If Operating Cycle is 12 months and payment is received in 15 months, how will you classify the asset? Post category:Accountancy Reading time:1 mins read SOLUTION Non-Current Asset. 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 PostIn case Operating Cycle cannot be determined, what is the time period of operating cycle assumed? Next PostDefine Trade Receivables. You Might Also Like Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) October 7, 2022 State with reason whether the following transactions will increase, decrease or not change the ‘Return on Investment’ Ratio: (i) Purchase of machinery worth Rs. 10,00,000 by issue of equity shares. (ii) Charging depreciation of Rs. 25,000 on machinery. (iii) Redemption of debentures by cheque Rs. 2,00,000. (iv) Conversion of 9% Debentures of Rs. 1,00,000 into equity shares. August 17, 2022 Calculate Trade payables Turnover Ratio from the following information: Opening Creditors Rs. 1,25,000; Opening Bills Payable Rs. 10,000; Closing Creditors Rs. 90,000; Closing bills Payable Rs. 5,000; Purchases Rs. 9,50,000; Cash Purchases Rs. 1,00,000; Purchases Return Rs. 45,000. August 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) October 7, 2022
State with reason whether the following transactions will increase, decrease or not change the ‘Return on Investment’ Ratio: (i) Purchase of machinery worth Rs. 10,00,000 by issue of equity shares. (ii) Charging depreciation of Rs. 25,000 on machinery. (iii) Redemption of debentures by cheque Rs. 2,00,000. (iv) Conversion of 9% Debentures of Rs. 1,00,000 into equity shares. August 17, 2022
Calculate Trade payables Turnover Ratio from the following information: Opening Creditors Rs. 1,25,000; Opening Bills Payable Rs. 10,000; Closing Creditors Rs. 90,000; Closing bills Payable Rs. 5,000; Purchases Rs. 9,50,000; Cash Purchases Rs. 1,00,000; Purchases Return Rs. 45,000. August 16, 2022
