the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.

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expand F B T

4 Answers  

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Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

0 Answers   ICAI,

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How Many Type's of Cheques? with explanation and Examples?

5 Answers  

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IF CASH-IN-HAND COMES IN CURRENT ASSET(HEAD) THEN PLEASE TELL ME IN WHICH HEAD COMES "SALES RETURN" AND "PURCHASE RETURN"

10 Answers   Genpact,

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If a professional Musician hired for one time for Rs. 5000/-, is it compulsary to deduct the TDs from that amount?

3 Answers  

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Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry

1 Answers  

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what is open item managed account?

1 Answers   IBM,

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What is the entry for forfeiture of shares?

6 Answers   Capital IQ,

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What is accrued account payable?? Give some journal entries with examples.

3 Answers  

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Over-hauling expenses of a secon hand machinery should be debited to ---------

2 Answers  

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

0 Answers  

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