what is ccr rate
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If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?
If I purchase and sale of goods at same price then effect in trading, P & L A/c
Define bills receivable?
What a deferred asset is and give an example?
HOW MANY CHART OF ACCOUNT WE CAN DEFINE IN A COMPANY CODE. (SAP QUESTION)
what is basic general accounting.
0 Answers Genpact, Helios Pharmaceuticals,
We are dealing in a security (MANPOWER PROVIDER)WE HAVE A PROBLEM AS PER OUR CLIENT'S REQUIREMENT pf and esic challan seprately require by client's can we generate seprate challan Please advice as early as possible.
Why is it necessary to prepare Asset Disposal Account?
what kind of items are posted in the income statement?
2 Answers eClerx, Tata Motors,
recently watched film narret the story.
1 Answers FactSet Systems, HCL, JPMorgan Chase,
What is the definition of accounting?
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.