HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______

Related MCQs

• HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price
• H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?
• Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.
• H.O. has sent goods on invoice price worth Rs 2,40,000 which are 25% above cost price. What is the loading element?
• The adjusting entry for difference between the invoice price and cost price of goods are shown in ________
• Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?
• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______
• While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
• The Market price of good declined than the cost price. Then the concept that plays a key role is ____