A purchase return of $48 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in
the supplier's account.Which of the following statements about the trial balance would be correct?
A purchase return of $48 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in
the supplier's account.Which of the following statements about the trial balance would be correct?
Debits will exceed credits by 2 x $48 = $96
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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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