Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700
What are the correct ledger entries to ?
Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700
What are the correct ledger entries to ?
W1 $380 x 100 = $323Dr Purchases $450
Dr Trade Payables $250Cr Purchase Returns $700The purchase of goods on credit is recorded as Dr Purchases, Cr Trade payables $450. The return of goods which were purchased on credit is recorded as Dr Trade Payables, Cr Purchase Returns, combining both entries gives the answer above.
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Which of the following is a ratio which is used to measure how much a business owes in relation to its size?
A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses
What is the net profit margin?
A company has the following details extracted from its statement of financial position:
$'000
Inventories 1,900
Receivables 1,000
Bank overdraft 100
Payables 1,000
The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry
have a current ratio lower than the norm.
Which of the following statements accurately describes the company’s liquidity position?
Why is analysis of financial statements carried out?
Which of the following transactions would result in an increase in capital employed?
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