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fixed assets
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Is gross working capital refers to the company's investment in current assets?
Gross Working Capital is the difference between the current assets and current liabilities where 'current' implies 'within one year' i.e Working Capital = Current Assets - Current Liabilities Working Capital is added to the Fixed Assets to get Net Fixed Assets of a company. i.e. Net Fixed Assets = Fixed Assets + Working Capital
What is difference between gross working capital and net working capital?
Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.
What is the difference between total current assets and total current liabilities is?
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
Numerical of accounts related to final accounts?
First of all we journalise the entries and post into the ledgers and again prepare the trial balance after that trading and profit & loss a/c balance sheet. Again we will have to analyse the all aspects for decision makin The final accounts are: Manufacturing Account Trading Account Profit And Loss Account Profit and Loss Appropriation Account and Balance Sheet. The process of finalisation is something like this: Prepare a Trial Balance See whether it agrees or not If it does not agree then investigate the ledgers That process means that see whether Purchase ledger tallies with cash book purchase entries etc. After that you are ready to finalise the accounts but provide for taxes prepare provision for doubtful debts prepare gross block of fixed assets and depreciation prepare net block of fixed assets prepare gross and net block of inventory and value inventory at cost or market value whichever is less for this purpose the market value of the inventory need to be ascertained prepare bank reconciliation statement and tally all bank balances with bank accounts prepare gross and net block of furniture and fixtures provide for wages and salaries etc if they are payable after finalization period
Which are the most important accounting ratios and indicators?
Gross Profit Margin:(Gross Profit / Sales) x 100 = ______%Net Profit Margin:(Net Profit / Sales) x 100 = _____%Stock Turnover RatioCost of Goods Sold / Average Stock = ______ timesCost of Goods Sold = Sales - Gross ProfitAverage Stock = Opening Stock + Closing Stock / 2If opening stock is not given treat closing stock as opening stockDebtor Collection Period(Debtors / Sales) x 365 = ______ daysCreditor Payment Period(Creditors / Purchases) x 365 = _________daysReturn on Capital Employed(Net Profit / Capital) x 100 = _________%Current RatioCurrent Assets / Current Liabilities = ____:____Quick Ratio/Acid Test RatioCurrent Assets - Stock / Current LiabilitiesCurrent Assets = Cash/Bank + Debtors + PrepaymentsCurrent Liabilities = Creditors + Overdrafts Accruals
What is Gross block?
Gross Block=Cost of fixed assets(cost of accumalating the asset)+depreciation.
Is gross working capital refers to the company's investment in current assets?
Gross Working Capital is the difference between the current assets and current liabilities where 'current' implies 'within one year' i.e Working Capital = Current Assets - Current Liabilities Working Capital is added to the Fixed Assets to get Net Fixed Assets of a company. i.e. Net Fixed Assets = Fixed Assets + Working Capital
What is the meaning of gross block in a company's balance sheet.?
The total value of acquiring all fixed assets (even though at different points of time) is called 'Gross Block' or 'Gross Fixed Asset'
Gross working capital?
Gross Working Capital = Current Assets Less Current Liabilities
Define gross block and net block?
Net block is the gross block less accumulated depreciation on assets. Net block is actually what the asset are worth to the company
What is gross working capital?
Gross WC is the total of all current assets of a company.
Why gross working capital is equal to current assets?
Gross working capital is the amount which is equal to current assets which are available for day to day working but net working capital is that amount which remains after deducting current liabilities from current assets it means that amount which even remains after deducting current liabilities.
What is difference between gross working capital and net working capital?
Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.
What is the difference between total current assets and total current liabilities is?
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
What is gross npa?
gross npa = sub standard assets +doubtful assets + loss assets
What is the difference between gross working capital and net working capital?
Gross working capital is sum of current assests of a company and does not account for current liabilities. However, Net working capital is difference of Current assets and current liabilities. Net working capital = Current Assets - Current LiabilitiesA change in the total amount of current assets without a change of the amount in current liabilities will result to a change in the amount of net working capital. Similarly, a change in the total amount of current liabilities without an identical change in the total amount of current assets will cause a change in the net working capital.
How do you calculate restaurant profit?
Restaurant Gross profit = Total generated revenue - total costing *total costing = fixed assets, stock in hand, manpower, utilities, rental and maintenance. *Gross profit=Revenues-Variable costs-fixed costs
