Answer Posted / laymanblog
The funds which are required to carry the day to day
operations of an company. Its basically the short term funds
required to carry the business. The number(WC=CA-CL) depends
on sector to sector(basically fmcg sector has even negative
wc, which doesnot mean its not performing well, it means it
could able to pay its current liabilities from its current
assets itself. The days of Creditor Turnover (CTR), and Debtor
Turnover (DTR) has to be considered)
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
What is book profit? How it was calculated
How is an accounting department structured?
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
what is the procedure to appoint an Austrlian citzen as indian company director...
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
When we received payment from creditors
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???
How calculate holding company account?
Do you know company's payable cycle?
what is current rate of excies duty for a manufacturing company?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
Sold goods to Gasha 600 by cash
bank jobs
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
