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How will service tax & excise be charged?


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More Accounting General Interview Questions

What is Reserve & Surplus? Plz give me with some Example.

10 Answers   Bank Of India, Genpact, iGate,


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.

0 Answers   BOCODOL,


Topic contra entry; How to post cash withdrawn from bank for office work? the journals to be passed?

0 Answers  


what is the difference between profit center area and business are.? please make me clear.

0 Answers  


sold some office equipment of rs 1,300 (proceeds beingreceived as rs 700 by cheque and balance in cash) and paid the cheque into his private bank . what will be the journal entry please give answer when you sure about it thanks

3 Answers   Genpact,


What Is The Genral Accounting Give Me Details

1 Answers  


what role did you play in collections?

0 Answers  


What is the entry for bad debts recovered

10 Answers   Core Logic, Libra International,


What is the formula for acid test ratio in accounting?

0 Answers  


what is Purchase Book & sales Book?

0 Answers   EDS,


i want to know that which head post the bill of energy audit payment in tally.

1 Answers   Milestone,


What are source documents in accounting?

0 Answers  


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