Details of Contingent Liability to be shown in Balance Sheet As per Schedule VI the following liabilities should be shown as footnotes in balance sheet 1. Claims Against
Items of Revenues and Gains to be disclosed in balance sheet The following are the items of incomes and gains, which should be shown separately: 1. Turnover: Under
Items of Expenses and Losses to be disclosed in Balance Sheet The expenses should be shown under suitable heads to the extent possible. Any expense, which exceeds 1%
Creditors or Payable turnover Ratio A business concern may not purchase its all items on cash basis. Sometimes, there may be credit purchase. This ratio is calculated to
Average Collection Period Ratio is otherwise called as Average Age of Debtors. The term average collection period refers to the number of days waited to receive the amount
Debtors or Receivables Turnover Ratio It is otherwise called as Debtors Velocity. All the goods can not be sold on cash. There may be some credit sales. The
What is Defensive Internal Ratio? Defensive Internal Ratios is otherwise called as Basic Defensive Interval Ratio and Internal Measure Ratio. This ratio is calculated to find out whether
Inventory or Stock Turnover Ratio Inventory or Stock Turnover is otherwise called as stock velocity. It indicates whether the inventory has been used effective or not. The very purpose
Quick Ratio | Acid Test Ratio | Liquid Ratio Quick ratio may be defined as the relationship between quick / liquid assets and current or liquid liabilities. Liquid