Define Trade Payables. Post category:Accountancy Reading time:1 mins read SOLUTION Trade Payables refers to the amount payable against goods purchased or services received in the normal course of business. 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 PostDefine Trade Receivables. Next PostWhat do you understand by the term deferred tax? You Might Also Like Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in favour of Jyoti; the new partner. Calculate new profit-sharing ratio and sacrificing ratio. July 29, 2022 From the information given below, calculate Trade Receivables Turnover Ratio: Credit Revenue from Operations, i.e., Credit Sales Rs. 8,00,000; Opening Trade Receivables Rs. 1,20,000; and Closing Trade Receivables Rs. 2,00,000. State giving reason, which of the following would increase, decrease or not change Trade Receivables Turnover Ratio: (i) Collection from Trade Receivables Rs. 40,000. (ii) Credit Revenue from Operations, i.e., Credit Sales Rs. 80,000. (iii) Sales Return Rs. 20,000. (iv) Credit Purchase Rs. 1,60,000. August 16, 2022 If total assets of a firm are Rs. 12,00,000 and total liabilities are Rs. 2,40,000, what will the capitals of P, Q and R if they share profits in the ratio of their capitals and profit-sharing ratio is 1: 2: 3. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in favour of Jyoti; the new partner. Calculate new profit-sharing ratio and sacrificing ratio. July 29, 2022
From the information given below, calculate Trade Receivables Turnover Ratio: Credit Revenue from Operations, i.e., Credit Sales Rs. 8,00,000; Opening Trade Receivables Rs. 1,20,000; and Closing Trade Receivables Rs. 2,00,000. State giving reason, which of the following would increase, decrease or not change Trade Receivables Turnover Ratio: (i) Collection from Trade Receivables Rs. 40,000. (ii) Credit Revenue from Operations, i.e., Credit Sales Rs. 80,000. (iii) Sales Return Rs. 20,000. (iv) Credit Purchase Rs. 1,60,000. August 16, 2022
If total assets of a firm are Rs. 12,00,000 and total liabilities are Rs. 2,40,000, what will the capitals of P, Q and R if they share profits in the ratio of their capitals and profit-sharing ratio is 1: 2: 3. September 27, 2022