Computer average stock, Accounting Basics

1. The closing stock of Prince Corporation has been reduced by $8,000 from its opening amount of $22,000.

2. No dividend has been paid or proposed by the company.

3. The only capital of the company consists of ordinary shares of $1 each.

4. There are no retained profits at the beginning of the year.

Required:

(a.) Compute the following amounts:

1. Average stock

2. Cost of Goods Sold

3. Gross Profit

4. Sales

5. Net Profit

6. Non Current Assets

7. Debtors

8. Closing Capital Employed

9. Net Assets

10. Working Capital

11. Current Liabilities

12. Opening Capital (Ordinary Share Capital)
Posted Date: 4/6/2013 10:37:53 AM | Location : Brunei Darussalam







Related Discussions:- Computer average stock, Assignment Help, Ask Question on Computer average stock, Get Answer, Expert's Help, Computer average stock Discussions

Write discussion on Computer average stock
Your posts are moderated
Related Questions
Q. Explain about matching principle? The matching principle need that expenses incurred in producing revenues is deducted from the revenues they generated during the accounting

What is the latest change taking place in the accounting world that will make a big difference to the way accountants prepare accounts?

A swap valuation method which involves summing and computing the present value of each and every future net settlement and would be required by the contract terms either future s

Q. Principles of consolidation? The consolidated financial statements of the Company comprise the accounts of The Walt Disney Company and its subsidiaries after elimination of

Governmental agencies at the state, federal, and local levels employ governmental accountants. Habitually the duties of these accountants relate to tax revenues and expenditures. F

Breakeven Analysis - I really need help calculating this. Our company's breakeven point occurs after the agency consecutively yields two months of positive net income. This a

Q. Learning objectives of Accounting theory? - Discuss and Identify the underlying assumptions or else concepts of accounting. - Discuss and Identify the main principles of

Q. What is Instance financial reporting? For instance financial reporting should - Provide information concerning an enterprise's past performance because such information i


Q. Adjustments for accrued items? Accrued items need two types of adjusting entries asset/revenue adjustments and liability/expense adjustments. The first group asset/revenue a