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# Posted 4 years ago

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Posted 4 years ago
Posted 4 years ago
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Sumit
Chennai
[ Scorecard : 69]

how to calculate the following
debtors velocity - 3 months
stock velocity - 6 months
creditors velocity - 2 months
GP Ratio - 20% GP for the year 5 lakhs. stock at end is more than 20000 opening
stock. bills payable and bills receivable are 36667 and 60000/-
how to calculate - sales , Sundry debtors , Sundry creditors and Stock .
Online classes for CA CS CMA
J. Divya
b.com & ca final
student
[ Scorecard : 41]
just wanted to knw if the 3 new accounting standards apply at the pcc level or
not?????

Sumit
Chennai
[ Scorecard : 69]
i think they will not apply
There are 11 Replies
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1 of 4 24-07-2014 12:00 PM
Posted 4 years ago
Posted 4 years ago
Posted 4 years ago
Posted 4 years ago
Posted 4 years ago
Shikha Bajaj
CA Final
[ Scorecard : 416]
Pls find the solution.
Thnx
Shikha
Attached File : 33 sol.xls downloaded 120 times
Message Thanked by (Total thanks : 1)
Sumit
Sumit
Chennai
[ Scorecard : 69]
hi answer is wrong for stock and debtors . debtors value is 5.65 lakh and answer for
closing stock is 10.10 lakh
purushothman
student
[ Scorecard : 22]
1.sales = 5,00,000/20*100=25,00,000
2. Debtors = 25,00,000*3/12 = 6,25,000-60000= 5,65,000
3. Creditors = 20,40,000*2/12 = 3,40,000-36,666 = 3,03,334
4. Average stock = 20,40,000/2 = 10,20,000
Op.Stock = 9,80,000
Cl.Stock = 10,20,000
Shikha Bajaj
CA Final
[ Scorecard : 416]
Pls find the correct file. Inconvience is regretted.
Attached File : 58 33 sol.xls downloaded 93 times
Message Thanked by (Total thanks : 1)
Sumit
kumar
asst officer
[ Scorecard : 24]
sales = GP/GPR = 5 lacs/ 20% = Rs.25 lacs
Debtors = 25,00,000*3/12 = 6,25,000-60000= 5,65,000
COG = TS -GP= Rs25-5 = Rs20 lacs
Avg Stock = COG*6/12 = Rs20 lacs /2 = Rs.10 lacs
AVG stock = (OPStock + Clstock)/2 => ( OPSTock + Opstock +20000)/2 =>
Opstock +Rs10000
Avg stock = Rs10 lacs
optstock +Rs0.10 lacs = Rs10.lacs
optstock = Rs 10 lacs -0.10 lacs = Rs 9.90 lacs
Clstock = opstock +0.20 lacs => Rs9.9 lacs +0.20 lacs = Rs 10.10 lacs

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2 of 4 24-07-2014 12:00 PM
Posted 4 years ago
Posted 4 years ago
stock = Rs10.10 lacs

Message Thanked by (Total thanks : 1)
zeeshan
jayesh.mehta
PROPRIETOR
[ Scorecard : 21]
hello,
i would like to know as per new bugdet if i want to import a construction equipment
does it come under custom duty or not, if yes please let me know how to calculate
the duty with a example?
Santhosh Poojary
alumno
[ Scorecard : 13474]
THANKS FOR SHARING.....
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3 of 4 24-07-2014 12:00 PM
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