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Accounting
A debtor with an outstanding balance of N$71 500 on 31 December 2018, was declared insolvent and placed under liquidation on 20 January 2019. The liquidator indicated that creditors will receive 30 cents in the rand. No allowance for credit losses was made at reporting date. Is this an adjusting event or non-adjusting event?
Accounting
What is capital expenditure ? Give two examples of capital expenditure.
Accounting
Give a formula to calculate ' cost of goods sold'
Accounting
Calculate closing stock and cost of goods sold :
Opening stock ₹ 5000; sales ₹ 16000; carriage inwards ₹ 1000; sales return ₹ 1000;. Gross profit ₹ 6000; purchase ₹ 10,000; purchase return ₹ 900.
Opening stock ₹ 5000; sales ₹ 16000; carriage inwards ₹ 1000; sales return ₹ 1000;. Gross profit ₹ 6000; purchase ₹ 10,000; purchase return ₹ 900.
Accounting
Calculate closing stock from the following details :
Opening stock 4,80,000 ₹
Purchase 13,60,000 ₹
Sales 19,50,000 ₹
G.p. is 30% on cost
Opening stock 4,80,000 ₹
Purchase 13,60,000 ₹
Sales 19,50,000 ₹
G.p. is 30% on cost
Accounting
Calculate the gross profit and cost of goods sold form the following information:
Net sales ₹ 9,00,000
Gross profit is 20% on cost
Net sales ₹ 9,00,000
Gross profit is 20% on cost
Accounting
What do you mean by suspense account?
Accounting
What are the bases of valuation of goodwill?
Accounting
Give four examples of divisable profits.
Accounting
Profit volume ratio 40%. Break even sales Rs.2,50,000. Calculate fixed cost.
