Balance Sheet

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Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2011 Q.The assets of ABC ltd.consists of fixed assets & current aassets while its current liabilities comprise bank credit & trade credit in the ratio of 2:1.The following figures & ratios relating to the co. for the year ended Dec.2010 are aavailable:
Share Capital Rs.199500
working capital Rs.45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3

Required: Balance sheet with computations.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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03 July 2011 Pl ask your query clearly.

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sudhakar ca cwa

sudhakar ca cwa (Expert)
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03 July 2011 yes if we can know the ratios then we can prepare the Blance sheet

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Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2011 Q.The assets of ABC ltd.consists of fixed assets & current aassets while its current liabilities comprise bank credit & trade credit in the ratio of 2:1.The following figures & ratios relating to the co. for the year ended Dec.2010 are aavailable:
Share Capital Rs. 199500
working capital Rs. 45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3

Required: Balance sheet with computations.