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Answer Posted / shivaraja
San Diego Community Bank
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what do you mean indirect expanse in trading business?
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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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
why the RRB'S not lend loans directly to farmers?
Comments Elements in accounting
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
Who to create a budget on software company
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
how to do the finalise of account? what is the step? why we need to do like that?
• What are the types of cash flows?
What are the accounting conventions and Practices?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
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