that probable losses be provided. However‚ probable gains are not recognised until they are realised. This is to prevent an overstatement of assets and profits. Therefore‚ doubtful debts which may arise from year end debtors must be provided for to prevent overstatement of year end debtors and the profit for the year. Application of Accounting Concepts Prudence Concept Provision for Depreciation ( Accumulated Depreciation ) Fixed assets are shown at net book value ( cost less accumulated depreciation
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SINTECH PRECISION PRODUCTS LIMITED C-189 & 190‚ Site No. 1‚ B.S. Road‚ Ind. Area‚ Ghaziabad [U.P.] Phone No.: 0120-2866320/21‚3290635/37/38 Fax No. 0120-2867715 E-mail: marketing@sintechpumps.com Web Site: www.sintechpumps.com CERTIFICATE This is to certify that the Summer-Training Project of FINANCE Titled “WORKING CAPITAL MANAGEMENT and ITS APPRAISAL” is an original work and that this work has not been submitted anywhere in any form.
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CHAPTER ONE 1.1 INTRODUCTION Management over the accounts receivables plays a big role in organizational performance. Lack of accounting information over debtors in the organizations may directly or indirectly affect the organization’s performance. Directly is when the organization is unable to know where to go due to lack of effective management over the accounts receivables. Indirectly is where people start to question about the accountability in the organization. Accounts receivable often
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3. PROFILE OF THE STUDY RATIO ANALYSIS ANALYSIS OF FINANCIAL STATEMENTS The traditional financial statements that comprise of the balance sheet and profit and loss account do not give enough information related to financial operations of the company. These financial statements prepared as per the statutory requirement of law need to be analyzed in order to evaluate the past performance of the company and the future prospects. The most widely used tool is Ratio Analysis. DEFINITION
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Advance Financial Accounting (FIN-611) VU LESSON # 1 ACCOUNTING FOR INCOMPLETE RECORDS 1. Introduction This topic is also known as Single Entry System of Accounting. In this chapter we will learn how an accountant prepares financial statements of those organizations which are not keeping up proper double entry book keeping system of accounting. From accounting system stand point‚ business organizations can be classified into three broad categories: 1.1 Small scale business entities These consist
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Solution to CBSE Question Paper 2013 Set 1 (Outside Delhi) Ans 1. In case of fixed capital‚ interest charged on drawings will be recorded on the debit side of Current Account of the Partners. Ans 2. Accumulated Profits are shared in the old ratio‚ in case of change in profit sharing ratio amongst existing partners. Ans 3. Interest is payable @ 6% p.a is charged on the amount remaining unpaid to the executor of deceased partner. Ans 4. Date Journal entry Particulars Workmen Compensation
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Assignment Module Financial Statement Analysis 1. Introduction to the company and its role within the wider international market; including competitors and current market conditions that may impact on its financial performance. Tesco plc is a British multinational grocery and these days the third- largest retailer worldwide in terms of revenues‚ operating in 14 countries across Europe‚ Asia and Nord America.The retailer was founded in 1919 and operated exclusively within the UK until the early
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Virginia’s way to the American Revolution Woody Holton. Forced Founders: Indians‚ Debtors‚ Slaves and the Making of the American Revolution in Virginia. Chapel Hill: University of North Carolina Press‚ 1999. In his book Forced Founders Indians‚ Debtors‚ Slaves and the Making of the American Revolution in Virginia Woody Holton tries to give a " study of some (not all) of the causes (not the effects) of Virginia’s Revolution." He argues that the Virginia elite were important as leaders of
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SUMMER TRAINING REPORT ON TITLE OF PROJECT REPORT Undertaken at “BHARAT HEAVY ELECTRICALS LIMITED” Submitted in partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION to Guru Gobind Singh Indraprastha University‚ Delhi Under the Guidance of Submitted by ASIM SAHORE AMIT GUPTA Prof. MBA-III Sem Enrollment No.-09817003910 Session 2011 – 12 To Whom It May Concern I _______________________
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= Cost of sales / stock 2008 = 136‚322/ 56‚039 = 2.43 2009 = 122‚387 / 50‚140 =2.44 Fixed asset turnover ratio: = Revenues / fixed assets 2008 = 294‚414 / 78‚452 = 3.75 2009 = 267‚551 / 70‚835 = 3.78 Debtors turnover ratio: = (Debtors * 365) / Sales 2008 = (4‚764 * 365)/ 294‚414 = 5.91 2009 = (2‚932 *365) / 267‚551 = 3.99 Debt to equity ratio: = Total borrowings / Equity 2008 = 66‚486 / 83‚432 = 0.80 2009 = 65‚208 / 68‚971 = 0.94
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