Answer Posted / pardeep kaushik

assets which are purhased for long term use by the company
are called fixed assets. they are only sold in such
position when they become useless or operation of new
technique .

Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2312

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i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

1942

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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.

2089

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paid two years rent N1200, bought Motor van for cash N3000

2002

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2295

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what do you mean indirect expanse in trading business?

2285

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what is pre settlements and post settlements in Derivatives?

2157

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Process of the settlement cycle?

2121

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hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

2039

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I want to know with example of vat & Salestax

2323

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give me only one transactions in both side (debit&credit) should be in real accounts

2186

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2120

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why you would like to work for the our(AIRLINE) Group ???

2160

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What will be entry pass in tally if TDS paid by Credit Card.?

2077

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What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

2325

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