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प्रश्न
Current Liablilites of a company were ₹1,75,000 and its Current Ratio was 2:1. It paid ₹30,000 to a Creditor. Calculate Current Ratio after payment.
उत्तर
`"Current Ratio" = "Current Assets"/ "Current liability" = 2/1`
Current Liabilities = Rs 1,75,000
Payment of Rs 30,000 to a Creditor will have two effects:
1. Decrease in Cash by Rs 30,000 and therefore Current Assets will decrease to Rs 3,20,000.
2. Decrease in Creditors by Rs 30,000 and this will decrease Current Liabilities to Rs 1,45,000.
`"Current Ratio" = "Current Assets"/ "Current liability" = 320000/145000 = 2.21 : 1`
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Long Answer Question
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| Rs. | |
| Equity Share Capital | 75,000 |
| Preference Share Capital | 25,000 |
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| Balance in the Statement of Profits and Loss | 30,000 |
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| Trade Payables | 40,000 |
| Outstanding Expenses | 10,000 |
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|
|
₹ |
| Equity Share Capital | 3,00,000 |
| Preference Share Capital | 1,50,000 |
| Reserves and Surplus | 75,000 |
| Debentures | 1,80,000 |
|
Trade Payables |
45,000 |
|
|
7,50,000 |
|
Fixed Assets |
3,75,000 |
| Short-term Inverstments | 2,25,000 |
|
Other Current Assets |
1,50,000 |
|
|
7,50,000 |
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Gross Profit:₹50,000; Revenue from Operations ₹5,00,000; Sales Return: ₹50,000.
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|
Particulars |
₹ |
||
|
Inventory |
30,000 |
||
| Prepaid Expenses | 2,000 | ||
| Other Current Assets | 50,000 | ||
| Current Liabilities | 40,000 | ||
| 12% Debentures | 30,000 | ||
| Accumulated Profits | 10,000 | ||
| Equity Share Capital | 1,00,000 | ||
|
Non-current Investments |
15,000 |
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