Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / vijayaraghavan
opening balance
(ADD)
Drawings
(ADD)
Income
(LESS)
Expenditure
| Is This Answer Correct ? | 3 Yes | 8 No |
Post New Answer View All Answers
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
How the Entry passed for Loss of Payment
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
how will you adjust voluntary seperation payment in cash flow statement
Tell me what a deferred asset is and give an example?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
What do we mean by Redemption of shares and debentures?
what is profitability ratio and dividend policy ratio
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.
What is accounting for plant assets?
Which forms in use in service Tax, Excise duty and Vat for the return.
Explain what does financial statement of the company includes?
Tell me what does the standard journal entry includes?
have you ever been involved in an invoice dispute? How did you manage the problem?
What is a business transaction in accounting?
