Financial Analysis

FINANCIAL ACCOUNTING QUESTION ANSWERS Accounting Fundamentals  Bills of Exchange, Consignment, Joint Venture  Preparation of Final Accounts of Commercial Organisations, Not-for-Profit Organisations and Incomplete Records Preparation of Financial Statements of Commercial Organisations  Preparation of Financial Statements of Not-for-Profit Organisations  Preparation of Financial Statements from Incomplete Records  Partnership Accounting  Lease Accounting  Branch (including Foreign Branch) and Departmental […]

Financial Analysis and Planning Ratio Analysis Question 1.Answer the following:What is quick ratio? What does it signify? (Nov 2008, 2 marks)Answer:Quick ratio also termed as “acid test ratio” is one of the best measures of liquidity.It is worked out as follows:Quick Ratio =  Quick Assets  Quick liabilities In the above formula:Quick Assets = Current Assets – InventoriesQuick liabilities […]