UPSC Exam > UPSC Questions > From the following figure for a year relating...
Start Learning for Free
From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive?
Most Upvoted Answer
From the following figure for a year relating to the Delhi branch of a...
Understanding the Financial Transactions
The financial transactions between the head office and its Delhi branch involve the following key components:
1. Goods Invoiced to the Branch
- Goods were invoiced to the Delhi branch at a cost-plus pricing model.
- The cost of goods invoiced to the branch is 100,000.
- The markup is 100%, meaning the selling price to the branch is 200,000.
2. Goods Defective by the Branch
- The branch reported defective goods amounting to 10,000.
- This reduction in goods affects the inventory and financial reporting for both the branch and the head office.
3. Cash Expenses Incurred
- The branch has cash on hand for expenses amounting to 100,000.
- These expenses could include operational costs, salaries, and other necessary expenditures that keep the branch running.
4. Summary of Transactions
- Total goods invoiced: 200,000 (cost of 100,000 + markup).
- Total defective goods: 10,000, which may need to be accounted for as a loss or adjustment in inventory.
- Cash available for expenses: 100,000, suggesting a need for effective cash flow management at the branch level.
Conclusion
In summary, the Delhi branch's financial transactions reflect a significant markup on goods, an acknowledgment of defective goods, and cash management for expenses. These factors are crucial for assessing the branch's operational efficiency and financial health. Proper accounting and reporting of these transactions will ensure transparency and accuracy in the financial statements.
The financial transactions between the head office and its Delhi branch involve the following key components:
1. Goods Invoiced to the Branch
- Goods were invoiced to the Delhi branch at a cost-plus pricing model.
- The cost of goods invoiced to the branch is 100,000.
- The markup is 100%, meaning the selling price to the branch is 200,000.
2. Goods Defective by the Branch
- The branch reported defective goods amounting to 10,000.
- This reduction in goods affects the inventory and financial reporting for both the branch and the head office.
3. Cash Expenses Incurred
- The branch has cash on hand for expenses amounting to 100,000.
- These expenses could include operational costs, salaries, and other necessary expenditures that keep the branch running.
4. Summary of Transactions
- Total goods invoiced: 200,000 (cost of 100,000 + markup).
- Total defective goods: 10,000, which may need to be accounted for as a loss or adjustment in inventory.
- Cash available for expenses: 100,000, suggesting a need for effective cash flow management at the branch level.
Conclusion
In summary, the Delhi branch's financial transactions reflect a significant markup on goods, an acknowledgment of defective goods, and cash management for expenses. These factors are crucial for assessing the branch's operational efficiency and financial health. Proper accounting and reporting of these transactions will ensure transparency and accuracy in the financial statements.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive?
Question Description
From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive?.
From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive?.
Solutions for From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? defined & explained in the simplest way possible. Besides giving the explanation of
From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive?, a detailed solution for From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? has been provided alongside types of From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? theory, EduRev gives you an
ample number of questions to practice From the following figure for a year relating to the Delhi branch of a head office which invoice good to its branch at cost plus 100% prepare good involve to branch 100000 goods defeat by branch 1 lakh 10000 cash hand for expensive? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup