From the following information, make out a statement of proprietors fund with as many details as possible:
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From the following information, make out a statement of proprietors’ fund with as many details as possible:
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(i) Current Ratio 2.5 (ii) Liquid Ratio 1.5 (iii) Proprietory Ratio (fixed assets/proprietory fund) .75 (iv) Working Capital * 60,000 (v) Reserve and Surplus 40,000 (vi) Bank Overdraft 10,000 (vii) There is no long term loan or fictitious assets
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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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