Answer Posted / sandip mishra
generally acepted accounting principle
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
What are the different types of gst?
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
Who is the sundry creditors
Account for letter of credit in the books?
What are accounting rules called?
What is tally and its features?
please explain all accounting concepts n conventions in detail
Define bills receivable?
Do you possess any knowledge about accounting standards?
Recent trends in Corporate Governence?
export sales contract and domestic sales contract? india's trade in commercial services?
What is vendor?
Explain what is bad debt expense?
What are the disadvantages of manual accounting?
