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?Solution
Current Assets – Current Liabilities 7,84,000 - 3,50,000 =4,34,000 Current Assets = Stock + Debtors + Cash = 420,000+340,000+24000 = 7,84,000 Current Liability = Trade Creditors + Bank Overdraft + Short term borrowings = 200,000+1,20,000+30,000 =3,50,000
A branch receives goods from the Head Office at an invoice price that includes a 25% markup on cost. If the invoice price of goods sent to the branch is...
Which is not the essential characteristic of Bill of exchange:
A firm extends credit from 30 to 60 days to push sales, increasing receivables by ₹5 crore. Cost of capital is 12%. What is the annual carrying cost?
What is the maximum time allowed to complete a buyback offer from the date of passing a special resolution?
Donation received by Non-Profit Organization for constructing college library is called:
Calculate the inventory turnover ratio:
Provision for Bad & Doubtful Debt is created in anticipation of actual bad debts on the basis of:
GST Council is an apex constitution body. It was constituted by virtue of Article ______ of the Constitution of India.
Which of the following cost are not excluded from the cost of inventories as per AS 2:
An Indian citizen who stays in India for less than how many days during a financial year is considered a Non-Resident Indian (NRI)?