Qualification > Commerce
Accounting HELP !!!
Haaks:
In limited liability in profit and loss appropriation account : Credit NET PROFIT and Balance b/d
Debit:General reserve(at the end of the year) and DIVIDENDS Interim and proposed :)
dahlia:
oh thats it! Thanks :)
nerdvictim:
is goodwill in our syllabus this year?! its very confusing ???
contraentry:
--- Quote from: aangel42 on June 06, 2010, 01:12:26 pm ---If a question asks you to calculate the rate of stock turnover, without any further information specified, how do we know which formula to use?
Do we use the one for the number of times stock is replaced every year (COGS/average stock) OR the one for the number of days stock is held before it must be replaced (avg stock/COGS x 365)??
???
--- End quote ---
COGS/average stock
the question is asking how many times the stock "turns over" not how long it needs to be kept before replacement so yea...
dahlia:
--- Quote from: nerdvictim on June 06, 2010, 01:07:54 pm ---is goodwill in our syllabus this year?! its very confusing ???
--- End quote ---
yes it is!
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