From the following particulars, prepare the balance sheet of Shri Mohan Ram and Co. Ltd as at
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From the following particulars, prepare the balance sheet of Shri Mohan Ram and Co. Ltd as at March 31, current year.
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Current ratio, 2 Working capital, *4,00,000 Capital block to current asset, 3:2 Fixed asset to turnover, 1:3 Sales cash/credit, 1:2 Debentures/share Stock velocity, 2 months Creditors velocity, 2 months Debtors velocity, 2 months Gross profit ratio, 25 per cent (to sales) Capital block: Net profit, 10 per cent of turnover Reserve, 2.5 per cent of turnover capital, 1:2
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Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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