The current ratio of a company is 2: I. Stale giving reason whether purchase of goods on credit will increase, decrease or not change the ratio. (C.B.S.E. 2020. Delhi) Post category:Accountancy Reading time:1 mins read SOLUTION DecreaseReason: Both Current Assets and Current Liabilities will increase by the same amount. 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 PostShould the bank overdraft be included in current liabilities? Next PostWhat will be the impact of ‘Cash Paid to trade Payables on a Current Ratio of 2: 1? State the reason. You Might Also Like Where would you transfer the balance left in the share forfeited account after the reissue of such shares? September 28, 2022 Ratio of Current Assets (Rs. 8,75,000) to Current Liabilities (Rs. 3,50,000) is 2.5: 1. The firm wants to maintain Current Ratio of 2: 1 by purchasing goods on credit. Compute amount of goods that should be purchased on credit. August 12, 2022 Light Lamps Ltd. issued 50,000 shares of Rs. 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares of Rs. 10 each credited as fully paid-up to the underwriters of shares for their services. journalise these transactions July 14, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Where would you transfer the balance left in the share forfeited account after the reissue of such shares? September 28, 2022
Ratio of Current Assets (Rs. 8,75,000) to Current Liabilities (Rs. 3,50,000) is 2.5: 1. The firm wants to maintain Current Ratio of 2: 1 by purchasing goods on credit. Compute amount of goods that should be purchased on credit. August 12, 2022
Light Lamps Ltd. issued 50,000 shares of Rs. 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares of Rs. 10 each credited as fully paid-up to the underwriters of shares for their services. journalise these transactions July 14, 2022
