if current ratio=2.5 : 1
liquid ratio= 1:1
closing stock=rs 45000
calculate
current assets
current liabilities
liquid assets
Answer / lana
Current Ratio= Current Assets(C.A)/Current Liabilities(C.L.)
Liquid Ratio = Quick Assets(Current Assets - Inventory)/ Current Liabilities
* (C.A - 45000)/ C.L. = 1
* C.A./C.l. - 45000/C.l. = 1
* 2.5/1 - 45000/c.l. = 1
* 1.5 = 45000/ C.L.
* C.L = 45000/1.5
* C.L = 30000
* C.A. / C.L. = 2.5/1
* C.A. = 30000 * 2.5
* C.A. = 75000
Liquid assets = Current assets - Inventory
= 75000 - 45000
= 30000
Is This Answer Correct ? | 10 Yes | 1 No |
4- What do you mean by journals and journalizing?
(A/B)(C-(D/E)+F)
what is concept of accounting
Pl send your mail addresses to avail a Free Book on interviews. It is specially designed containing 30 pages for Freshers in Accounting Job Seekers
What are the strong accounting standards?
pls state ledger group in tally ? 1. input vat 2.output vat 3.cenvat credit duty 4.excise duty payable 5.service tax input 6.output service tax 7. tds payable 8. tds receivable.
in bank statement what is the tras date? and value date? what is the difference?
What are the contingent liabilities ?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
what do you mean by tds
definition of Accounts types of accounts debit and credit definition debit and credit rules accounting rules
come will open bank account... what journal will come...