Now I taking preparation for my class exam. Today I have read some important definition in chapter 5- Financial appraisal of suppliers , They are following
Assets : An assets is something which is owned by the business and use for achieving the business objective .
Liability : Liability is a sum owned by the business to outsiders ( eg amount owning the trade and outstanding load , overdraft , tax and wages.)
Income or revenue : this is the amount earned by the organization .
eg from sales, interest of deposit , dividend of investment
Expenditure : The amount spend by the organization .
Assets = Fixed assets + current assets
Net Current assets = Total current assets - total current liability
Turnover : Turnover means what amount of good sold during the year, whether or not the cash was actually received during the year.
Assets : An assets is something which is owned by the business and use for achieving the business objective .
Liability : Liability is a sum owned by the business to outsiders ( eg amount owning the trade and outstanding load , overdraft , tax and wages.)
Income or revenue : this is the amount earned by the organization .
eg from sales, interest of deposit , dividend of investment
Expenditure : The amount spend by the organization .
Assets = Fixed assets + current assets
Net Current assets = Total current assets - total current liability
Turnover : Turnover means what amount of good sold during the year, whether or not the cash was actually received during the year.
Hi Yeasin, This is pramod form India (new Delhi). I read your blog about your course you are studying in NZ. I am also in same procurement domain & i am looking forward to know more about this course. Could you please reply to my email & connect me through my email id or skype, it would be great. My email id is pkd123@gmail.com & skype id is pkd104. Id would be great if you can connect & reply to me about this course on my email id.
ReplyDeleteThanks,
pramod
+91 9818332759