Answer / raghupathi vengala

the gradual reduction of an intangible fixed assets is
called amortization

Answer / ajay s. chaurasia

Amortization is writing off the value of fictitious &
intangible assets.For example, if goodwill has a fifteen-
year life with a value of $60,000, the amortization expense
on the straight-line method would be $4,000 ($60,000
divided by 15 years.)

Answer / raju gupta

reduction in the value of fixed integrable asset is called
amortization....

Plastic money

3 Answers   Bank Of America,

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If there are 15 credit purchases during a given month, then there will be ....................... posting from the purchase book at the end of the month

2 Answers  

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The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

0 Answers   BOCODOL,

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genteral interview question for accounting

2 Answers   Capital IQ,

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what is Cost of Goods Sold give example?

3 Answers   EDS,

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Explain in simple terms what is the difference between asset, equity, and liabilities?

0 Answers  

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LOSS IS AN ASSET OR LIABILITY ?

5 Answers  

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2. Cash Break Even: SIPW Company sell windows. Windows are sold for $ 25/- each. Variable cost is $ 15/- per door and total Fixed Operating Costs are $ 50,000 /- which includes depreciation in the amount of $ 2,000/-. How many units of windows the company has to sell for Cash Break Even?

2 Answers  

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what is gl a/c? & why is it maintain

0 Answers  

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what is the princple of debit & credit?

2 Answers  

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What is the Difference Between Income Tax and TDS ?

4 Answers  

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trial balance is not a conclusive..?

4 Answers  

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