Answer Posted / parveen kumar
diret expenses are those expenses which are directly spent
to convert raw material/goods into finished/final product.
Eg: factory lighting & heating .
wages (given to factory labours) etc...
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Explain what qualities and skills make an account manager successful?
What is the general classification of accounts that usually ledger account involve?
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
What is the difference between lc and bg(letter of credit
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 transaction?
Do you know balancing in accounting?
Unrealised profit will be debited to ?
in what circumstances it is mandatory to calculate the goodwill.
total assets are equal to total liabilities in final accounts ?why?
Explain me some of the examples for liability accounts?
how to solve cashbook question
what are the direct expense of loan department in banks.
Do you know retail banking?
Capital reserve is - a) real account b) nominal account c) personal account d) none of them