Debtor velocity ratio - 3months
Stock velocity ratio - 6months
Creditor velocity ratio -2months
GP ratio -25%
GP for year -500000
Closing stock 20000 more than opening stock.
B/R -150000
B/P -83333
Find sales,debtors,creditors and closing stock?
Please give your contact no. with ans. if you give Ans. so, for any queries related to this question I call you


Answer now

22 October 2019 at 14:59

Freight & Cartage

Ager Mai Freight Sale Me lagaun or Purchase me lagaun toh kon se head me jaega
jese ki
mene koi sale kiya or usme loading me pese diye toh kya hoga or purchase me diya toh kya hoga


Answer now

21 October 2019 at 17:52

How to show Sales Promotions in accounts

If we are transferring the product amount(SP) to consumers bank account for them to purchase the products from marketplace, how do we show these amounts in our accounts? Eg. Transferring via Neft from company account to consumers bank account INR 600 (Product cost) to 400 such buyers. what will these transaction be shown as?


Answer now

21 October 2019 at 11:39

Intercompany

Journal entry in parent company books if A owes to B 150 and A records 100 in its books and B 150


Answer now

19 October 2019 at 16:55

Foreign exchange receipt and accounting

Sir,
I receive Foreign exchange towards courier charges through PayPal for sending samples of the product.
Paypal deducts their fees from the Foreign currency and after converting it into INR deducts GST and transfers the balance to my Bank account.:-
1) How do I account for it in the books of accounts (Paypal sends a monthly invoice on the fees collected from us and GST)
2) Since my buyer sends me the amount without any invoice from my side.For my record what should be the invoice amount?
One set of ppl say "On the money that has been credited int my bank account",
and some say on the gross foreign currency value.
I would like to know the entries to be made whichever is correct.
Thanks


Answer now

17 October 2019 at 20:36

Motor cycle purchase

Sir,
We have purchased one motor cycle for business purpose. Can we claim ITC and deprecation on the Motor cycle
Please advise


Answer now

17 October 2019 at 15:37

VAT

Ramanlal Gadiya (Querist) Follow 18 January 2019 I AM HAVING PETROL PUMP REGISTERED UNDER VAT & THEN MIGRATED UNDER GST ACT. I AM FILING GST RETURNS ONLY. PLEASE LET ME KNOW I HAVE TO FILE GST AS WELL AS VAT RETURNS OR BOTH


Answer now

17 October 2019 at 12:07

Provisions

which provisions can be made by properitor in his books of accounts


Answer now

16 October 2019 at 02:42

Contract accounts

module illustration 4 ending note.Pls if anyone can explain


Answer now

12 October 2019 at 18:30

Accounts

gf


Answer now



×
close
ICICI
Online GST Class    |    x