and Statutory Audit (2 marks) 13. The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 31 March 2000 is given below: 26 Particular To Opening Stock Purchases Carriage and Freight Wages Gross Profit b/d Rs. 5,00,000 98,500 re 2 Rs. Particular 76,250 By Sales 3,15,250 Closing stock 2,000 5,000 2,00,000 5,98,500 SE 5,98,500 2,00,000 se To Administration expenses Selling and Dist. expenses Non-operating expenses * Financial Expenses Net Profit c/d 1,01,000 By Gross Profit bſd 12,000 Non-operating incomes: 2,000 Interest on Securities 7,000 * Dividend on shares 84,000 "Profit on sale of shares 2,06,000 1,500 3,750 750 2,06,000 Required: Calculate (i) Gross profit ratio (ii) Expenses ratio (iii) Operating ratio (iv) Net profit ratio (v) Stock turnover ratio (5 marks)

Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100