Which of the following is the best explanation of the relevance of equivalent production units in process costing?
The conversion of partly completed units into an equivalent number of completed units in order that costs may be shared equitably is the explanation for Equivalent Production
A and B invested Rs.4000 and Rs.8000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
A and B started a business by investing Rs.300 and Rs.400 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual p...
'Arjun' initiated a business with an investment of Rs. 1,200. After eight months, 'Bhishma' joined the business with an investment equivalent to 60% of ...
Ashish started a business by investing Rs. 4200. Few months later; Ramesh joined him by investing Rs. 4800 such that at the end of the year, the profit ...
A and B together start a business with investment of Rs. 2100 and Rs. (x + 800), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
‘A’ and ‘B’ invested Rs. 4800 and Rs. 3200, respectively in a business, together. After 6 months, ‘A’ withdrew 25% of his initial investment...
A and B entered into a business investing Rs. (x + 60) and Rs. (x – 55) respectively. After one year they invested Rs. 120 more and Rs. 150 more respe...
A and B invest in a business in the ratio of 2:3, B left the business after X months, C joins the business with twice investment as compared to that of ...
'X' and 'Y' invested 'a + 2400' and '2a', respectively, to launch their businesses. 'X' withdrew half of his money four months later. Determine 'X's inv...
The savings of I and J are the same. The difference between J's expenditure and the savings of I and J together equals 0. J's income is Rs. 54,000, and ...