Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / gurdeep singh
It is the time period involved in the conversion of raw
material/resources into finished goods or services
including the credit period involved for selling
products/services.
In simple language……. let me give you an extreme example
Suppose a business buy raw material on 1st jan and it takes
one month to convert this raw material into finished goods.
On 1st feb good are ready for sale i.e. stocked at
warehouse on 1st march goods are sold and on 1st april
payment is received. Now this revenue will be used to buy
fresh raw material.
The Operating cycle is 3 months….. The time taken to
convert Working capital into revenue.
Correct me if I m wrong ……………….
| Is This Answer Correct ? | 63 Yes | 8 No |
Post New Answer View All Answers
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Give me total Details of payroll calculation, payslip with examples.
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
Short Answer on ______Amortization
EXPAND_________SCM
Meaning of portfolio management?
EXPAND___________NAA
how an accountant can do budgetery controls of expenses?
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
EXPAND_________SEB
what is ledger account
What is revaluation of Accounts, how does it is accounted in business
how we could adj. the entries of prop. & firm in merging time
