Question

2.5
1.3
For the following information pertaining to a company
prepare its trading Pę L Ale for the year ended, 31, 2018
and a Summenized Balance sheet as at that date
aiment ratio
quick ratio
Proprietary palo (Fixed ancesty
Poopiebany ford) 0.6
Gooss profit vakio
10%
Debtors Veloaty
Sales
Re 14, 60,000
Rs 2,49000
working capteed
Gork Overcoal
Ps30,000
Net profit
10% of proprielany funds
opening
Stock.
Closting stock is 10% more than
40 days​

Answer 1

Answer:

You are provided with the following details:

Current ratio 2.5

Liquidity ratio 1.5

Net Working Capital Rs. 300,000

Stock Turnover Ratio 6 times

Ratio of Gross Profit on Sales 20%

Turnover to Fixed assets (net) 2 times

Average debt collection period 2 months

Fixed Assets to net worth 0.8

Reserve and Surplus to Capital 0.5

Draw up the Balance Sheet as at 31st March 2018 of Zoom Ltd with appropriate figures:

Paper -1 : PRINCIPLES AND PRACTICE OF ACCOUNTING

Zoom Ltd

Balance Sheet as at 31st March, 2018

Liabilities Rs. Assets Rs.

Share Capital ? Fixed Assets ?

Reserves and Surplus ? Stock ?

Long Term Borrowings 1,50,000 Debtors ?

Current Liabilities ? Bank 50,000

Total 11,00,000 11,00