From the following particulars, prepare the balance sheet of Rajnikant Fans Limited as on 31st March, current
Question:
From the following particulars, prepare the balance sheet of Rajnikant Fans Limited as on 31st March, current year:
Current ratio is 2; Working capital is ₹40,00,000; Capital block to current asset is 3:2; Fixed asset to turnover is 1:3; Sales cash/credit is 1:2; Debentures/Share capital is 1:2; Stock velocity is 2 months; Creditors velocity is 2 months; Debtors velocity is 2 months; Gross profit ratio is 25% to sales; Capital block consists of Net profit is 10% of turnover and Reserve is 2.5% of turnover.
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To prepare the balance sheet of Rajnikant Fans Limited as of 31st March of the current year we will need to use the given ratios and other information to calculate the various components of the balanc...View the full answer
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Related Book For 
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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