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  • Cost Accounting

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    Saupan Upadhyay
    33 views4 pages
    solution of sum

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    Cost accounting

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    solution of sum

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    33 views4 pages

    Cost Accounting

    Uploaded by

    Saupan Upadhyay
    solution of sum

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    For Reporting Purpose

    Year
    1997
    1998
    1999
    2000
    2001
    2002

    Cost
    2750000
    2750000
    2750000
    2750000
    2750000
    2750000

    Dep Exp
    275000
    550000
    550000
    550000
    550000
    275000

    SLM Rate
    Acc Dep
    275000
    825000
    1375000
    1925000
    2475000
    2750000

    For Tax Purpose


    Year
    1997
    1998
    1999
    2000
    2001
    2002

    Cost
    2750000
    2750000
    2750000
    2750000
    2750000
    2750000

    Dep Exp
    550000
    880000
    528000
    316250
    316250
    159500

    Acc Dep
    550000
    1430000
    1958000
    2274250
    2590500
    2750000

    1
    Ending BV As per Books - SLM
    2475000
    1925000
    1375000
    825000
    275000
    0

    2
    Ending BV as per Tax -WDV
    2200000
    1320000
    792000
    475750
    159500
    0

    3
    Diff
    275000
    605000
    583000
    349250
    115500
    0

    Def Tax Liability


    Year
    1997
    1998
    1999
    2000
    2001
    2002

    Method 2
    I/S for Reporting -SLM
    Year
    1997
    1998
    1999
    2000
    2001
    2002

    1
    Profit before deferred tax
    1500000
    1500000
    1500000
    1500000
    1500000
    1500000

    2
    Dep Ex
    275000
    550000
    550000
    550000
    550000
    275000

    3
    PBT
    1225000
    950000
    950000
    950000
    950000
    1225000

    I/S for Taxes - WDV


    Year
    1997
    1998
    1999
    2000
    2001
    2002

    Profit before deferred tax


    1500000
    1500000
    1500000
    1500000
    1500000
    1500000

    Dep Ex
    550000
    880000
    528000
    316250
    316250
    159500

    PBT
    950000
    620000
    972000
    1183750
    1183750
    1340500

    Year

    Tax Prov

    Tax Paid

    1997
    1998
    1999
    2000
    2001
    2002

    490000
    380000
    380000
    380000
    380000
    490000

    380000
    248000
    388800
    473500
    473500
    536200

    550000
    Ending BV
    2475000
    1925000
    1375000
    825000
    275000
    0

    Ending BV
    2200000
    1320000
    792000
    475750
    159500
    0

    3*Tax rate
    DTL
    110000
    242000
    233200
    139700
    46200
    0

    Year
    1997
    1998
    1999
    2000
    2001
    2002

    Def Tax Exp


    110000
    132000
    242000
    -8800
    -93500
    -93500
    -46200
    -242000

    0.4
    4
    Tax Prov
    490000
    380000
    380000
    380000
    380000
    490000

    5
    PAT
    735000
    570000
    570000
    570000
    570000
    735000

    Tax Paid
    380000
    248000
    388800
    473500
    473500
    536200

    PAT
    570000
    372000
    583200
    710250
    710250
    804300
    Def Tax Exp

    DTL

    WDV Rate
    20%
    40.000%
    32%
    19.20%
    11.50%
    11.50%
    5.80%
    11.60000%

    110000
    132000
    -8800
    -93500
    -93500
    -46200

    110000
    242000
    233200
    139700
    46200
    0

    242000

    -242000

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