What is an ideal current ratio? Post category:Accountancy Reading time:1 mins read SOLUTION An ideal current ratio is 2: 1. 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 are Current Liabilities? Next PostWhat is Liquid Ratio? You Might Also Like Virad, Vishad and Roma were partners in a firm sharing profits in the ratio of 5: 3: 2 respectively. On 31st March, 2013, their Balance Sheet was as under: August 5, 2022 Mahesh, Ramesh and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the business. they faced the following problems: (a) Mahesh wants that interest on capital should be allowed to the partners but Ramesh and Suresh do not agree. (b) Ramesh wants that the partners should be allowed to draw salary but Mahesh and Suresh do not agree. (c) Mahesh and Ramesh want that Suresh should pay interest on loan given to him by the firm but Suresh does not agree. (d) Mahesh and Ramesh having contributed larger amounts of capital, desire that the profits should be distributed in the ratio of their capital contribution but Suresh does not agree. State how you will settle this dispute if the partner approach you for the purpose. September 16, 2022 What is the balance of Debenture Redemption Reserve transferred to General Reserve? September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Virad, Vishad and Roma were partners in a firm sharing profits in the ratio of 5: 3: 2 respectively. On 31st March, 2013, their Balance Sheet was as under: August 5, 2022
Mahesh, Ramesh and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the business. they faced the following problems: (a) Mahesh wants that interest on capital should be allowed to the partners but Ramesh and Suresh do not agree. (b) Ramesh wants that the partners should be allowed to draw salary but Mahesh and Suresh do not agree. (c) Mahesh and Ramesh want that Suresh should pay interest on loan given to him by the firm but Suresh does not agree. (d) Mahesh and Ramesh having contributed larger amounts of capital, desire that the profits should be distributed in the ratio of their capital contribution but Suresh does not agree. State how you will settle this dispute if the partner approach you for the purpose. September 16, 2022
What is the balance of Debenture Redemption Reserve transferred to General Reserve? September 30, 2022
