From the following information, prepare the projected Trading and Profit and Loss Account for the next financial

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From the following information, prepare the projected Trading and Profit and Loss Account for the next financial year ending December 31, 2015 and the projected Balance Sheet as on that date:

Cost of sales consists of 40% for materials and balance for Wages and Overheads. Gross Profit ₹ 6,00,000. Working notes should be clearly shown.

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

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Question Posted: Aug 19, 2023 07:44 AM

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From the following information, prepare the projected Trading and Profit and Loss Account for the next financial

Question:

Rate of Gross Profit Net Profit to Equity Capital Inventories Turnover Ratio Average Debt Collection Period Creditors velocity Current ratio Proprietory ratio (fixed assets to capital employed) 25% 10% 5 times 2 months 3 months 2 80%

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Lets calculate various financial components using the provided information 1 Turnover Gross Profit 25 of Turnover 600000 025 Turnover Turnover 600000 ...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

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