Would have made it easier for debtors to pay their creditors?

Would have made it easier for debtors to pay their creditors?
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Paper Money
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(i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Description : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.

1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Last Answer : Journalise the following transactions in the Journal Proper of Mr. Mahadev. 1 Pass opening entries: ... Allowed cash discount of ₹ 1,000 to Ajay.

Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Description : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Last Answer : Answer: 1•125 : 1

Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position

Description : Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position

Last Answer : Answer: have no effect on liquidity

Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Description : Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Last Answer : (2) Creditors Explanation: Companies issue debentures instead of shares to extend their business. These debentures are issue to borrow loan from general public; interest is paid on the borrowed money ... holders. So a debenture holder is essentially a creditor who simply gives loan to the company.

Which of the following is not a cash inflow? a) Decrease in debtors b) Issue of shares c) Decrease in creditors d) Sale of fixed assets

Description : Which of the following is not a cash inflow? a) Decrease in debtors b) Issue of shares c) Decrease in creditors d) Sale of fixed assets

Last Answer : c) Decrease in creditors

Which of the following is not a cash inflow? A. Decrease in debtors B. Issue of shares C. Decrease in creditors D. Sale of fixed assets

Description : Which of the following is not a cash inflow? A. Decrease in debtors B. Issue of shares C. Decrease in creditors D. Sale of fixed assets

Last Answer : C. Decrease in creditors

Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors

Description : Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors

Last Answer : D. Increase in creditors

The ratio which indicates how quickly debtors are converted into cash is--------- a) Receivable turnover ratio b) Inventory turnover ratio c) Working capital turnover ratio d) Creditors turnover ratio

Description : The ratio which indicates how quickly debtors are converted into cash is--------- a) Receivable turnover ratio b) Inventory turnover ratio c) Working capital turnover ratio d) Creditors turnover ratio

Last Answer : a) Receivable turnover ratio

Debenture holders of a company are its (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Description : Debenture holders of a company are its (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Last Answer : Creditors

How soon can the creditor garnish the debtors wages after the judgement has been made in court?

Description : How soon can the creditor garnish the debtors wages after the judgement has been made in court?

Last Answer : within 90 days

If a default is made in delivering the annual return to the Registrar , the company is likely to facea) Compulsory winding up by the tribunal. b) Voluntary winding by members. c) Voluntary winding up by creditors. d) None of the above

Description : If a default is made in delivering the annual return to the Registrar , the company is likely to facea) Compulsory winding up by the tribunal. b) Voluntary winding by members. c) Voluntary winding up by creditors. d) None of the above

Last Answer : a) Compulsory winding up by the tribunal.

How to peek into the debtors' register?

Description : Is it possible to see if I am in the register of debtors, or if only companies, for example, have access to loans? Thank you Hladký Miroslav

Last Answer : Check the links to see if there's anything in them. https://www.google.com/search?q=register+dlu%C5%BEn%C3%ADk%C5%AF+free&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:cs:official&client= firefox-a & channel = sb & gfe_rd = cr & ei = dKw-U9S5OKuK8Qeu94CQBA

A Debtors A/c always show a credit balance.

Description : A Debtors A/c always show a credit balance.

Last Answer : State whether the following statement are ‘True or False’ with reason : A Debtors A/c always show a credit balance.

(i) An amount that is not recoverable from debtors is called bad debt.

Description : (i) An amount that is not recoverable from debtors is called bad debt.

Last Answer : Do you agree or disagree with the following statement : (i) An amount that is not recoverable from ... used as financial evidence in a court of law.

What state was settled by debtors?

Description : What state was settled by debtors?

Last Answer : Georgia was originally settled as a debtors' colony.

What colony was set up to help debtors?

Description : What colony was set up to help debtors?

Last Answer : What is the answer ?

In what year did people who had been in debtor's prisons in England arrive in America?

Description : In what year did people who had been in debtor's prisons in England arrive in America?

Last Answer : 1733

In what year did people who had been in debtor's prisons in England arrive in America?

Description : In what year did people who had been in debtor's prisons in England arrive in America?

Last Answer : 1733

Chapter 13 Bankruptcy Provides Relief to Debtors?

Description : Chapter 13 Bankruptcy Provides Relief to Debtors?

Last Answer : If you're overwhelmed by debt and have a steady job, filing for bankruptcy under Chapter 13 of the federal bankruptcy code might work for you.The federal government calls it the "wage earners" ... payments within 30 days of filing. When the debts have been paid, the bankruptcy can be discharged.

Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio

Description : Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio

Last Answer : Answer: Debtors’ Turnover Ratio

Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of cash held C. Taking full advantage of credit offered by trade suppliers D. Applying the economic order quantity model to stock management E. Adopting the use of just-in-time stock management

Description : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management

Last Answer : B. Using cash management models to optimise the level of cash held

. If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be (a) 30 days (b) 61 days (c) 90 days (d) 120 days

Description : . If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be (a) 30 days (b) 61 days (c) 90 days (d) 120 days

Last Answer : (b) 61 days

Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.

Description : Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.

Last Answer : d) Outstanding expenses -current asset.

Provision for discount on debtors is calculated on the amount of debtors. a) Before deducting provision for doubtful debts. b)After deducting provision for doubtful debts. c) Before deducting actual debts and provision for doubtful debts. d) After adding actual bad and doubtful debts.

Description : Provision for discount on debtors is calculated on the amount of debtors. a) Before deducting provision for doubtful debts. b)After deducting provision for doubtful debts. c) Before deducting actual debts and provision for doubtful debts. d) After adding actual bad and doubtful debts.

Last Answer : b)After deducting provision for doubtful debts.

Current assets include A. Stores & Spare parts B. Stock in trade C. Sundry Debtors D. All of the above

Description : Current assets include A. Stores & Spare parts B. Stock in trade C. Sundry Debtors D. All of the above

Last Answer : D. All of the above

The term current asset doesn’t cover A. Car B. Debtors C. Stock D. Prepaid expenses

Description : The term current asset doesn’t cover A. Car B. Debtors C. Stock D. Prepaid expenses

Last Answer : A. Car

Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Description : Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Last Answer : A. (i) and (ii)

Current assets are Rs.6,00,000 current liabilities are Rs.3,00,000 the debtors realized Rs.40,000, the impact on net working capital would be------------------------- a) No change in working capital b) Decrease of working capital by Rs.80,000 c) Increase of working capital by Rs.40,000 d) None of these

Description : Current assets are Rs.6,00,000 current liabilities are Rs.3,00,000 the debtors realized Rs.40,000, the impact on net working capital would be------------------------- a) No change in working ... Decrease of working capital by Rs.80,000 c) Increase of working capital by Rs.40,000 d) None of these

Last Answer : a) No change in working capital

Which of the following is non-current asset a) Goodwill b) Debtors c) Stock d) Prepaid rent

Description : Which of the following is non-current asset a) Goodwill b) Debtors c) Stock d) Prepaid rent

Last Answer : a) Goodwill

Debtors turnover ratio measures---------- a) Short term solvency b) Operating efficiency c) Long term solvency d) Credit policy

Description : Debtors turnover ratio measures---------- a) Short term solvency b) Operating efficiency c) Long term solvency d) Credit policy

Last Answer : a) Short term solvency

Debtors turnover ratio is used to calculate------ a) efficiency b) solvency c) liquidity d) profitability

Description : Debtors turnover ratio is used to calculate------ a) efficiency b) solvency c) liquidity d) profitability

Last Answer : a) efficiency

Debtors turnover ratio also known as---------- a) Payable turnover b) Receivable turnover ratio c) Creators turnover ratio d) Debtors velocity

Description : Debtors turnover ratio also known as---------- a) Payable turnover b) Receivable turnover ratio c) Creators turnover ratio d) Debtors velocity

Last Answer : b) Receivable turnover ratio

Example of leverage ratio a) Debtors velocity b) Stock turnover ratio c) Current ratio d) Solvency ratio

Description : Example of leverage ratio a) Debtors velocity b) Stock turnover ratio c) Current ratio d) Solvency ratio

Last Answer : d) Solvency ratio

Debt service ratio is also known as -------------- a) Interest coverage ratio b) Dividend payout ratio c) Solvency ratio d) Debtors turn over ratio

Description : Debt service ratio is also known as -------------- a) Interest coverage ratio b) Dividend payout ratio c) Solvency ratio d) Debtors turn over ratio

Last Answer : a) Interest coverage ratio

The ratio which depicts the relationship between two items,one of which is drawn from the Balance Sheet and the other from the revenue account a) Current ratio b) Equity Ratio c) Net Profit ratio d) Debtors Turn over Ratio

Description : The ratio which depicts the relationship between two items,one of which is drawn from the Balance Sheet and the other from the revenue account a) Current ratio b) Equity Ratio c) Net Profit ratio d) Debtors Turn over Ratio

Last Answer : d) Debtors Turn over Ratio

Can you show me a list of creditors for Canadian debt?

