State one transaction which results in an increase in ‘Liquid Ratio’ and no change in ‘Current Ratio’. Post category:Accountancy Reading time:1 mins read SOLUTION Sale of Inventory at Cost Price. 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 PostMention two ratios in which one figure is from Profit and Loss Account and one from Balance Sheet. Next PostWhy inventory is excluded from liquid assets? You Might Also Like How much amount will be paid to Creditors for Rs. 25,000 if Rs. 5,000 of the creditors are not to be paid and the remaining creditors agreed to accept 5% less amount? September 27, 2022 A and B are partners in a firm sharing profits in the ratio of 3: 2. Mrs. A has given a loan of Rs. 20,000 to the firm and the firm also obtained a loan of Rs. 10,000 from B. The firm was dissolved and its assets were realised for Rs. 25,000. State the order of payment of Mrs. A’ s Loan and B’ s Loan with reason, if there were no creditors of the firm. September 27, 2022 How are mutual relations of partners governed in the absence of Partnership Deed? September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
How much amount will be paid to Creditors for Rs. 25,000 if Rs. 5,000 of the creditors are not to be paid and the remaining creditors agreed to accept 5% less amount? September 27, 2022
A and B are partners in a firm sharing profits in the ratio of 3: 2. Mrs. A has given a loan of Rs. 20,000 to the firm and the firm also obtained a loan of Rs. 10,000 from B. The firm was dissolved and its assets were realised for Rs. 25,000. State the order of payment of Mrs. A’ s Loan and B’ s Loan with reason, if there were no creditors of the firm. September 27, 2022
