what is the quick asset

Answer Posted / anand kuamr gupta

quick assets r those which can be easily transferable , & it
is also called variable assets & current assets .

Is This Answer Correct ?    0 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Where to enter bonus and pf esi in tally pls help for me

1653


EXPAND___________INMA

1606


What are the objectives of accounting

1565


Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.

1505


If income and expense both are equal then what it depicts

1609






From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900

1737


what do you mean indirect expanse in trading business?

1922


Explain why retained earnings have an opportunity cost associated?

3051


how to make a project accounting in tally erp9 ?

6412


Can you explain about the distinction of Book-Keeping and Accounting

1629


Difference between nonoperating expentiture and non cash expenditure

2010


How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

1946


What is Hot Issue Income for Hedge Funds?

8345


What is Accommodation Bill

1976


EXPAND_________SEC

1879