Description : Can you show me a list of creditors for Canadian debt?

Last Answer : answer:@RedDeerGuy1 That's not quite how sovereign debt works. Sovereign debt is funded by issuing bonds, which are tradeable, and a list of holders most likely changes on a daily basis. And it may ... to bank. Also, most of the bonds are probably held by domestic investors, such as pension funds.

Would you be on creditors’ committee of a bankrupted family member?

Description : Would you be on creditors’ committee of a bankrupted family member?

Last Answer : answer:Can you afford to lose almost half a million dollars? Is this man your wife’s brother?

Is it possible for creditors to forgive debt, and could that be solution to the country's/world's problems?

Description : Is it possible for creditors to forgive debt, and could that be solution to the country's/world's problems?

Last Answer : answer:This is done all the time, but the bill still has to be picked up by somebody. The U.S. has occasionally forgiven some foreign debt, but it gets paid for by the taxpayers. The credit ... understand all of the nuances, but the bottom line is that the piper must eventually be paid by someone.

How does bankruptcy stop creditors and what is the Automatic Stay?

Description : How does bankruptcy stop creditors and what is the Automatic Stay?

Last Answer : After you file for bankruptcy, the automatic stay offers potent legal protection against bill collectors. When you file for bankruptcy, something called the automatic stay immediately stops any lawsuit ... have to overcome this presumption to get the protection of the stay in your current case.

Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.

Description : Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.

Last Answer : Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.

Explain the following concept: Creditor’s Meeting

Description : Explain the following concept: Creditor’s Meeting

Last Answer : Explain the following concept: Creditor’s Meeting

What are Supply a short response for this vacancy for creditors clerk?

Description : What are Supply a short response for this vacancy for creditors clerk?

Last Answer : Feel Free to Answer

Bulk Sale, Notice to Creditors?

Description : Bulk Sale, Notice to Creditors?

Last Answer : Bulk Sale, Notice to Creditors(Download)______________________ conducts a business engaged in _____________, at ________________, ____________, __________. _____________ has ... _______________As its: OwnerExhibit One: Undisputed CreditorsExhibit Two: Disputed Creditor

If I am a creditor (landlord)what does Chapter 13 bankruptcy mean for me I am listed in the creditors by a lady that rents a house from me. Thank you.?

Description : If I am a creditor (landlord)what does Chapter 13 bankruptcy mean for me I am listed in the creditors by a lady that rents a house from me. Thank you.?

Last Answer : Usually it means that you can't sue your tenant in regular court, you have to go thru the bankruptcy court. It really shouldn't mean much for you, tho, your tenant will need to keep paying rent, or move out.

Is my rollover IRA protected from creditors in Grand Rapids, Michigan?

Description : Is my rollover IRA protected from creditors in Grand Rapids, Michigan?

Last Answer : Your IRA is protected from Creditors, they have no right to bother your IRA.

Bonus Shares are issued to– (A) Equity Shareholders (B) Preference Shareholders (C) Debenture Holders (D) Secured Creditors

Description : Bonus Shares are issued to– (A) Equity Shareholders (B) Preference Shareholders (C) Debenture Holders (D) Secured Creditors

Last Answer : Answer: Equity Shareholders

A meeting of the shareholders held only once during the life time of the company is known as– (A) Meeting of the Directors (B) Meeting of the Creditors (C) Extraordinary General Meeting (D) Statutory Meeting

Description : A meeting of the shareholders held only once during the life time of the company is known as– (A) Meeting of the Directors (B) Meeting of the Creditors (C) Extraordinary General Meeting (D) Statutory Meeting

Last Answer : Answer: Statutory Meeting

Which of the following groups suffer the most from inflation? (1) Debtros (2) Creditors (3) Business class (4) Holders of real assets

Description : Which of the following groups suffer the most from inflation? (1) Debtros (2) Creditors (3) Business class (4) Holders of real assets

Last Answer : (2) Creditors Explanation: Inflation, or the general rise of price levels in an economy, has many deleterious effects. It leaves the economy as a whole poorer relative to pre-inflation levels of wealth ... substantial debt, each dollar one has to repay would be worth less than when it was borrowed.