Toggle website search

Blog

Home>
Doubts>
Accountancy

What is meant by Ratio?

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Relationship between two figures expressed in arithmetical terms is called a ratio. A ratio is simply one number expressed in terms of another. It can be expressed in the form of fractions, rate or percentages.

Share this content

Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window
Opens in a new window

Previous PostWhat is the meaning of Common Size Statement of Profit & Loss?

Next PostWhat is ‘-Ratio Analysis’?

A, B and C are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2019, their Balance Sheet was:

August 2, 2022

Gopal Ltd. was registered with an authorised capital of Rs. 50,00,000 divided into Equity Shares of Rs. 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of Rs. 20 per share on 500 shares. Prepare the Balance Sheet of the company showing the different types of share capital.

July 8, 2022

Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on 31st March, 2018 were Rs. 5,00,000 and Rs. 4,00,000 respectively. Partnership Deed provided to allow interest on capital @ 10% p.a. The firm earned net profit of Rs. 2,00,000 for the year ended 31st March, 2019. Pass the Journal entry for interest on capital.

July 21, 2022

Please Share This Share this content

You Might Also Like

A, B and C are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2019, their Balance Sheet was:

Leave a Reply Cancel reply

Share this content