Question
Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000 Calculate net working capital?
More Accounts Questions
- Which of the following incomes is not chargeable under the head "Income from Business or Profession"?
- A Public Cloud is characterized by:
- XYZ Ltd. buys software for ₹10 lakh, with a license period of 3 years. How should it treat this in books?
- Goodwill acquired in a business combination must be tested annually for impairment. To which level should it be allocated for testing?
- What is the primary objective of implementing a budgetary control system within an organisation?
- A retailer begins the month with 200 units valued at ₹50 per unit. During the month, they purchase 300 units at ₹55 and later 500 units at ₹60. By month-en...
- In working capital management, the period of continuing flow of cash to suppliers, to inventories, to accounts receivable and back into cash is known as:
- Modigliani-Miller (MM) Approach is based on some assumptions. Which of the following is not an assumption of MM Approach?
- Which of the following in not a correct base adopted for apportionment of expenses over each department?
- A company follows a conservative working capital financing policy. Which of the following statements best describes its financing approach?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
