You are provided with the following details: Current ratio 2.5 Liquidity ratio 1.5 Rs. 300,000 Net...
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You are provided with the following details: Current ratio 2.5 Liquidity ratio 1.5 Rs. 300,000 Net Working Capital Stock Turnover Ratio 6 times Ratio of Gross Profit on Sales 20% Turnover to Fixed assets (net) 2 times Average debt collection period 2 months Fixed Assets to net worth 0.8 Reserve and Surplus to Capital0.5 Draw up the Balance Sheet as at 31st March 2018 of Zoom Ltd with appropriate figures: Paper -1: PRINCIPLES AND PRACTICE OF ACCOUNTING Zoom Ltd Balance Sheet as at 31st March, 2018 Liabilities Rs. Share Capital ? Reserves and Surplus ? Long Term Borrowings 1, 50,000 Debtors Current Liabilities ? Bank Total Assets Rs. Fixed Assets? Stock 11,00,000 ? ? 50,000 11,00,000 You are provided with the following details: Current ratio 2.5 Liquidity ratio 1.5 Rs. 300,000 Net Working Capital Stock Turnover Ratio 6 times Ratio of Gross Profit on Sales 20% Turnover to Fixed assets (net) 2 times Average debt collection period 2 months Fixed Assets to net worth 0.8 Reserve and Surplus to Capital0.5 Draw up the Balance Sheet as at 31st March 2018 of Zoom Ltd with appropriate figures: Paper -1: PRINCIPLES AND PRACTICE OF ACCOUNTING Zoom Ltd Balance Sheet as at 31st March, 2018 Liabilities Rs. Share Capital ? Reserves and Surplus ? Long Term Borrowings 1, 50,000 Debtors Current Liabilities ? Bank Total Assets Rs. Fixed Assets? Stock 11,00,000 ? ? 50,000 11,00,000
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ANSWER Balance Sheet of Zoom Ltd as at 3132018 Capital and Liabilities Rs Assets Rs Share Capital 50... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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