Give two uses of Ratio Analysis. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Helpful in judging the profitability of the business.(ii) Helpful in judging the liquidity of the business. 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 PostGive two Objectives of Ratio Analysis. Next PostGive one limitation of ratio analysis. You Might Also Like Give two Objectives of Ratio Analysis. October 1, 2022 Ram, Mohan and Sohan were partners sharing profits in the ratio of 2: 1: 1. Ram withdrew Rs. 3,000 every month and Mohan withdrew Rs. 4,000 every month. Interest on drawings @6% p.a. was charged, whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error. October 11, 2022 Does the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ram, Mohan and Sohan were partners sharing profits in the ratio of 2: 1: 1. Ram withdrew Rs. 3,000 every month and Mohan withdrew Rs. 4,000 every month. Interest on drawings @6% p.a. was charged, whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error. October 11, 2022
Does the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) September 27, 2022