Answer / ravindra

Bank over draft is nothing but the limit of over draft
sanctioned by the banker to the company

bank occ stands for office of the controller of currency
it regulatesand supervises national bank including domestic
banks or foreign banks

Z=52,act=48 then bat will be equal to

1 Answers   State Bank Of India SBI,

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Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.

4 Answers   Infosys, Muthoot Group,

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If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

1 Answers   Farmax,

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Whatid the rate tds on rent of plant and machinery ?

3 Answers  

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What are direct and indirect taxes?

7 Answers   Genpact,

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8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.

0 Answers  

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what is payment written

0 Answers   Accenture,

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Wha is difference between expenses and expenditure

0 Answers   Alshaya,

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what is bills receviables?

9 Answers  

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What are the transactions and journal entry involved when a customer makes purchase or does payment for his own consumption or purpose through debit card?

2 Answers  

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what is different between accouts receivable and billing?

1 Answers  

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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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