Calculate the current assets from the following information A>credit sales Rs.2,00,000 B>G.P.ratio 20% c>stock turnover 5 times. D>Current liabilities Rs.60,000 E>Quick ratio 0.75 Stock at the end Rs.5000 was more than the stock in the beginning.

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income tax refunds should be accounted for on cash basis or accrual basis

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what is meant by inter trading

2 Answers   Karvy,

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1. How do we calculate the Closing Stock ? 2. How many types methods are used for calculating closing stock ?

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Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

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Expand---------MDTR

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SHORTCUT KEYS WITH DESCRIPTION IN TALLY7.2 PLZ ANSWER IT.

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what do you mean by semi-variable cost?

4 Answers   Capital IQ,

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Expand ________DGFT

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Take me through the entire vendor cycle.

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Expand ________GIR

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