Name any two items that can be disclosed under ‘Reserve and Surplus’. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Capital Reserve; (ii) Securities Premium Reserve. 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 PostName any two sub-line items (sub-headings) under which “Current Assets’’ shall be classified in the Balance Sheet of a Company. Next PostName any two items that can be disclosed under ‘Long-term Borrowings’. You Might Also Like Under what headings will you show the following items in the Balance Sheet of the Company: (i) Goodwill (ii) Loose Tools. (C.B.S. E. 2017, 2018) September 30, 2022 What is partner’s Current Account? September 23, 2022 (i) Revenue from Operations: Cash Sales Rs. 4,20,000; Credit Sales Rs. 6,00,000; Return Rs. 20,000. Cost of Revenue from Operations or Cost of Goods Sold Rs. 8,00,000. Calculate Gross Profit Ratio. (ii) Average Inventory Rs. 1,60,000; Inventory Turnover Ratio is 6 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio. (iii) Opening Inventory Rs. 1,00,000; Closing Inventory Rs. 60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio. August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Under what headings will you show the following items in the Balance Sheet of the Company: (i) Goodwill (ii) Loose Tools. (C.B.S. E. 2017, 2018) September 30, 2022
(i) Revenue from Operations: Cash Sales Rs. 4,20,000; Credit Sales Rs. 6,00,000; Return Rs. 20,000. Cost of Revenue from Operations or Cost of Goods Sold Rs. 8,00,000. Calculate Gross Profit Ratio. (ii) Average Inventory Rs. 1,60,000; Inventory Turnover Ratio is 6 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio. (iii) Opening Inventory Rs. 1,00,000; Closing Inventory Rs. 60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio. August 17, 2022