Question

Son debtors.
Provision for legal damages is to be increased by Rs 1200 and furniture to be brought upto Rs 45000
o Goodwill or the firm is valued at Rs 42000
y R$ 26000 from B's capital account be transferred to his loan account and balance to be paid through
bank, if required, necessary loan may be obtained from bank.
New profīt sharing ratio of A and C is decided to be 5:1
Prepare Revaluation Account, Partners Capital Account and Balance sheet.
PART - B
(Analysis of Financial Statement)
23. Proposed dividend is a
liability
24. Ir qurok rate is 3:1 and current liabilities are Rs 60,000, then quick asset will be
1
Rs 120.000
b) Rs 30,000
Rs 2.10.000
Rs 1,80,000
25. Ratio analysis and cash flow are used for in accounting
1
26. The ... may indicate that the firm is experiencing stock outs and lost sales
1
a) Average payment period b) Average collection period
e) Inventory turnover ratio d) Quick ratio
27. Interest received is considered as which type of activity?
1
28. The assets which can be realised in cash or from which further benefit can be derived,
are known as fictitious assets. (True/False)
1
29. Which of the following is not an item of sub-head other current liabilities in balance sheet?
1
a) Creditors
b) Outstanding expenses
c) Advance income
d) Both (b) &(c)
Calculate proprietary ratio, if total assets to debt ratio is 2:1. Debt is Rs 5,00,000. Equity share capital 0.5
es of debt. Preference share capital is 25% of equity share capital. Net profit before tax is Rs 10,00.000
rate of tax is 40%​

Answer 1

Answer:

this question is verry very long.

Answer 2

Answer:

this is a very big question