Question

65. On the basis of following data, the proprietary ratio of a Company will be: Equity Share Capital 36,00,000; Debentures *2,40,000; Statement of Profit & Loss Debit Balance 40.000. (A) 74% (B) 65% (C) 82% (D) 70%
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Answer 1

Explanation:

                                             total assets - Statement of Profit & Loss Debit Balance (loss)

                                       =     Rs. 6,00,000 - Rs. 40,0000         

                                         Rs.6,00,000 + 2,40,000 - Rs. 40,000

                                        = Rs. 5,60,000

                                            Rs. 8,00,000

PROPREITORY RATIO   = 70%(ANSWER)