Question

A Company has fixed cost of 90,000, Sales ? 3,00,000 and profit of ? 60,000. You are required: -
(a) Sales volume if in the next period, the company suffered a loss of Rs 30,000
(b) What is the margin of safety for a profit of Rs 90,000?​

Answer 1

Answer:

Ashwin Ltd Issued 5000 shares of Rs.10 each and 10000 Preference Shares of Rs.10 each. The share capital was collected as follows.

Equity Shares(Rs.)

Preference Shares (Rs.)

Application

2.50/-

2.00/-

Allotment

2.00/-

3.00/-

First Call

3.00/-

2.00/-

Second & Final Call

2.50/-

3.00/-

All the shares were subscribed. The Final call on 800 equity shares and 1200 prefernce shares were not received.

Show the Journal of the Company.