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Economics, Accounting & Business: Post your doubts here!

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asadalam
Do so in my FB inbox https://www.facebook.com/sanaiqbaladnan
Mention paper year and question number. Also either send me a typed answer in a word format, or if you have a handwritten answer than make sure its clearly scanned and in PDF format.
P.S. Expect delayed response due to rush of queries.
Im talking about todays paper,can i just give an overall overview of my answer as i obviously dont remember everything i wrote?
 
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for those who cant open word format.PLEASE SPREAD THIS.
 

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Interest on capital is allowed at the rate of 5% per annum. As the capital is introduced in 31 Jan, interest on cap will be payable for 6 months ending 31 July 2014. Therefore, interest on ncapital of (6/12 x 20000 x 5/100)= $500 will be charged to the appropriation A/c.
thanks
 
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What is the formula for Return on capital employed? is it net profit/capital employed or profit before interest/capital employed ?
 
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what is the formula for net assets? is it fixed assets + working capital or total assets- total liabilities.
And how is it relevant to capital employed.
 
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