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Q. No. 02 Following particulars have been taken from ABC & Company: Particulars Raw Material consumed during the year Average stock of Raw material Work-in-Progress
Q. No. 02 Following particulars have been taken from ABC & Company: Particulars Raw Material consumed during the year Average stock of Raw material Work-in-Progress inventory Finished Goods Average W-I-P inventory Average Finished goods held in stock Average collection period from debtors Average credit period availed No of days in a year Required: Calculate Net Working capital? Amounts (Rs.) 12,00,000 100,000 10,00,000 16,00,000 60,000 80,000 90 days 60 days 360 days
Q. No. 02
Following particulars have been taken from ABC & Company:
Particulars
Raw Material consumed during the year Average stock of Raw material Work-in-Progress inventory
Finished Goods
Average W-I-P inventory
Average Finished goods held in stock Average collection period from debtors Average credit period availed
No of days in a year
Required: Calculate Net Working capital?
Amounts (Rs.)
12,00,000 100,000 10,00,000 16,00,000 60,000 80,000
90 days 60 days 360 days
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Auditing A Risk Based Approach to Conducting a Quality Audit
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
10th edition
978-1305080577
