adspace


How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power

Answer Posted / Shiv Gopal Mishra

Advances to suppliers for purchase of raw materials are considered as liabilities, not expenses. They should be excluded from Drawing Power calculations, which typically only include variable manufacturing costs such as direct labor and variable overhead.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is your opinion regarding T.V shows on youth

2850


describe any accounting process that you have developed or revised

1132


formula of reduction in tax credit of vat form 201(gujarat)

4331


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1886


Which accounting applications are your familiar with?

1061


please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

2022


what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1997


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

1114


what accounts payable applications are your familiar with?

1224


Do you have any professional experience in this field?

1105


How many invoices on average do you handle on a weekly/monthly basis?

1329


why i want to join Hawkins company

2314


Explain a time when you have not met your goal?

1181


PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330

5049


Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00

2231