Balance Sheet
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2011
Q.The assets of ABC ltd.consists of fixed assets & current aassets while its current liabilities comprise bank credit & trade credit in the ratio of 2:1.The following figures & ratios relating to the co. for the year ended Dec.2010 are aavailable:
Share Capital Rs.199500
working capital Rs.45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3
Required: Balance sheet with computations.
Share Capital Rs.199500
working capital Rs.45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3
Required: Balance sheet with computations.
03 July 2011
Pl ask your query clearly.
Message likes :
1 times
03 July 2011
yes if we can know the ratios then we can prepare the Blance sheet
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2011
Q.The assets of ABC ltd.consists of fixed assets & current aassets while its current liabilities comprise bank credit & trade credit in the ratio of 2:1.The following figures & ratios relating to the co. for the year ended Dec.2010 are aavailable:
Share Capital Rs. 199500
working capital Rs. 45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3
Required: Balance sheet with computations.
Share Capital Rs. 199500
working capital Rs. 45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3
Required: Balance sheet with computations.
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