Ebook Business accounting 1 (Tenth edition): Part 2
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Ebook Business accounting 1 (Tenth edition): Part 2
SPECIAL ACCOUNTING PROCEDURESIntroductionThis part is concerned with the accounting procedures that have to be followed with different forms of organi Ebook Business accounting 1 (Tenth edition): Part 2 isations, and commences with a chapter outlining the basic accounting ratios which may be found necessary at this stage.34Introduction to accounting ratios41135Single entry and incomplete records42336Receipts and payments accounts and income and expenditure accounts44337Manufacturing accounts45738De Ebook Business accounting 1 (Tenth edition): Part 2 partmental accounts48039Cash flow statements48840Joint venture accounts505chapterIntroduction to accounting ratiosLearning objectivesAfter you have stEbook Business accounting 1 (Tenth edition): Part 2
udied this chapter, you should be able to:•calculate some basic accounting ratios•use accounting ratios to calculate missing figures in financial statSPECIAL ACCOUNTING PROCEDURESIntroductionThis part is concerned with the accounting procedures that have to be followed with different forms of organi Ebook Business accounting 1 (Tenth edition): Part 2 nd margin and how to use the relationship between them and sales revenue and gross profit tofind figures that are missing in the trading account. You will also learn how to calculate the stock turnover ratio and some explanations for why these ratios change over time.The need for accounting ratiosWc Ebook Business accounting 1 (Tenth edition): Part 2 will see in. Chapter 47, that accounting ratios arc used to enable US to analyse and interpret accounting statements.This chapter has been inserted aEbook Business accounting 1 (Tenth edition): Part 2
t this point in the book simply so that you will be able to deal with the material in Chapter 35 which includes the drawing up of accounts from incompSPECIAL ACCOUNTING PROCEDURESIntroductionThis part is concerned with the accounting procedures that have to be followed with different forms of organi Ebook Business accounting 1 (Tenth edition): Part 2 set of records, so that you can then draw up the financial statements. Without the use of such accounting ratios, the construction of financial statements from incomplete records would often be impossible.What do you think is meant by the term 'incomplete records'?Mark-up and marginThe purchase cos Ebook Business accounting 1 (Tenth edition): Part 2 t, gross profit and selling price of goods or services may be shown as:Cost Price + Gross Profit = Selling PriceWhen shown as a fraction or percentageEbook Business accounting 1 (Tenth edition): Part 2
of the cost price, the gross profit is known as the mark-up.411Parts • Special accounting proceduresWhen shown as a fraction or percentage of the selSPECIAL ACCOUNTING PROCEDURESIntroductionThis part is concerned with the accounting procedures that have to be followed with different forms of organi Ebook Business accounting 1 (Tenth edition): Part 2 = £5.. ,______Gross ProfitMark-up =----Cost PriceSPECIAL ACCOUNTING PROCEDURESIntroductionThis part is concerned with the accounting procedures that have to be followed with different forms of organiGọi ngay
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