bank OD will be shown under which head in bal. sheet?cash nd equivalents or curr. liabi.?
Prepare the format of balance sheet and explain the various elements of balance sheet.
Q) Calculate the amount of Opening Trade Receivables and the Closing Trade Receivables from the following particulars :
Cost of Revenue from Operations 9,00,000
Gross Profit on Revenue from Operations 25%
Cash Revenue from Operations 20% of credit revenue from operations
Trade Receivables Turnover Ratio 5 Times
Closing Trade Receivables were 3 times than that in the beginning .
1 What do you mean by liduidity oder of assets and liaibilities ? Explain with example.
1] under which type of activity will u classify 'Interest paid on long term borrowings ' while preparing the CFS?
2] State with reason whether 'Discount received on making payment to suppliers' would result innt inflow, outflow or no flow of cash.
also tell me dat if i had answered about the the type of activity and not the reason, how much marks i got?
3] explain how financial statements analysis ignore qualitative elements?
4] under what heads and sub-heads will the following items appear in the balance -sheet of a company as per revised schedule vi part of the companies act, 1956:
i) stores and spares
ii) proposed dividend
iii) computer software
what is the Major Head and sub-head of Preliminary Expenses?
when liability is classified as 'current' and when it is classified as 'non-current' ?
bank OD will be shown under which head in bal. sheet?cash nd equivalents or curr. liabi.?
Prepare the format of balance sheet and explain the various elements of balance sheet.
Q) Calculate the amount of Opening Trade Receivables and the Closing Trade Receivables from the following particulars :
Cost of Revenue from Operations 9,00,000
Gross Profit on Revenue from Operations 25%
Cash Revenue from Operations 20% of credit revenue from operations
Trade Receivables Turnover Ratio 5 Times
Closing Trade Receivables were 3 times than that in the beginning .
bales. The invoice price of each bale was Rs 1,500 each which includes 20%
profit on invoice price. The consignor paid Rs. 2,500 for insurance and Rs
4,000 for carriage and freight. The consignee received cotton bales and sold 75
bales for cash and realised Rs 1, 12, 500. He incurred Rs 1,800 on godown rent
and was allowed 10% commission on sales. 5 cotton bales were spoiled in
godown and they are to be valued at 50% depreciation. Show consignment
account in the books of Modi Textiles.
1) acceptances
2) underwriting commission
3) bills of exchange
4) prepaid insurance
5) advances from customers
6) public deposits
Fixed vs variable ratio- 70:30
Ctc-18L
Basic-50%
Hra- 20%
Da - 12%
Travel allowance- 2000 Insurance - 2500
Incentive- 75% target completion Pf 12%
Earned leaves - 2
LOP - 4
1 What do you mean by liduidity oder of assets and liaibilities ? Explain with example.
1] under which type of activity will u classify 'Interest paid on long term borrowings ' while preparing the CFS?
2] State with reason whether 'Discount received on making payment to suppliers' would result innt inflow, outflow or no flow of cash.
also tell me dat if i had answered about the the type of activity and not the reason, how much marks i got?
3] explain how financial statements analysis ignore qualitative elements?
4] under what heads and sub-heads will the following items appear in the balance -sheet of a company as per revised schedule vi part of the companies act, 1956:
i) stores and spares
ii) proposed dividend
iii) computer software
what is the Major Head and sub-head of Preliminary Expenses?
when liability is classified as 'current' and when it is classified as 'non-current' ?