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what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
what are responsibilities of an accountant in a company?
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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
what is book profit
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Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
Difference Between Revenue & Capital Expenditure (Give an Example of each )
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