From the following, Calculate the Current ratio and Quick ratio. Goodwill - Rs. 80,000 Land & Building
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From the following, Calculate the Current ratio and Quick ratio.
Goodwill - Rs. 80,000
Land & Building = Rs. 60,000
Stock = Rs. 13,640
Sundry Debtors = Rs. 26,150
Bank Balance in Current Account - Rs. 2,430
payment in advance = Rs. 3,100
Bills receivable - Rs. 1,130
Advance Income tax - Rs. 5,000
Sundry Creditors - Rs. 20,287
Bills Payable - Rs. 900
Bank Overdraft - Rs. 2,600
Provision for taxation - Rs. 6,200
Proposed Dividend = Rs. 4,313
Reserve for deferred taxation - Rs. 7,000
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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