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Answer Posted / nandeesh
2011-012
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I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
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.
What is meant by turnover?
what are the different types of expenditures considered for the purpose of accounting?
how can we get a leaverage in intraday market if are not a professional acount holder?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
What software applications have your used for accounts receivable?
List out things that fall under intangible asset?
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Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
What is fitting and fixtures?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
In accounting, vat abbreviates what?
What is fractional code and how can i get a fractional code for a particular account?
we can transfer stock between two firms with same name but prop. is different.
