Education and Career Forum

1).Prepare the profit & loss account and balance sheet of the company.

*fixed assets(after written off 30%) Rs.10,50,000

*fixed assets turnover ratio 2

*finished goods turnover ratio 6

*rate of gross profit to sales 25%

*operating net profit (before interest) to sales so

*fixed charges cover (debenture interest 7%) 8

*debt collection period 1.5 months

*materi consumed to sales: 30%

This question is for Accounting job test?

It must have been good if you would have mentioned about which exam you are preparing for to get the Financial Accounting job but anyways most of the job exams use to similar.

Now the first important thing which you need to follow up is that being more informative on what is basic Finance and Accounting all about. You might have learnt about in your degree course but still you need to prepare for those topics again and again to get more points in the selection.

I have attached some of the model question papers for finance and accounting in this post for your references. Just go through it once and start following it based on the need.

There are several books available in the market which will help you to prepare for the same. Some of the books which you can probably buy for preparations are as follows,

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