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How is working capital arrived?
venkat_ca
- Nov 20th, 2008
Working capital can be classified into two types gross working capital and net working capital. The total of current assets is known as gross working capital and the difference between the current ass...
Nishi Kanti Dey
- Oct 30th, 2008
Working Capital is measure of both a company's efficiency and its short-term financial health. Working capital also gives investors an idea of the company's underlying operational efficiency.WC=CA-CL.
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Control Account
What is a Control Account? How will you create a control account?
ajspalia
- Nov 12th, 2008
A control account in GL is a summary of sub ledger accounts that can not be represented individually in GL because of thier huge numbers e.g. the number of vendors for a company can be numerous and it...
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Pre-Paid Insurance
How will you treat pre-paid insurance in balance sheet?
vasudeo007
- Oct 3rd, 2008
The words "pre-paid insurance" are self explanatory.What is pre-paid insurance? The insurance that is paid in advance, before due date. This is treated like current asset. The exact treatmen...
