Question: please help with this (a) Megha Ltd. was incorporated on 1.7.2020 to take over the running business of Mis Happy from 1.4.2020. The accounts of

please help with this please help with this (a) Megha Ltd. was incorporated on 1.7.2020 to

(a) Megha Ltd. was incorporated on 1.7.2020 to take over the running business of Mis Happy from 1.4.2020. The accounts of the company were closed on 31.3.2021. The average monthly sales during the first three months of the year (2020-21) was twice the average monthly sales during each of the remaining nine months. You are required to compute time ratio and sales ratio for pre and post incorporation periods

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Create a program that accepts a name and a birth date and displays the person's birthday, the current day, the person's age, and the number of days until the person's next birthday. Console Birthday...

megha ltd (a) Megha Ltd. was incorporated on 1.7.2020 to take over the running business of Mis Happy from 1.4.2020. The accounts of the company were closed on 31.3.2021. The average monthly sales...

megha ltd was incorported (a) Megha Ltd. was incorporated on 1.7.2020 to take over the running business of Mis Happy from 1.4.2020. The accounts of the company were closed on 31.3.2021. The average...

I'm an undergrad accounting student in an introduction to forensic accounting course.I need help getting started on a final project for this class over a fictitious company called the Grand Teton...

Green Thumb Ltd. (GT Ltd.) is a Canadian-controlled private corporation operating a franchise gardening and plant nursery retail store in Kamloops, BC. Bob Green, is the company's sole shareholder...

please help me to find the answer for part 1, part3 and part4 Queensland University of Technology QUT Business School School of Accountancy AYB 339 Accountancy Capstone Integrated Case Study Semester...

Can you write an essay? CASE: SM-219 DATE: 02/06/14 BASWARE IN 2013: TRANSITION TO SOFTWARE AS A SERVICE The technology transition is a complicated and difficult task, but the end is in sight....

Describe the customer value proposition, profit model, core capabilities, and dynamic capabilities that underlay Prosper's business model. Note that Prosper's 'matching' service involves two sets of...

Topic: Valuation and Mergers & acquisitions I need powerpoint presentation with 20 slides and each slideshave to be speakers note minimum 200 words. could you please follow below quistions that I...

Answer question "Google in China" using image provided G C HB HB G X + X canvas.biola.edu/groups/39504/discussion_topics/545276 Update : Apps YouTube Netflix M Inbox (651) - devon... My Tasks - My...

Which of the following 22 items does a company include in the cost of property, plant, and equipment? 1. Contract price 2. List price 3. Freight costs 4. Discounts taken 5. Discounts not taken 6....

Find out the collision frequency of CO2 having cross-section 0.52nm^2 with relative speed 536m/s ? (Temperature=298K and Pressure= 12atm)

In which type of legal partnership are partners active but not publicly known? dormant partners silent partners secret partnerships limited partnership

Which of the following statements is false? A. During preimplantation, radiation damage can only result in the death of the embryo. If the embryo survives, it grows normally. B. During organogenesis,...

The main effects on children irradiated in utero in Hiroshima and Nagasaki are: A. fetal loss and mental retardation B. infant mortality and microcephaly C. microcephaly and mental retardation D....

Which of the following is true about risks associated with exposure of the embryo and fetus in utero? A. Exposure in the preimplantation phase usually results in permanent growth retardation. B....

The radiation worker declared that she was 3 months pregnant. What additional dose limit to the fetus has the NCRP recommended for the duration of her pregnancy? A. She would not be allowed any...

Which of the following statements is true about radiation exposure of the male and female reproductive systems? A. The dose to induce temporary sterility in the female is 2 Gy. B. The latent period...

Oxford Cereals received several complaints from angry customers that the company is cheating by packaging cereals at less than labeled weights. As the plant operations manager for Oxford Cereals, you...

Describe contextual influences on direct financial compensation.

Describe legally required benefits.

Discuss career development and career development methods.