1-Gyg limited has 70,000 current assert 220000 in total asset  and 50000 in current liability and 190000 in total liabilities .what is the ratio of the company?

Q-2 ABC has withdrew 900 from the business( sole trade )bank ac for personal travel expenses?What is journal entry for this transaction .

 Q-3 GYC financial service statement shows the following amount for total assets and liabilities.There were no capital contribution and withdraw during the year? How much profit does business have?

 

Answer rating: 100% (QA)

The ratio analysis of Gyg Limited can be computed as follows Current Ratio This ratio measures the ability of a company to pay off its shortterm liabi... View the full answer