In case Operating Cycle cannot be determined, what is the time period of operating cycle assumed? Post category:Accountancy Reading time:1 mins read SOLUTION If Operating Cycle cannot be determined, it is assumed to be a period of 12 months. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is ‘Operating Cycle’? Next PostIf Operating Cycle is 12 months and payment is received in 15 months, how will you classify the asset? You Might Also Like On dissolution, the amount of Sundry Assets transferred to Realisation Account is Rs. 1,00,000. 40% of the assets realised 120% of their book value; 25% of the remaining were sold at a discount of 20% and remaining were taken over by Vikas (a partner) at book value. Pass entries. September 27, 2022 A, B and C were in partnership sharing profits in the ratio of 7 : 2 : 1 and the Balance Sheet of the firm as at 31st March, 2019 was: July 26, 2022 Trade Payables turnover ratio of a Company is 5 times. What will be the impact of ‘Credit purchase’ of Rs. 50,000 on this ratio? State with reason. October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On dissolution, the amount of Sundry Assets transferred to Realisation Account is Rs. 1,00,000. 40% of the assets realised 120% of their book value; 25% of the remaining were sold at a discount of 20% and remaining were taken over by Vikas (a partner) at book value. Pass entries. September 27, 2022
A, B and C were in partnership sharing profits in the ratio of 7 : 2 : 1 and the Balance Sheet of the firm as at 31st March, 2019 was: July 26, 2022
Trade Payables turnover ratio of a Company is 5 times. What will be the impact of ‘Credit purchase’ of Rs. 50,000 on this ratio? State with reason. October 3, 2022