wahat is the journal entry for cheque paid for collection
but not collected?
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What are the activities that are included in the cash flow statement?
Explain some of the accrued expenses and the accounts in which you would record them?
Explain me fair value accounting?
Sir i want to ask that if the salary above 6500/- than also pf deduct.
what is service tax & excise? How will it be charged?
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?
Define fictitious assets?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
what is the meaning of written-off as goodwill written-off
There is no item category assigned to account
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
what is dmat charges?
cash credit taken from bank then what is the general entry?
What are depreciation and amortization?
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.