首页
登录
职称英语
Valuation of stock prorides the most common form of description. Stock is ge
Valuation of stock prorides the most common form of description. Stock is ge
游客
2025-06-20
15
管理
问题
Valuation of stock prorides the most common form of description. Stock is generally valued at cost or market value, whichever is the lower, as otherwise profit is shown which may never materialize. It is no more than prudent to err on the side of caution, as some stock may deteriorate or, in the course of time, become unsaleable, and care should be taken to see that in no event must there be an overvaluation.
Naturally an undervaluation of closing stock keeps down the profit and, of course, the tax payable of such profit. The closing stock of the first year becomes the opening stock of the second year, and, if the stock has been greatly undervalued, then the closing stock of the second year will have to be very greatly undervalued if a similar gross profit ratio is to be shown for both years. For example, if stock at the close of the first year is undervalued by £ 1,000, the profit will likewise be kept down by £ 1,000. In the second year, if both the opening and closing stock are undervalued by £ 1,000, the profit will be unaffected and will be the actual profit earned. If it is desired to make the profit £ 1,000 less than actual, in line with the first year, then the closing stock will have to be undervalued by another £ 1,000, making the stock evaluation £ 2,000 less than it actually is. The proprietor’s problems are only just beginning, because, to keep the same ratio of gross profit to sales, the stock will have to be undervalued more and more each year and the build-up will mean that in the course of time too much stock will be held in the business and the proprietor will not know what to do with it. If the excess is sold against cheques, the cheques will show in a banking account; it is not easy to sell bulk stock for cash at its full market value. As so many people have found, undervaluation of stock causes a great deal of difficulty.
In the present instance, it is not any help for the customer to say that his stock is worth £ 42, 000 unless it is his intention to restrict purchases and bring the excess stock back into the account and therefore increase his profit and his tax. By comparing the gross profit ratio over a few years and by careful questioning, it should be fairly straightforward for a banker to judge the true position about customer’s stock valuation methods, and to consider if they alter in substance the trading figures produced. [br] A banker can get the true valuation of the customer’s stock by ______.
选项
A、browsing the balance sheet of the customer
B、careful questioning
C、comparing the historical data of the gross profit ratio
D、all of the above
答案
D
解析
银行只有对客户的财务报表进行仔细研究,并询问相关的存货计算方法,并将其与历史年度的数据进行比较,才能对客户存货的真实水平有所了解。
转载请注明原文地址:https://tihaiku.com/zcyy/4126617.html
相关试题推荐
Valuationofstockproridesthemostcommonformofdescription.Stockisge
Commonstockispaidincapital,whichisregardedasthepermanentcapitaloft
Securityisrequiredonloansforseveralreasons.Oneofthemostcommonis
Securityisrequiredonloansforseveralreasons.Oneofthemostcommonis
Securityisrequiredonloansforseveralreasons.Oneofthemostcommonis
Securityisrequiredonloansforseveralreasons.Oneofthemostcommonis
[originaltext]It’snosecretthatthroughouthistorycommonstockhasoutpe
[originaltext]It’snosecretthatthroughouthistorycommonstockhasoutpe
[originaltext]Morecommonforlendingtransactionstodayiscompoundinterest.[
[originaltext]Morecommonforlendingtransactionstodayiscompoundinterest.[
随机试题
Asoccerreferee(36)______forscoringagoalwhiletakingchargeforagam
RobertBrowning’sMyLastDuchessiscomposedintheformofa(n)A、dramaticmono
Dr.ThomasStarzl,likeallthepioneersoforgantransplant,hadtolearnt
使用IE浏览器浏览网页时,出于安全的考虑,需要禁止执行JavaScript,方法
A.维生素B B.维生素B C.维生素PP D.叶酸 E.泛酸参与一碳单
面颊部有短暂的反复发作的剧痛,检查时除"触发点"外无阳性体征。常见于A.特发性面
一个儿童在看到别人有一顶和他相同的帽子时说:“这顶帽子是我的。”根据皮亚杰的认知
甲公司与乙公司因买卖合同纠纷进行诉讼,甲认为原审法院所作的判决有错误,应当如何申
劳动法律关系的客体一般表现为()。A.一定的行为和财物 B.物、精神财
(2020年真题)电气照明导线连接方式,除饺接外还包括()。A.压接 B
最新回复
(
0
)