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+--- Thread: help required in accounting ratios (/thread-help-required-in-accounting-ratios)
help required in accounting ratios - asad.ahmad - 01-22-2006
Hi
i have a problem
if Accounts Receivable is 360000
and allowance for bad debts is 40000
What is the quick ratio and what is the accounts receiveable turnover
please give the explanation as well
- imran Hasnain - 01-23-2006
dear
in order to calculate the quick assets the formula is quick assets/current liabilities and in the question current liabilities are not available.
the formula of accounts receivable turnover ratio is credit sales/average debtors and in the question credit sales is not available
it is an incomplete question
regards
imran
imran
- Muhammad Adnan Arshad - 01-23-2006
Consult following books to clarify your concepts relating to accounting ratios. Also learn by heart (in good) the related formula of accounting ratios.
PAC Past Papers (FAC2);
Frankwood Vol I, II;
M.A. Ghani (Accounts);
NOTE
Quick Ratio = (Current Assets-Stock-in-Trade)/(Current Liabilities)
A/Cs' Receivables Turnover = Sales/A/Cs' Receivables (Perhaps)
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[email protected]
- asad.ahmad - 01-24-2006
hi
i am doiing pipfa can u guide me which book/s should i take and are the pipfa past papers available in the market
- Muhammad Adnan Arshad - 01-24-2006
1-The recommended books for CA are almost the recommended books for PIPFA. No, seperate books for PIPFA specifically are available in the market so far. To see/search for recommended books for CA on this website, I've also posted useful threads on this issue. Perform the following steps.
>>>Click Search Icon>>>Write "Recommended Books">>>& Press Search
Afterall, you will see the recommended books for CA.
2-Seperate past papers for PIPFA aren't available in the market, I think so. But even you can contact your nearest PIPFA contact office for further details of PIPFA publications.
Anyway, for PIPFA past papers or other PIPFA publications, click below;
http//www.pipfa.org.pk/download.asp
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[email protected]
- asad.ahmad - 01-25-2006
hi
i only want to know that from which book the pipfa students on the fourm consult
- asad.ahmad - 01-26-2006
hi
i only want to know that from which book the pipfa students on the fourm consult