Question

A and B share profits and losses in the ration of 5:2. They have decided to dissolve the firm. Assets and external liabilities have been transferred to Realisation A/c. Pass the Journal Entries to affect the following: Bank Loan of Rs. 12,000 is paid off. A was to bear all expenses of Realisation for which he is given to commission of Rs. 400. Deferred Advertisement Expenditure A/c appeared in the book at Rs. 28,000. Stock worth Rs. 1,600 was taken over by B at Rs. 1,200. As unrecorded Computer realized Rs. 7,000. There was an outstanding bill for repairs for Rs. 2,000. Which was paid off.

Answer 1

Angad,Baloo and Chitra were partners in a firm sharing profits and losses in the ratio of

6:5:3.Their Balance sheet as at 31-03-2015 was as follows:

Q) From the following information, calculate interest Coverage Ratio:

Net prof

Answer 2

Answer:

ur answer is in above!!!