What is accumulated depriciation

2 Answers  

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what is entry for salary paid in advance ?

31 Answers   Capital IQ,

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How is the accounting for hire purchase transactions done?

0 Answers  

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journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio

3 Answers  

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commision of rs-150 paid but charged to interest account,journal entry

1 Answers   TATA,

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What do you think is a bank reconciliation statement?

0 Answers  

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what is addition of Opening Balance and net profit transfered from profit and loss account called?

1 Answers  

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Which reserve comes on the debit side of Balance Sheet?

3 Answers   TATA,

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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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how to enter ATM withdrawal transaction in tally

10 Answers  

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describe the rule of garner vs murray and how it relates to the dissolution of a partnership

1 Answers   Chevron,

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Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account

1 Answers   Genpact,

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