Answer Posted / vijay007in
Liquid or Quick or Acid Test Ratio =
( Current assets - Stock - Prepaid Expenses)/(Current
Liabilities - Bank Overdraft - Prereceived Income)
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
How do the standards assist the users of financial report?
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
Name some errors which can be detected by Trial Balance
how to do the recurring entries or steps to follow that
Expand SCERT
service tax form no ? What is CC Limit ? What is branch accounts?
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
Expand---------DEP
What is DRA in bank reconciliation.
what is new updates in account
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
it is better to invest in which securities short term/long term or both? please reason4 the same