What are liquid assets? Post category:Accountancy Reading time:1 mins read SOLUTION ‘Liquid Assets’ means those assets which will yield cash very shortly. Current assets except inventory and prepaid expenses are included in liquid assets. 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 Liquid Ratio? Next PostWhat is the ideal Quick Ratio? You Might Also Like Following is the Balance Sheet of Kusum, Sneh and Usha as on 31st March, 2019, who have agreed to share profits and losses in proportion of their capitals: August 4, 2022 From the following information, calculate Cash Flow from Financing Activities: August 18, 2022 Disha and Divya are partners in a firm sharing profits in the ratio of 3 : 2 respectively. The fixed capital of Disha is Rs. 4,80,000 and of Divya is Rs. 3,00,000. On 1st April, 2019 they admitted Hina as a new partner for 1/5th share in future profits. Hina brought Rs. 3,00,000 as her capital. Calculate value of goodwill of the firm and record necessary Journal entries on Hina’s admission. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Following is the Balance Sheet of Kusum, Sneh and Usha as on 31st March, 2019, who have agreed to share profits and losses in proportion of their capitals: August 4, 2022
Disha and Divya are partners in a firm sharing profits in the ratio of 3 : 2 respectively. The fixed capital of Disha is Rs. 4,80,000 and of Divya is Rs. 3,00,000. On 1st April, 2019 they admitted Hina as a new partner for 1/5th share in future profits. Hina brought Rs. 3,00,000 as her capital. Calculate value of goodwill of the firm and record necessary Journal entries on Hina’s admission. August 1, 2022