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Gross profit ratio = Gross profit/ sales *100 = 2,00,000/5,00,000 *100 = 40%
When the total of debit and credit are equal, it represents
Holding cash for transaction motive is:
On Jan 1, 2017 the position of V. Mathur was as follows:
Inventory in hand Rs. 2400; Bills payable Rs. 400; Cash at Bank Rs. 1800;...
Two persons agree to exchange 100 grams of gold three months later at ₹ 400/gram. This is an example of:
Government audit is conducted by the department maintained by government of India is known as:
If you want to record all purchase transactions in the accounting software, which shortcut key should you use?
Accounts relating to income, revenue, gain expenses, and losses are termed as:
Which accounting standard provides guidance on how to account for foreign currency transactions and the effects of changes in foreign exchange rates on...
Calculate interest coverage ratio from the following:
Net Profit after tax = 120000, tax rate = 50%, long term debt @10% = 1500000
Which Ind AS deals with Revenue from Contracts with Customers?
