मराठी

X Ltd Has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the Excess of Current Assets Over Quick Assets as Represented by Stock is Rs 40,000, Calculate Current Assets and Current Liabilities. - Accountancy

Advertisements
Advertisements

प्रश्न

X Ltd has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the excess of Current Assets over

Quick Assets as represented by Stock is Rs 40,000, calculate Current Assets and Current Liabilities.

उत्तर

Current Ratio = 3 : 1

Quick Ratio = 2 : 1

Stock = Rs 40,000 

`"Current Ratio"="Current Assets"/"Current Liabilities"` 

`∴3="Current Assets"/"Current Liabilities"` 

Or, Current Assets = 3 current liabilities …(1) 

`"Quick Ratio"="Quick Assets(Current Assest- Stock)"/"Current Liability "` 

2=`("Current Assets"-(40,000))/"Current Liabilities"` 

Or, 2 Current Liabilities = Current Assets − 40,000

From equation (1)

2 Current Liabilities = 3 Current Liabilities − 40,000

Or, Current Liabilities = Rs 40,000

Current Assets = 3 current liabilities

∴ Current Assets = 3 × 40,000 = Rs 1,20,000

shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2011-2012 (March) All India Set 1

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 5:3:2. They admitted Hari as a new partner for 1/5th share in the profit which he acquired from Ram and Mohan in the ratio of 3:2. Calculate the new profit sharing ratio of Ram, Mohan, Sohan and Hari.


A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C.

Calculate the new profit sharing ratio of A, B, C and D.


P, Q, and R were partners in a firm sharing profits in the ratio of 3:2:1. They admitted S as a new partner for 1/8th share in the profits which he acquired 1/16th from P and 1/16th from Q.

Calculate new Profit Sharing Ratio of P, Q, R and S


Anurag and Bhawana entered into the partnership on 1.4.2014. On 1.1.2015 they admitted Monika as a new partner for `3/10` th share in the profits which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4:3:3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.


State the meaning of sacrificing ratio. 


Give any one distinction between sacrificing ratio and gaining ratio.


Answer in one sentence only.
What is sacrifice ratio?


Answer in one sentence only.
When is the ratio of sacrifice to be calculated?


Select the most appropriate answer from the alternative given below and rewrite the sentence.

The proportion in which old partners make a sacrifice is called _________________ ratio.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him `1/7`th share, new profit sharing ratio of partners will be _________________.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

Akash, Prakash and Deepak are partners who share profits as 3:2:1. They admit Suraj as a partner and decided to share future profits as 5:3:2:2. The sacrifice ratio will be __________


Select the most appropriate answer from the alternative given below and rewrite the sentence.

The _____________ ratio is useful for making adjustment for goodwill among the old partners.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

Krishna and Balram, who are equal partners, admit Arjun into partnership for 1/4th share, their new profit sharing ratio will be ________________.


 Write a word/phrase/term which can substitute each of the following statement.

The proportion in which old partners make a sacrifice.


Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021 had a credit balance of ₹ 1,09,000 and ₹ 66,000 respectively. They admitted Sahil as a new partner on 1st April, 2021 for 1/5th share in profits. Sahil brought ₹ 25,000 as his share of goodwill premium. He agreed to contribute capital in new profit-sharing ratio. The amount of capital brought by Sahil was:


Asha and Nisha were partners in a firm sharing profits and losses in the ratio 3:1. Charu was admitted as a new partner for 1/4th share in the profits of the firm which she acquired equally from Asha and Nisha. The new profit sharing ratio of Asha, Nisha and Charu will be ______.


Monu and Sonu were partners sharing profits in the ratio of 2 : 3. They admitted Ram as a new partner for `3/5`th share in profits which he acquired `1/5`th from Monu and `2/5`th from Sonu. The new profit sharing ratio of monu, sonu and ram will be ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×