Answer Posted / murali royal

Revenue is that which comes from regular or daily business.

Income is that that which comes with efforts.

Income includes revenue.

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

2293

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what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

2239

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You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

2100

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Can I check my Vantage credit score range online?

1982

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what is the accounting conventions

4222

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commisiion recieved journal entry and receipt required

1464

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why are you selecting for the controlling area same company code?

2163

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What do you mean Business

2247

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with out college degree con't we dc accounting job?

1977

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In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

2115

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

1992

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what do you mean indirect expanse in trading business?

2271

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If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.

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Why does one need a broker?

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Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

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