Interested to Buy Any Domain ? << Click Here >> for more details...
what is LIFO method & procedure ? How you can calculate it ?
What is Fund flow ? & what is Cashflow method ? whais is
the use fund flow & cash flow in company?
- 2 Answers
- 5361 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
LIFO(Last in First Out)-This is a method of valuation of
stock (Inventory), where in the latest price of goods
purchased is applied for valuing the inventory at any time.
This is applied only for valuation & not for use of
materials/goods for sale or consumption, as it is always on
FIFO, i.e. stock first received will be sold or consumed
first. There are other method of stock valuations as well -
FIFO9First in First Out), Average Price & Weighted Average
Price.
Funds Flow refers to movement of funds (Working Capital)
during a an accounting period (Month, Quarter, Half year or
year). This statement is prepared to know who the working is
utilised during the period and what is the position of funds
as at the close of that accounting period.
Cash Flow refers to movement of money (Receipts & payments)
during the specified accounting period. Cash-Flow Statement
helps in knowing opening position, receipts from various
sources, payments for various purposes and closing position
of cash & bank balance.
Both Cash-Flow & Funds-Flow help in formulation company's
future course of action & ensure no cash-crunch situation as
also optimum utilisation of available financial resources.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
Is form 38 mandatory to issue c form in up. thru online mode
How often is the stock market ticker updated? 15sec? 30sec?
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?
analyses of Cost control
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain
hat is the meaning of the capital ique,and hat is capital,and ahat is ique
what is the abrevation for JJ in form jj
How to analyse the day to day sensex Points or Forex Values?
Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?
