what is the meaning of A/c

5 Answers   HP, Infosys,

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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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What do you mean by the word Loss in nominal accounting Give some examples

2 Answers  

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difference between banker's cheque and cheque

1 Answers  

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how to strong my account for long time?

3 Answers  

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what is the mean of ABC analysis ?

8 Answers  

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Who is Sundry Debtor and who is the sundry creditor ?

18 Answers   Finance, Home, Reliance,

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IS IT NECESSARY TO TRANSFER DATA FROM WTALLY9 TO EXCEL AND VISE VERSA?

3 Answers   Infosys,

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we had company we provide work others they deducted tds how to pass entries in my company please tell me

1 Answers  

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What is fitting and fixtures?

0 Answers  

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What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP

0 Answers   Cap Gemini,

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why could the companies conduct interviews, with out recruiting people?

2 Answers  

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