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.
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
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?
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.