adspace


How do u calculate closing stock in training account?

Answer Posted / roshan

op stock-purchase=cl stock

Is This Answer Correct ?    0 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me do you have any professional experience of this field?

1208


Do you have any professional experience in this field?

1105


Have you ever made mis reports and what are they?

1132


IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.

2687


What is account payee cheque? Expand ctc cheque?

1267


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1982


As you know account executives need to be talented salespeople. Do you have experience making sales?

1087


What is your greatest achievement and why?

1066


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

2009


Please provide me the entire format of P.F. & ESI

2186


rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.

1767


why i want to join Hawkins company

2314


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.

1793


Tell me what is your track record for consistently achieving your targets?

1434


Why did you choose the a-levels you did?

1147