If you are seeing your online bank account very carefully, you will find the information about, how did fund transfer in your bank account. Most popular system of fund transfer from one bank to another bank are
NEFT and RTGS. I think, you know both system.
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Value of firm means if today firm is sold to anybody
what amount will be given to the partners of that firm. Today, everyone is
smart. Everybody will study the financial statement of firm. By analysis the
balance sheet and current market value of firm's assets, anybody can
calculate the value of a firm.
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NEFT in India is very good system for transferring money from one
bank to another bank's branch. NEFT means national electronic fund transfer. This system uses
CAS for recording the transfer.
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Centralised accounting system is that system in which all records are kept in one place. This place may be physical or digital. Its small form is CAS. It controls all departments and branches budgets,
accounts receivables,
account payable,
expenditures, incomes and other transactions' records.
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Yesterday, one of my follower (who is experienced accountant) came in my office for solving his accounting problem. He was taken one week ago appointment on my telephone. So, he told following problem.
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We know that outstanding expenses are those
expenses whose services, we have taken but we did not pay the cost of service. It is possible, there are lots of times when we do not pay on the time.
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Normally all liabilities account have a credit balance, because we have to pay the liabilities to the outside of
company. But it is possible some liabilities account have a debit balance. I can explain, when this situation will happen?
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Configure's dictionary meaning is to give shape or try to best for calculating optimized answer according to our requirement. Configure the ratios means to calculate the ratios on your calculator and try to change the figure and check whether answer is more close of our requirement. For example, we need our
current ratio 3 :1, so we will change some current assets or change some current liabilities and then check the answer.
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Debt capacity means capacity of
company to repay the Debt. To calculate the debt capacity of company is effected by lots of factors. But on the basis of risk and return in company, we can calculate or measure the debt capacity.
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From the following information prepare an estimate of working capital required to finance level of activity of 312000 units p.a.. (52 weeks) and how will you finance the working capital
Particulars Per Units (Rs.)
Raw Material 90
wages 40
Overheads
Manufacturing 30
Administrative 40
Selling 10
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210
profit 40
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Selling Price 250
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Other Information:
1. Raw Material are held in stock for a period of 4 weeks.
2. Materials remain in process for 2 weeks requiring 50% wages and 40% overheads.
3. Finished goods remain in stock for period of 4 weeks
4. Credit allowed to customers is 8 weeks but 20% of the invoice price is collected immediately.
5. Time lag in payment of wages is 1.5 weeks and in overheads is 4 weeks.
6. Credit available from suppliers is 4 weeks but 20% of creditors are pain 4 weeks in advance.
7. Bank balance is to be maintained at Rs. 60000.
Abhijit from India
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