What is the accounting treatment of ‘Stores and Spares’ when the company. (C.B.S.E. Sample Paper, 2017) Post category:Accountancy Reading time:1 mins read SOLUTION While calculating Inventory Turnover Ratio it is not included in Inventories. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is indicated by High Inventory Turnover Ratio? Next PostIf Trade Receivables Turnover Ratio is more than the norm set for it, what will it indicate? You Might Also Like At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner? (AI 2013) October 8, 2022 List any two investing activities which result into outflow’ of cash. October 4, 2022 Record necessary Journal entries in the following cases: (a) Creditors worth Rs. 85,000 accepted Rs. 40,000 as cash and Investment worth Rs. 43,000, in full settlement of their claim. (b) Creditors were Rs. 16,000. They accepted Machinery valued at Rs. 18,000 in settlement of their claim. (c) Creditors were Rs. 90,000. They accepted Building valued at Rs. 1,20,000 and paid cash to the firm Rs. 30,000. July 25, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner? (AI 2013) October 8, 2022
Record necessary Journal entries in the following cases: (a) Creditors worth Rs. 85,000 accepted Rs. 40,000 as cash and Investment worth Rs. 43,000, in full settlement of their claim. (b) Creditors were Rs. 16,000. They accepted Machinery valued at Rs. 18,000 in settlement of their claim. (c) Creditors were Rs. 90,000. They accepted Building valued at Rs. 1,20,000 and paid cash to the firm Rs. 30,000. July 25, 2022