firm | 3 | Debt –Equity ratios | long term debtequity | 1:2 | Indicates long term solvencyHigher ratio is riskier for the creditors | 4 | Proprietary ratio | Shareholders’ fundsTotal tangible assets | | Variant of debt-equity ratioShows the extent of shareholders funds in the total assets employed in the businessHigher ratio indicates relatively little danger to creditors and vice versa | Notes 1) Current assets are those assets which can be converted into cash within a period of one year
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BUSINESS LAW FINAL * Article 2 governs sales of goods- True * Delivering of a title- Sale * A warehouse receipt is a document that provides proof of ownership of commodities that are stored in a warehouse * Shipment contract- the seller is required or authorized to ship goods by carrier‚ such as a trucking company. The title passes to the buyer at the time and place of shipment * The risk of loss in a shipment contract passes to the buyer or lessee when the goods are delivered
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not tell | |the whole story. There is no record of outstanding debtors or creditors‚ nor of stock‚ nor‚ without | |analysis‚ of for what receipts and payments have been received and paid‚ or‚ in some cases‚ of the split | |between revenue and capital items. As a result‚ in an incomplete record system:- | |€the figures must be calculated‚ extrapolated‚ or extracted in the case of creditors and debtors | |to arrive at the year-end profit and loss account and
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combination can be used. Correct Feedback A troubled debt restructuring is a process whereby creditors grant concessions to the debtor that they would not consider otherwise. These actions could included accepting assets or equity interest to settle debt or modification of terms of the debt. Incorrect Feedback A troubled debt restructuring is a process whereby creditors grant concessions to the debtor that they would not consider otherwise. These actions could included accepting assets or equity
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Chapter 2‚ Title XVII of this Book‚ and by special laws. (1093a) (OBLIGATION FROM QUASI-DELICT) Duties of the debtor Article 1163. Every person obliged to give something is also obliged to take care of it with the proper diligence of a good father of a family‚ unless the law or the stipulation of the parties requires another standard of care. (1094a) Article 1164. The creditor has a right to the fruits of the thing from the time the obligation to deliver it arises. However‚ he shall acquire
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liquidates assets that are not exempt and uses the proceeds to pay creditors. In this bankruptcy creditors may be paid in full or a percentage based on the assets that were available. There is Chapter 11 which is for a business. Chapter 11 allows a business to reorganize its operation and finances so that it can pay its creditors. Sometimes in Chapter 11 another entity may take over the original entity in the reorganization. Creditors are told to give the entity time to reorganize and pay the debts
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the parties requires another standard of care. (1094a) Art. 1164. The creditor has a right to the fruits of the thing from the time the obligation to deliver it arises. However‚ he shall acquire no real right over it until the same has been delivered to him. (1095) Art. 1165. When what is to be delivered is a determinate thing‚ the creditor‚ in addition to the right granted him by Article 1170‚ may compel the debtor to make the delivery. If the thing is indeterminate or generic‚ he may
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derives out of what we today call “Delict”. The person entitled to the benefit of an obligatio was in Roman law termed creditor‚ while he who was bound by it was called debitor. However‚ it is important to note that liability in this form did not yet include the idea that the debtor "owed" monetary compensation to the creditor; it was merely a means of avoiding punishment. If the debtor or his family didn ’t have the means to pay then the old rules still applied as outlined in the Twelve Tables specifically
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LCCI International Qualifications Book Keeping & Accounts Level 2 Model Answers Series 3 2010 (2007) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Book Keeping & Accounts Level 2 Series 3 2010 How to use this booklet Model Answers have been developed by EDI to offer additional information and guidance to Centres‚ teachers and candidates as they prepare for LCCI International Qualifications. The contents of this
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|Rs. | |Debtors 50‚000|47‚000 | |Bills Receivable 10‚000 |12‚500 | |Creditors 20‚000 |25‚000 |
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