What is Exgratia???
Answer / jayanta mohanty
Exgratia word has come from Latin word.It's literary
meaning is something extra ,over and above the liabilty.
Thus the Exgratia payments refers to a payment made to
someone in addition to the actual liability to pay.
For example, a lump sum payment over and above the pension
benefits of a retiring employee.Ex-gratia is Latin form,
from favor or as a favor. Also called ex-gratia settlement.
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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
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EXPAND_________VRD
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