Dear Sir,

I have bought a vehicle the show room price is Rs.921700,
Registration Rs.60000 Parking Charges Rs.5000 Please let me
suggest What is assets value?

Answer Posted / ramen

The Assets value of Rs 981700 (921700+60000)

Is This Answer Correct ?    28 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

on the basis accounting,acounting is divided in to how many classes and what are they?

1367


What qualities have you got that would make you a good accountant?

617


Tell us what is your proudest accomplishment?

706


Tell me how many types of business transactions are there in accounting?

606


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.

1305






What is entry of Dishonored cheque issued to supplier

885


how to caluclate tds from emloyees and others

1597


Under Accrual Accounting, How Are Worker Comp Premiums Handled?

671


I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1841


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1435


How to group the companies in tally?

1566


under which ledger should i make opening work in progess and closing work in progress

1609


pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

2474


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

2075


hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer

1558