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Answer Posted / manish
assets is thing which is use in business for long term
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What is capital adequacy ratio? What is demat account?
why accounting is important in business?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
what is share application money pending allotment?
What are the reasons which cause pass book of the bank and your bank book not tally?
What do u mean by press releases
What is accounting ethics?
Explain the accounts payable cycle
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
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.
Explain me do you think accounting standards are mandatory and why?
is we can prepare any account for partnership in tally
What methods do you use to discover sales opportunities?
What is the tds effect in balance sheet if tds receipts?
