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 |
Who owns the general ledger?
My company has just bought a car. The breakdown is as below: cost of the car = 50000 Interest = 15000 Registration fee = 500 Road tax (first year) = 1800 Please show me the correct entries in the books Thank you
who is debtor and creditor?
What is cost accountancy? What are the objects of cost accountancy?
if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.
On what basis you will define accounting structure
3 Answers CMA CGM, Genpact, Meru Cabs,
jv vouchers for salaries entries which reflect j.v's
1 Answers Coslight, Genpact, HCL,
when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
if you are a hard working nature conclude your self?
Do you know company's payable cycle?
how to create salary and pf statement in excel sheet?