Name any two Solvency Ratios. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Debt-Equity Ratio; (ii) Proprietary Ratio. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is meant by ‘Solvency of Business’? (C.B.S.E. 2016) Next PostWhat is Debt-Equity Ratio? You Might Also Like Ajay, Bhawna and Shreya were partners sharing profits in the ratio of 2: 2: 1. On 1st July, 2020 Shreya died. The books of accounts are closed on 31st March every year. Sales for the year 2019-20 Rs. 5,00,000 and that from 1st April to 30th June, 2020 were Rs. 1,40,000. Rate of profit during the past three years had been 10% on sales. Since Shreya’s legal representative was her only son, who is specially abled, it was decided that the profit for the purpose of settling Shreya’s account is to be calculated as 20% on sales. Calculate Shreya’s share of profits till the date of her death and pass necessary Journal entry for the same.(CBSE 2018 C, Modified) August 5, 2022 Capital Employed Rs. 12,00,000; Net Fixed Assets Rs. 8,00,000; Cost of Goods Sold or Cost of Revenue from Operations Rs. 40,00,000; Gross Profit is 20% on Cost. Calculate Working Capital Turnover Ratio. August 16, 2022 Narain Laxmi Ltd. invited applications for issuing 7,500; 12% Debentures of Rs. 100 each at a premium of Rs. 35 per debenture. The full amount was payable on application. Applications were received for 10,000 Debentures. Allotment was made to all the applications on pro rata. Pass necessary Journal entries for the above transactions in the books of Narain Laxmi Ltd. July 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ajay, Bhawna and Shreya were partners sharing profits in the ratio of 2: 2: 1. On 1st July, 2020 Shreya died. The books of accounts are closed on 31st March every year. Sales for the year 2019-20 Rs. 5,00,000 and that from 1st April to 30th June, 2020 were Rs. 1,40,000. Rate of profit during the past three years had been 10% on sales. Since Shreya’s legal representative was her only son, who is specially abled, it was decided that the profit for the purpose of settling Shreya’s account is to be calculated as 20% on sales. Calculate Shreya’s share of profits till the date of her death and pass necessary Journal entry for the same.(CBSE 2018 C, Modified) August 5, 2022
Capital Employed Rs. 12,00,000; Net Fixed Assets Rs. 8,00,000; Cost of Goods Sold or Cost of Revenue from Operations Rs. 40,00,000; Gross Profit is 20% on Cost. Calculate Working Capital Turnover Ratio. August 16, 2022
Narain Laxmi Ltd. invited applications for issuing 7,500; 12% Debentures of Rs. 100 each at a premium of Rs. 35 per debenture. The full amount was payable on application. Applications were received for 10,000 Debentures. Allotment was made to all the applications on pro rata. Pass necessary Journal entries for the above transactions in the books of Narain Laxmi Ltd. July 16, 2022
