Loading

Write short notes on the following: a) Loading b) Joint venture

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a) Loading Meaning Loading in accounting refers to the amount added to the cost price of goods to arrive at the invoice price. This additional amount includes profit margin or markup. Loading is commonly used in consignment accounting to ensure that goods are recorded at an inflated price for internal tracking and profit-sharing purposes. Purpose […]

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What is loading? How do you compute it? Give examples.

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Introduction In accounting, particularly in consignment and branch accounts, the term “loading” refers to the difference between the cost price and the invoice price (or selling price) of goods. It represents the profit margin or markup added to the cost by the consignor or head office. Understanding and computing loading is crucial for accurate accounting

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