#21
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Quote:
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#22
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Ratios
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1 Profitability ratios 2 Liquidity ratios 3 Activity ratios (Efficiency Ratios) 4 Debt ratios (leveraging ratios) 5 Market ratios 6 Capital budgeting ratios You can study its details at this link and if you still find some problem then we can discuss it here. Do read their interpretations also as they are very helpful for aspirants in their fledgling stage of preparation. http://en.wikipedia.org/wiki/Financi...ability_ratios Last edited by Abdul Q; Wednesday, September 19, 2012 at 10:49 AM. Reason: link missing |
#23
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__________________
Don't wait, feel happiness right at the moment as wait will never end. |
#24
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__________________
Victory belongs to ALLAH :) |
#25
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conventions
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If you are having accounting knowledge you must have studied the concepts like: Prudence concept, separate entity concept, revenue recognition principles etc. they all fall into conventions and are the very basic concepts of accounting. Let me solve the first 2 cases of Q No. 3 Paper I: A) Supplies for personal use cannot be recorded as expense as Separate Business Entity Convention is applicable, So transaction should have been: Drawings Dr Cash/Bank Cr. B) IAS 18 related to revenue provides guidline for the recording of service revenue. According to it Cash Basis should not be used rather one should record service revenue as the service has been rendered. Hope you find the answer |
#26
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Thanks |
#27
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thanks dear question ki statement mai confusion thi .. aur aik cheez k yeh is type k questions ka answer kaha say milay ga like WHAT IS THE PURPOSE OF PREPARING FINANCIAL STATEMENTS ON TIMELY BASIS ??
__________________
Victory belongs to ALLAH :) |
#28
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Quote:
it's a some what lengthy question otherwise I could have posted it here, you can check it out for guidance at: http://en.wikipedia.org/wiki/Financi...iness_entities Quote:
Please read the above in detail at this link: http://www.tutor2u.net/business/acco...s_concepts.htm |
#29
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reply awaited |
#30
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can any senior help me to solve the question 2 of paper 1... i just dont get how to solve it... please help soon... thanx
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Tags |
2012, past papers |
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