Answer Posted / pradeep
the formula of current ratio in acconting is = current
assets/current liabilities
current assetes = cash in hend , current debtors, stock etc.
current liabilities = creditors , short term loan , all
short terms payable etc.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
please explain all accounting concepts n conventions in detail
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
what is use of cost center category in tally ? why & when use this ? what is benfit ?
How will service tax & excise be charged?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
Tell me what a deferred asset is and give an example?
What is executive accounting?
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?