From the following information, prepare balance sheet.1) Current Ratio

1.	From the following information, prepare balance sheet.1) Current Ratio 2 2) Working capital 4 Lacs 3) Fixed assets turnover 1:34) Sales = Cash/Credit 1:25) Creditors velocity 2 months 6) Stock velocity 2 months 7) Debtors velocity 3 months 8) Net profit 10% Of turnover 9) Reserves 2.5% of turnover 10) Debentures/Share capital 1:2 11) Gross profit ratio25% 12) Capital block to current assets 3:2Show full working notes
Answer» ANSWER: Which SUBJECT is this...

From the following information, prepare balance sheet.1) Current Ratio 2 2) Working capital 4 Lacs 3) Fixed assets turnover 1:34) Sales = Cash/Credit 1:25) Creditors velocity 2 months 6) Stock velocity 2 months 7) Debtors velocity 3 months 8) Net profit 10% Of turnover 9) Reserves 2.5% of turnover 10) Debentures/Share capital 1:2 11) Gross profit ratio25% 12) Capital block to current assets 3:2Show full working notes

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Which SUBJECT is this...

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