Fill in the blanks:
i. _______ accounts are accounts of properties and assets.
ii. Laptop account is a _______ account.
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i. A loan account is a personal account. ii. A goodwill account is a real account. iii. A discount account is a nominal account.
i. This statement is True. The loan is taken from a person or bank and they are persons either natural or person or artificial persons. ii. This statement is True. All properties/assets come under real...
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O.M. Ltd. Has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1. If the excess of Current Assets over Quick Assets as represented by Stock is Rs. 1,
Current Assets = Rs. 3,50,000, Current Liabilities = Rs. 1,00,000.
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X Ltd. Has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the excess of current assets over quick assets as represented by stock is Rs. 40,000,
Current Assets = Rs. 1,20,000, Current Liabilities = Rs. 40,000.
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Z Ltd. Has a Current Ratio of 3.5 : 1 and Quick Ratio of 1.5 : 1. If the excess of current assets over quick assets as represented by stock is Rs. 60,
Current Assets = Rs. 1,05,000, Current Liabilities = Rs. 30,000.
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Fixed Assets (at cost) ₹ 12,00,000,Accumulate Depreciation till date ₹ 2,00,000, Trade Investment ₹ 1,00,000, Current Assets ₹ 4,40,000: Current Liabi
Capital employed turnover ratio `="Revence from Operations (Net sales )"/"Capital Employed " ` `=(₹ 20,00,000)/(₹ 12,00,000)`=1.67 Times Capital Employed =Net Fixed Assets +Trade Investment +Current Assets -Current Liabilities = (₹...
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From the following data ,compute Total Assets Turnover Ratio: Fixed Assets ₹ 3,00,000 ,Accumulated Depreciation ₹ 1,00,000, Current Assets ₹ 2,00,000
Total Assets Turnover Ratio` =("Revenue from Operations ")/("Total Assets ") = ("₹ 8,00,000")/("₹ 4,00,000)=2 times . Total Assets =Fixed Assets - Accmulated Depreciation)+Current Assets = ₹ (3,00,000 -1,00,000)+ ₹ 2,00,000...
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Fixed Assets (at cost) ₹ 30,00,00, Accumulated Depreciation till date ₹ 5,00,000 , Trade Investments ₹ 2,50,000: Current Assets ₹ 11,00,000, Currents
Capital Employed Turnover Ratio = 1.67 Times
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Fill in the blanks (i) Current Ratio =`("Current Assets ")/(?)` (ii) Return on Total Assets `=("Profit after Tax")/(?)xx100`
Current Liabilities ,(iii) Tatal Assets
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Law does not provide that at the time of admission of a partner assets be revalued and liabilities reassessed. Why are the assets revalued and liabili
When a partner is admitted the assets are revalued and liabilities are reassessed. The gain (profit) or loss, as the case may be is distributed among the old partners in...
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i. _______ Balance on Nominal Account shows expenses or loss. ii. Cash account always shows _______ balance.
i. debit ii. debit iii. credit iv. credit v. Nominal vi. brought down vii. Drawings viii. ₹ 20,000
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