Full Text Of “accountancy Volume 1 Std12

Write notes on revaluation methodology of depreciation. Method of depreciation is used in the case of Lease. On April 1, 2001 Machinery was purchased for Rs.4,00,000. Entry for depreciation supplied during the 12 months of sale.

Global Tunes Corp. produces J-Pods, music players that can obtain hundreds of songs. Global Tunes forecasts that demand in 2011 might be 48,000 J-Pods. The variable manufacturing cost of each J-Pod is $54. Due to the large $10,000 cost per setup, Global Tunes plans to produce…

The following information is from the annual monetary statements of Raheem Company. Compute its accounts receivable turnover for 2016 and 2017. Compare the two years’ results and provides a potential explanation for any change . Compute its accounts receivable turnover for 2015 and 2016. Compare the 2 years\’ results and provides a potential rationalization for any change .

Days Past DueTotal01 to 3031 to 6061 to 90Over 90Accounts receivable$640,000$410,000$104,000$50,000$32,000$44,000Percent uncollectible3%4%7%9%12%a. Complete the below desk to calculate the estimated steadiness of Allowance for Doubtful Accounts using growing older of accounts receivable. For calculations usually involving averages, such as common stockholders’ fairness, use year-end amounts until the necessary information is offered. The company issued bonds and used the proceeds to buy $400,000 of equipment to be used in the business.

Compute its accounts receivable turnover for 2012 and 2013. Compare the two years outcomes and give a… The accounts payable turnover ratio is used to quantify the rate at which a company pays off its suppliers. Investors can use the accounts payable turnover ratio to determine if an organization has sufficient cash or income to fulfill its short-term obligations. Creditors can use the ratio to measure whether to increase a line of credit to the company.

The period of credit score allowed by the suppliers is one month. Prepare cash price range for the months of June and July 2004. Credit gross sales in February is collected in March and so forth. The interval of credit score allowed by suppliers is one month. Stock turnover ratio is otherwise called as .

A lowering turnover ratio signifies that a company is taking longer to repay its suppliers than in earlier durations. The rate at which a company pays its debts might provide a sign of the corporate’s financial condition. A lowering ratio may sign that a company is in financial distress.

The books are closed on 3 1 March yearly. Assuming that the accounts are closed on 3 1 March every year. Calculate the speed of depreciation beneath the Straight Line Method. Entry for the switch of profit on sale of asset. Vani and Veni have been companions sharing income and losses equally. Difficult to discover out the worth of the business at the time of its sale.

Compute the money flow liquidity ratio at each year-end dates. Problem A Loom’s comparative statements of revenue and retained earnings for 2010 and 2009 are given below. The overall effectivity of the agency what hud does muselk use without regard to the sources of assets. Total supplier purchases have been $110 million for the yr. Total provider purchases had been $100 million for the yr.