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current ratio? asked on 30/7/09
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Answer / k.abinaya
This ratio is used to assess the firm's ability to meet its
current liabilities. The relationship of current assets to
current liabilities is known as current ratio.
current Ratio= current assets / current liabilities
| Is This Answer Correct ? | 6 Yes | 1 No |
This ratio explains the relation ship between current
assets & current liabilities wher as current assets =cash,
debtors , bills receivable, where as current liabilities=
creditors, bills payable, the formulaae for caluculating
current ratio = current assets/ current liabilities
the ideal of current ratio is 2:1 this indicate for every 2
rs of asset there must be 1 rupee of liability
| Is This Answer Correct ? | 3 Yes | 0 No |
This ratio is used to assess the firm's ability to meet its
current liabilities. The relationship of current assets to
current liabilities is known as current ratio.
current Ratio= current assets / current liabilities
| Is This Answer Correct ? | 0 Yes | 0 No |
On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.
what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
EXPAND_________TIN
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