7th Voyage is our tabletop miniatures game set in the world of classic stop motion mythic fantasy films of the 60s and 70s
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MEMOIRE AUDIT D'UNE AGENCE DE VOYAGE
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VOYAGE CHARTER AGREEMENTS
A
Workbook Voyage A2 sample
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VOYAGE ACCOUNTING
By,, By
RashyNaaz
Voyage Accounting? •
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Voyage accounting is used to find financial results from the business of marine ship. Owner of marine ship uses it for transporting the goods and passengers. For completing the voyag voyage e accounting, accountant has to open voyage account for each travel. All the expenses of voyage will be included in the debit side of voyage account and all the incomes of voyage will be included in the credit side of voyage account.
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It is similar an ordinary Profit and Loss Account.
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Covers both outward and return journey of the vessel.
Special Attention Expenses
Incomes
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Address commission
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Passage Money
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Insurance
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Primage
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Stores
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Freight
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Depreciation
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Bunker cost
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Port charge
Voyage In Progress •
If one voyage has to complete by going to London from Mumbai and then return from London to Mumbai. At the end of year, if traveling from London to Mumbai is continuing, continuin g, at that time, we have to calculate expenses and incomes on incomplete voyage and treat according to accounting rule. (A) Receiving of Advance Income : i)Deduct advance income of incomplete voyage from total voyage
income or ii) show in the debit side of voyage account account ( B) Paying of Advance Expenses : i ) deduct advance expenses of incomplete voyage from total voyage expenses or ii) show in credit side of voyage account
Exercise Ex ercise 1 •
Kolkata on Example: A ship commenced its journey from Mumbai to Kolkata 31st march on which date the accounts are closed. Ship was on her half way back to Mumbai from Kolkata. The details for the entire voyage to Kolkata and back were :
Freight Rs. 80000 Coal consumed Rs. 14000 Salaries Consumed Rs. 6000 Port charges Rs.3000 Salaries of crew Rs. 8000 Depreciation Rs.8000 Insurance of ship Rs. 10000 Insurance of freight Rs. 4000 Address commission 5% We could get only 30000 rupees freight on return. Primage 10%.
Dr.. Dr
Cr.
Coal Consumed
14000
Stores Consumed
6000
Port Charges
3000
Salaries of Crew
8000
Depreciation
8000
Insurance of Ship
10000
Insurance of Freight
4000
Address Commission
4400
Freight Primage Advance Expense on Incomplete Voyage
80000 8000 27650
Advance income from freight 30000 + 30000 X 10%= Net Profit ( Balancing figure)
33000
25250 115650
115650
1) 2) 3)
Primage = 80000 + 10% = 8000 Address Commission = 5% on freight + Primage = 5% on 88000 = 4400 Adv Ad van ance ce fr frei eigh ghtt on on inc incom ompl ple ete vo voy yag age e= Freight: 30000 Primage: 10% on 30000 = 33000
4)
Advance Expenses on Incomplete Voy Voyage age = Address commission = 5% on 33000 = 1650 Insurance Advance premium of freight= 4000 X advance only freight / total freight = 4000 X 30000/80000 = 1500
because half travelling is completed and half is incomplete. So, it means 1/2 of all other expenses are advance
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½ on Other Expenses: coal consumed + store consumed + port charges+ salaries + depreciation + insurance of ship 1/2 X (14000 + 6000+3000+8000+8000+10000) = 24500 ----------------------------------------------------------------Total Advance Expenses = RS. 27650 ===========================================
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SS Himalaya set out on a voyage from Calcutta to Bombay, On December 31 the accounts are to be closed, the return voyage had not been completed. The details for the entire Voyage to Bombay and back to Calcutta completed after December 31 were:
Freight Rs. 400000 Coal consumed Rs. 70000 Salaries Consumed Rs. 30000 Port charges Rs.15000 Salaries of crew Rs. 40000 Depreciation Rs.40000 Insurance of ship Rs. 20000 Insurance of freight Rs. 8000 Address commission 5% Only Rs.150000 freight was available on the return journey. Prepare Voyage Accounts.
Dr.. Dr
Cr.. Cr
Coal Consumed
70000
Stores Consumed
30000
Port Charges
15000
Salaries of Crew
40000
Depreciation
40000
Insurance of Ship
20000
Freight Primage Advance Expense: (107500+11250)
400000 40000 1,18,750
Insurance of Freight 8000 Address Commission 22000 Advance income