Please solve this problem
This query is : Resolved
24 February 2009
From the following figures and ratios, draw out a Balance Sheet
1)Fixed Assets/Turnover Ration (Cost of Goods Sold) 2
2)Debt Collection Period 2 months
3)Current Ratio 1.5
4)Debt Equity Ratio (Total Debt/Equity) 0.6
5)Current Liabilities to Net Worth 0.8
6)Reserves to Bank Balance 4
7)Consumption of Raw Materials 40% of Cost of sales
8)Stock of Raw Materials 3 months’ consumption
9)Stock of Finished Goods 15% of Cost of Sales
10)Bank Balance 1/30th of Sales
11)Fixed Assets Rs. 6,00,000
12)Gross Profit 1/5th of Sales
1)Fixed Assets/Turnover Ration (Cost of Goods Sold) 2
2)Debt Collection Period 2 months
3)Current Ratio 1.5
4)Debt Equity Ratio (Total Debt/Equity) 0.6
5)Current Liabilities to Net Worth 0.8
6)Reserves to Bank Balance 4
7)Consumption of Raw Materials 40% of Cost of sales
8)Stock of Raw Materials 3 months’ consumption
9)Stock of Finished Goods 15% of Cost of Sales
10)Bank Balance 1/30th of Sales
11)Fixed Assets Rs. 6,00,000
12)Gross Profit 1/5th of Sales
Taranjit Singh
(Expert)
27 September 2009
If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
Taranjit Singh
(Expert)
27 September 2009
If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Applicability of tax on invoice
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- Rectification under processing even after 6 months cpc portal
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
