Month: February 2022

Variable Cost Income Statement

The contribution margin shows how much money is left to cover the fixed costs. Fixed selling expenses are 10000 and variable selling and administrative expenses are 3 per unit. Variable costing is an income statement used internally by management to evaluate and measure costs and can sometimes be generated using a variable costing income statement […]

Departmental Income Statement Example

In the Financial Reporter you can use File Import to retrieve statements between programs. The company has an income tax rate of 25. From Sales Through Gross Profit. Add the revenue and costs from all operational departments. Also they estimate selling 30000 refrigerators and each refrigerator costs the company 350 to produce. 2 Effortless Business […]

26as In Hindi

Form 26AS which was earlier just a tax credit statement was later converted into Annual information statement and it is then that we came to see more of such SFT transaction being linked in our Form 26AS. The income tax department vide a Press Release dated 18th July 2020 informed that Part-E of the new […]