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Answer Posted / bhabesh (muna)
Tour advance (expense) A/c Dr 2000
To Cash / Bank A/c 2000
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Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
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.
Spinoff,Spelloff
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
What is short term solvency ratio?
what is apply SI post
Explain what is gaap?
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
What is the objective of the balance sheet?
Under what type of account do the unearned revenues fall?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
