Answer Posted / samuel alexander
The reserve which is made from capital gains is called
capital reserve
| Is This Answer Correct ? | 13 Yes | 6 No |
Post New Answer View All Answers
Explain financial accounting. What are its characteristic features?
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
Journalise- opened a saving a/c with S.B.I. ?
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
how pass journal entry in the month ending for input vat and out put vat
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.
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
Tell About ur self what will i say plz help me
What is the importance of accounting standards?
What are control ledgers?
Accounting for vc money in financials
Why did you select accounting as your profession?
Differentiate accounting and auditing?
journal entry for prepaid insurance and salary outstanding
Into which account do we close the revaluation account balance during the winding up of a company?
