| 1. |
current liabilities of a company are rs5,00,000 it's current ratio 2.5:1 and quick ratio 1:1 calculate value of current liabilities liquid assets and inventory. (current liabilities=rs2,00,000 liquid assets= rs2,00,000 inventory=rs3,00,000) |
|
Answer» Answer: pilferage (at LIST price) 76,000. Debtors at Mumbai:Opening & 10,000 Cash remitted by Mumbal Branch to HO: t3,24,870. Discount Allowed to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be male for discount on Debtors at payments. 15\% on prompt payments at year end on the basis of year's TREND of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 MANAGER is entitled to a cammission @ 6% of net profits alter charging such commission. Required: Prepare Mumbai Branch Debtors Ale, Mumbai Branch Stock Account, Mumbai Branch Adjustment Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A / C under Stock & Debtors Method, ullu |
|