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What are the extraordinary items
balaganesh
- Nov 7th, 2006
Transactions that take place after the closure of financial books, but before placing it in AGM.
prasanth
- Aug 14th, 2006
Transactions which happened due to catastrophic events i.e unsual circumstance example: earthquake, flood, psunami etc are called extraordinary items.
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How to do credit control?
balaganesh
- Nov 7th, 2006
1) Make the creditor, your debtor 2) For good creditor, give discounts & offers3) For bad creditor, inform your position of willingness but inability to sustain relationship keeping in mind our business position.
pankaj kumar mehta
- Oct 19th, 2006
credit control is done by two way one is with the help of govtanother is ,with the help by govt+central bank of a conturyfor e.g. change in bank rate,change in margin requirement of loan,change in cash reserve ratio ,change in liquidity ratio ,change in tax rate etc.
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What is shadow balance ?
Arun V B
- Jul 27th, 2011
Shadow Balance in bank accounts is the balance upto which the subsequent debits/credit can be posted upto. Shadow Balance = Book Balance - Debit/ Book Balance+Credit (yet to be authorised for postin...
vasudeo007
- Aug 19th, 2008
Shadow balance is that balance which is not yet clear.Consider any company's case.Company has given money to someone by a cheque. Then they have shown in their cash book that money has been given....
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What is Capital Budget?
vasudeo007
- Oct 6th, 2008
The word budget means financial planning activity.Capital Budgeting means financial planning for long term capital expenses.A company may think of diversification, backwardation, forwardation, merger ...
thrilldhill
- Jun 1st, 2007
Capital Budgeting is a way to justify capital expenditures. It's done to see if the added benefit of a capital purchase, ie increased revenue or decreased expense, exceeds the cost of capital.
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What is bills receivable?
mohdazam
- Feb 24th, 2007
BIILS RECEIVABLE IS AN CURRENT ASSET TO THE BUSINESS, WHEN V SELL TO ANY CUSTOMER IF HE CANT PAY THE AMT V GIVE HIM A DOCUMENT ASKING HIM TO PAYING WITHIN A SPECIIFIED TIME.EXAMPLE : MR.X SOLD G...
shailendra kumar
- Dec 28th, 2006
BILLS RECEIVABLE, in merchant accounts, are all promissory notes, bills of exchange, bonds, and other evidences or securities which a merchant or trader holds, and which are payable to him.
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What is meant by Bridge Loan?
Bridge loan means temporary finance provided to the company to finish of the project after that the company needsto repay the loan.
cashflow
- Jan 27th, 2008
A bridge loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained.
seelujangra
- Jan 16th, 2008
Bridge loans are an effective vehicle to immediately capitalize on a purchase opportunity. It is a form of short-term financing which is expected to be paid back - generally within the range of 6 to 3...
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Sensex Points calculatation
How do you calculate sensex points?
vasudeo007
- Aug 19th, 2008
Sensex or for that matter any index in any capital market acts as the barometer of the economy. When economy is on rise then the index shoots up and vice-versa.There is presumed to be co-relation betw...
priya
- Nov 27th, 2007
SENSEX is calculated using the "Free-float Market Capitalization" methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 com...
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HRA, DA and DP caluculate in taxation
How can we caluculate HRA, DA, DP in taxation.
amarnath111
- Jul 30th, 2009
DA is calculated on certain % fixed on basic & there is no rules for DA calucalation
amarnath111
- Jul 30th, 2009
HRA calculated as1. 40% (in case of other cities) & 50% (in case?of metro cities)?of?the saalry2. Rent paid - (minus) 10% of the salary3. Actual HRA received
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Profit and Loss a/c
What is the importance of the profit and loss account? What is the most important item of the P&L A/C (asked in a Citibank interview)
sivappan
- Mar 17th, 2009
Net profit is shown in the liability side because company is liable to pay that much amout to owner/owners of the company.
akshayparhi
- Aug 13th, 2008
A company's profit and loss account shows revenue, expenditure and the profit and/or loss resulting from operations for a given 'financial year'. So it is?necessory for the company to know the profit and loss after deducting / adding all direct and indirect expenses or income.Akshay Parhi
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Annual Turnover
Calculation of turnover in construction comapanies? What is the use of turnover? If turnover was not announced annualy, what are the problems arised?
sathyapidugu
- Oct 6th, 2008
In general context turnover means volume of sales in case of Construction compay turnover means Projects complted in a particular period . with the hepl of turnover one can assess the efficiency and profitabllity of the company
vasudeo007
- Oct 6th, 2008
Turnover means total sales from strict accounting sense.Few liberals would also say that turnover means total purchase + total sales.It really depends on your viewpoint. But for a construction company...
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Cash Flow
Where do you put non current lease payment on a statement of cash flow?
samanth
- Feb 12th, 2017
It is a statement depicting change in cash position from one period to another period
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Periodic and Perpetual method
What is the difference between the periodic and perpetual method, How will you record it your book?
steadyshot23
- Mar 18th, 2010
A periodic inventory system adjusts inventory and records costs of goods only at the end of each reporting period. Since you have to count your ending inventory by hand. Perpetual inventory system continuously records both changes in inventory quantity and inventory costs.
ajspalia
- Nov 27th, 2008
I am not sure in what context the user is asking but periodic and perpetual are two methods used for inventory control. Periodic inventory is undertaken more commonly to calculate the value of a...
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FPNA
What is the full form of acronym FPNA?
zaiba iqbal
- Jan 10th, 2015
Financial planning and analysis
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What is Short Term Solvency Ratio?
anil joshi
- Feb 2nd, 2013
Ratios used to judge the adequacy of liquid assets for meeting short-term
obligations as they come due, including
1) the current ratio,
2) the acid-test ratio,
3) the inventory turnover ratio, and
4) the accounts receivable turnover ratio.
suji
- Feb 29th, 2012
Short-term Solvency Ratios Its a ratio to measure the firms ability to meet short-term financial obligations. With this the firm will avoid financial distress in the short-run. There are two most important Short-term Solvency Ratios
1. Current Ratio.
2. Quick Ratio.
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Distinguish break even point from margin safety
steadyshot23
- Mar 18th, 2010
Break Even point is Total Fixed Expenses/CM Ratio or Unit. In another hand Margin of Safety is Actual Sales - Break Even point. So you need to figure out the break even point first in order to e...
naman1
- Nov 23rd, 2008
BEP means sales level at which total cost of the product are equal. MOS means what business sales above the BEP level sales.
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