what is consignment entry?

11 Answers   Genpact,

---

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,

---

as we are working in erp jd edwards in this the company gives advances to their employee for expenses n receives the amount either by cash or receives the same by deducting the salaries wt type of accounting entry will be passed

3 Answers   ATS, L&T,

---

if we import purchase of $ 20000 /rs. 80. but when we payment the party the price of Rs. 50. then how we make entry of this type of purchase.

2 Answers  

---

Do you think there is any difference between inactive and dormant accounts?

0 Answers  

---

what are contingent liabilities?

4 Answers   HP,

---

how to prepare balance sheet , p and l account ,

13 Answers  

---

which is best CA or MBA?

1 Answers   CESU,

---

What is the revenue recognition principle?

0 Answers  

---

Closing entries of P&L account

1 Answers  

---

Could you tell someting Use's of Trial Balance and where we get the details.

3 Answers   Genpact, MNC,

---

examples of real accounts

3 Answers  

---