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Answer Posted / rakesh
rtgs meaning of real time gross settlement .
It is best heavy money transfer for CBSC branches in india .
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In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?
Explain what is involved in the process of double-entry accounting?
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Expand ctc cheque?
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Explain some of the accrued expenses and the accounts in which you would record them?
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.
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is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
