Answer / v.raghunadh corporate advocate

working capital simply means capital meant for working and if the working capital is not maintained sufficiently the impact may fall upon the working or functioning of the organisation. Working capital is simply the sum total of all current assets maintained by the company and net working capital is nettting af all current liabilities from the current assets.

A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000

2 Answers   IMT, Wipro,

---

what is a difference between public and private accounting?

1 Answers  

---

what is Bills payable

1 Answers   IBM,

---

how would you describe youself

1 Answers   ABC,

---

how to calculate working capital?

6 Answers  

---

what is meaning of npv(net present value)

1 Answers   bscpl,

---

Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

4 Answers  

---

Option

2 Answers   Bank Of America,

---

x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

1 Answers  

---

What is meaning of invoice?

1 Answers  

---

director wife expenses which entry

1 Answers  

---

Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

1 Answers  

---