what can be expected questions and answers for viva in accountancy practical on final accounts,accounting ratios and cash flow statements.The practical exam is on 30/1/14...i want some sample questions on viva before 29/1/14.....
Ts grewal solutions
What about Accountancy Project? Is there CBSE guidelines about the project? What is the topic of the Project, and how to make it?
Who are the users of financial ratio analysis? Explain the significance of ratio analysis to them?
Can a partner be exempted from sharing losses in a firm? If yes, under what circumstaances
Financial ratio analysis is conducted by four groups of analysts: managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios?
que1: stock turnover ratio 5 times, cost of goods sold 18,99,000. calculate opening stock and closing stock if stock at the end is 2.5 times more than that in the beginning.?
que2: 1) 3,00,000 is the cost of goods soid.inventory turnover ratio 8 times; stock in the beginning is 2 times more than the stock at the end.calculate the value of opening and closing stock.?
2) a trader carries an average stock of 80,000. his stock turnover ratio is 12times.find out his profit;if he sells at a profit of 20%on sales?
que3: cash sales 20% of total sales, credit sales4,50,000, gross profit 25% on cost, opening stock 37,500; closing stock1,12,500?
que4: a ltd copmpany made credit sales of 4,00,000 during the financial period if the collection period is 36 days and year is assumed to be 360days, calculate the debtors turnover , average debtor?
what can be expected questions and answers for viva in accountancy practical on final accounts,accounting ratios and cash flow statements.The practical exam is on 30/1/14...i want some sample questions on viva before 29/1/14.....
Ts grewal solutions
What about Accountancy Project? Is there CBSE guidelines about the project? What is the topic of the Project, and how to make it?
trade receivable turnover ratio - 4 times
cost of revenue from operation - 640000
gross profit ratio - 20%
closing trade receivable is 20000 more than opening trade receivables.
Who are the users of financial ratio analysis? Explain the significance of ratio analysis to them?
Can a partner be exempted from sharing losses in a firm? If yes, under what circumstaances
Financial ratio analysis is conducted by four groups of analysts: managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios?
1) Encashment of employees earned leave payable on retirement.
2) Employees earned leave payable on retirement.
calculate current ratio.
Inventory Turnover:4 times
Inventory in the beginning was Rs.20000 less than Inventory at the end.
Revenue from Operations Rs.600000.
Gross Profit Ratio 25%.
Current Liabilities Rs.60000.
Quick Ratio 0.75:1
que1: stock turnover ratio 5 times, cost of goods sold 18,99,000. calculate opening stock and closing stock if stock at the end is 2.5 times more than that in the beginning.?
que2: 1) 3,00,000 is the cost of goods soid.inventory turnover ratio 8 times; stock in the beginning is 2 times more than the stock at the end.calculate the value of opening and closing stock.?
2) a trader carries an average stock of 80,000. his stock turnover ratio is 12times.find out his profit;if he sells at a profit of 20%on sales?
que3: cash sales 20% of total sales, credit sales4,50,000, gross profit 25% on cost, opening stock 37,500; closing stock1,12,500?
que4: a ltd copmpany made credit sales of 4,00,000 during the financial period if the collection period is 36 days and year is assumed to be 360days, calculate the debtors turnover , average debtor?