To Rent, Rates & Insurance 42,000 By Discount Received 12,000 To Director's Fees 25,000 To Depreciation (P&M + Furniture) 73,300 To Bad Debts & Prov. (10k + 4.6k) 14,600 To Interest on...
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SOLUTIONS Grade 11

Question 1: Journal Entries (Mr. Sharma) Date Particulars L.F. Debit (Rs.) Credit (Rs.) Baisakh 1 Cash A/c Dr. Bank A/c Dr. Stock A/c Dr.   To Capital A/c (Being business started with cash, bank, and goods) 5,00,000 3,00,000 2,00,000 10,00,000 Baisakh 5 Purchase A/c Dr.   To Hari's A/c (Being goods purchased at 10% trade discount) 1,35,000 1,35,000 Baisakh 8 Drawings A/c Dr. Insurance Premium A/c Dr.   To Bank A/c (Being life insurance and fire insurance paid by cheque) 15,000 25,000 40,000 Baisakh 12 Loss by Fire A/c Dr.   To Purchase/Stock A/c (Being goods destroyed by fire) 40,000 40,000 Baisakh 15 Insurance Co. A/c Dr. Profit & Loss A/c Dr.   To Loss by Fire A/c (Being claim admitted at 75% and 25% loss recognized) 30,000 1...
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BUSINESS MATHEMATICS NEB 12 | OLD IS GOLD EXPLANATION OF QUESTIONS AND SOLUTIONS STEPS BY STEPS

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FEEN Focus EDGE education NETWORK Series: Business Mathematics - Old is Gold (Derivatives) Question No: 1 Topic: Application of Derivatives (Elasticity of Demand) Marks: 5 Question: The demand for a commodity is given by Q = 48 - 3P 2 . (a) Find the point elasticity of demand in terms of P. (b) Find the elasticity when P = 3. (c) If the price of 3 is decreased by 4%, find the percentage increase in demand. 1. Explanation of the Question This is a multi-part case question that tests your understanding of how derivatives apply to economics. First, you are asked to derive the general formula for point elasticity (E d ) using the given demand function. Second, you must calculate the exact numerical elasticity at a specific price point. Finally, you are tested on the core economic meaning of elasticity: using the calculated E d as a multiplier to determine how a percen...
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Reconciliation Full Chapter NEB 12 Accounts

FEEN | Cost Reconciliation Mastery RECONCILIATION BY FEEN SECTION 1: THE CONCEPTUAL FOUNDATION The FEEN Definition: Cost Reconciliation Statement (CRS) is a memorandum statement prepared to identify, verify, and reconcile the difference between the profit/loss shown by Cost Accounts and the profit/loss shown by Financial Accounts. In many manufacturing concerns, two sets of books are maintained. The Cost Clerk records expenses to find the cost of production, while the Financial Accountant records all transactions to find the net profit. Because they use different methods for valuation and recording, their final answers rarely match. Reconciliation is the process of explaining that mathematical gap. SECTION 2: WHY DO THE PROFITS DIFFER? We can break down the reasons into three core FEEN pillars: Reason Category Detailed Explanatio...
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