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Is intercorporate deposit given for five month may be shown under current assets?
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How do you figure a Current Ratio I know the formula for current ratio is CA divided by CL when you are given Net Working capital 2110 Current Liabilities 5530 and Inventory 1245?
Net working capital formula = Current assets - current liabilities 2110 = current asset - 5530 current assets = 5530 + 2110 current assets = 7640 Current Ratio = 7640/5530 = 1.38
What are current assets list?
Current assets refers to those assets which can converted into cash within 12 months, there are no set convention as far as current assets are concerned the same can be a current asset for one company and fixed asset for other company. However there are assets which are most of the time treated as current assets by majority of companies, given below is the list of current assets -Cash available with companyBank balance of the companyDebtors of the company after deducting provision for bad debts.Bills receivables or accounts receivablesShort term investments of the companyPrepaid expenses paid by the companyStock of goods available with the company (which are expected to be sold within a year).
How do you calculate current ratio and quick ratio?
by getting the difference between current assets and stock and then dividing the difference by current liabilities.
When is a deposit slip given to a person?
When they deposit money
What are unexempt assets?
There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.
Are the 'term loans' current assets or fixed assets?
if loans given for short term period then current assets but if given for long term then non-current assets.
How do you figure a Current Ratio I know the formula for current ratio is CA divided by CL when you are given Net Working capital 2110 Current Liabilities 5530 and Inventory 1245?
Net working capital formula = Current assets - current liabilities 2110 = current asset - 5530 current assets = 5530 + 2110 current assets = 7640 Current Ratio = 7640/5530 = 1.38
What are current assets list?
Current assets refers to those assets which can converted into cash within 12 months, there are no set convention as far as current assets are concerned the same can be a current asset for one company and fixed asset for other company. However there are assets which are most of the time treated as current assets by majority of companies, given below is the list of current assets -Cash available with companyBank balance of the companyDebtors of the company after deducting provision for bad debts.Bills receivables or accounts receivablesShort term investments of the companyPrepaid expenses paid by the companyStock of goods available with the company (which are expected to be sold within a year).
How do you calculate current ratio and quick ratio?
by getting the difference between current assets and stock and then dividing the difference by current liabilities.
Why is working capital given special attention in the process of analyzing balance sheets?
As Working Capital means Current Assets Minus Current Liabilities, and out of that it meets day-to-day expenses. AS Current Assets and Current Liabilities is an important part of balance sheet so we can't ignore it and if we write as working capital in the assets side it cannot be wrong . But most important to note that at the time of balance sheet is current ratio indicate 2:1 , means that whether current assets is 2 times more than curent liabilities .
When is a deposit slip given to a person?
When they deposit money
Given the following information calculate the inventory for Big Show Videos Quick ratio equals 1.2 Current assets equals 12000?
Given the following information, calculate the inventory for Big Show Videos: Quick ratio = 1.2; Current assets = $12,000; Current ratio = 2.5 a) $4,800 b) $6,240 c) $7,200 d) $5,660 You can also get answer on onlinesolutionproviders com thanks
Why passbooks not given to time deposit holders in banks?
Why passbooks not given to time deposit holders in banks?
What are unexempt assets?
There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.
Statutory protection given to paying banker?
Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.
Is the accural method of accounting accepted by GAAP?
I have question to Current ration, in order to my exam there is no given format. For currest ratio : current assets /and current libility which is given which can be relationship to these words; Current ration: current assets:inventory+ account receivable+ cash equivanlents+ cash Current liability: accruals +account payable+ notes payable. Pls give me any other words using to get the answer . Thank you.
What is an explanation of net assets?
The net assets refers to total assets less the outside liabilities of a given company or individuals.
