11.
Following transactions are of M/s Rakesh Kumar and Sons for the month of
April, 2015. Prepare their Purchase Book:[4]
Apr. 5
Purchase on credit from M/s Raj Mills:
100 pieces long cloth @
780 50 pieces shirting @
Apr. 8 100
Purchased for cash form M/s Ambika Mills:
Apr 15 50 pieces muslin @ 120
Purchased on credit from My Sagar Mills
20 pieces coating @
21,000 10 pieces
shirting @ 390
Purchased on credit from Man
Answers
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Answer:
The transactions are of M/s Rakesh Kumar and Sons for the month of
April, 2015.
Explanation:
M/s Raj Mills:
100 pieces long cloth @Rs.80 8,000
50 pieces shirting @Rs.100 5,000 13,000
Apr. 20 M/s Sagar Mills:
20 pieces coating @Rs.1,000 20,000
10 pieces shirting @ Rs.90 900 20,900
Apr. 30 Purchases A/c Dr. 33,900
The cutting-edge ratio is calculated by way of dividing total present day property by using general contemporary liabilities.it's miles regularly used as a hallmark of a company's liquidity, that is its capability to meet quick-term responsibilities. The difference among modern-day assets and current liability is known as change working capital
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