Answer Posted / thimmappa poojari
One of the most important tool used for financial reports
analysis in which quantities of amounts are converted into
quantitative ratio for meaningful comparisions with past
financial reports. And also to comapre the
performance /status with that of other simliar / different
industry / firms.
Ratio analysis is a base to understand & to take action on
weaknesses or strengths of the particular firm/business and
so it's a trend setter.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is entry of Dishonored cheque issued to supplier
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
Do you know retail banking?
What are the different fields of accounting?
Pls let me know Job profile for Account Manager.
Please explain the difference between provision and reserve?
Explain what does financial statement of the company includes?
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
What is bond ? What is capital market?
What is meant by balancing?
What do you debit and credit if discount allowed is underrated?
simply define shares and debentures
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
