gross profit (20%of sales) =60000 shareholders equity = 50000 credit sales to total sale 80% total assets turnover = 3 times inventory turnover 8 times average collection period 18 days current ratio 1.6 long term debt to equity 40%
Answers
Answered by
0
Explanation:
From the following prepare Bank Reconciliation statement in the books of
Rajath and co., as on 30.9.2020.
a. Overdraft balance as per cashbook Rs. 28,470.
b. Interest allowed by bank of Rs.200 was entered twice in the cash
book.
c. It was found that total of one page on the payment side of the cash
book which was Rs. 1,250 was written as Rs.1,520 on the next page.
d. A cheque of Rs.32,000 issued to Insurance company was not yet
presented for payment
e. Out of cheques issued for Rs.7,500 cheques of Rs.5,000 were
presented for payment till the date.
f. Out of the cheques presented for payment one cheque of Rs.700
was not honored due to some technical reasons. No entry was passed
in the cash book for dishonor.
Similar questions