Question

calculate current ratio and net profit ratio... gross sales 3,00,000, sales return 20,000, gross profit 20,000, salaries and other expenses 8000, trade debtors 16,000, trade creditors 28,800, bills receivable 4,000, bills payable 12,800, debenture 5,00,000 long term loans 1,00,000, cash 12,000, building 1,00,000​

Answer 1

Answer:

20,000. Bills Payable. 5,000. Rent. 4,000. Plant and Machinery. 40,000. Manufacturing Expenses. 8,000. Sundry Debtors. 24,000. Trade ...

Capitals of the partners will be in proportion to their new profit sharing ratio. For this purpose, Current Accounts will be opened . Pass ...