15 November 2008
Would you please solve this question?
From the particulars given below, prepare the Balance Sheet of X Ltd. on 31st March, 2005. Particular Rs. Annual Sales 4,00,000 Sales to net worth 4 times Current liabilities to net worth 50% Total debts to net worth 80% Current Ratio 2.2 times Average collection period 40 days Fixed assets to net worth 70%. Assume that all sales are made on credit.
15 November 2008
Assume 360days in year Debtors: 4 Lacs *40/360
Net worth 1 lacs 400000/4 Debts 80000 (80% of NW) Current liablities 50000 (50% of NW) Current ratio 110000 (CL *2.2) FA: 70000 (70% of NW) Goahead !!!
CAclubindia
