Ratio
This query is : Resolved
12 March 2010
From the following information , Prepare the Final Accounts of Rameshwar Ltd For the year 2006-07
Gross Profit Rs. 6,00,000
Gross Profit Ratio 25 %
Current Ratio 2.5 : 1
Liquid Ratio 1.5 : 1
Stock turnover (Cost of goods Sold / Average Stock) 8 Time
Operating Ratio 95 %
Fixed Assets and Capital Employed 0.8
Debtors Ratio 2 Months
Creditors Ratio 1 Months
Additional Information :
1.12 % Debentures is the only Long – term debt.
2.Operating expenses include debenture interest of Rs. 12,000
3.Cash Sales is 20 % of total Sales
4.Cash Purchase is 20 % of total Purchase
5.Opening Stock is Rs. 30,000 less than the closing Stock
6.Current Assets include STOCK, DEBTORS and BANK. There is no BANK OVERDRAFT in Current Liabilities. Consider, Provision for taxation as a part of current Liabilities.
7.Proportion of Land and Building , Machineries and Furniture is 3 : 2 : 1
8.Opening Balance of general reserve is Rs. 40,000. Provide 50 % of the net profit for tax.
My email id
nilay.v.chaddarwala@gmail.com
Gross Profit Rs. 6,00,000
Gross Profit Ratio 25 %
Current Ratio 2.5 : 1
Liquid Ratio 1.5 : 1
Stock turnover (Cost of goods Sold / Average Stock) 8 Time
Operating Ratio 95 %
Fixed Assets and Capital Employed 0.8
Debtors Ratio 2 Months
Creditors Ratio 1 Months
Additional Information :
1.12 % Debentures is the only Long – term debt.
2.Operating expenses include debenture interest of Rs. 12,000
3.Cash Sales is 20 % of total Sales
4.Cash Purchase is 20 % of total Purchase
5.Opening Stock is Rs. 30,000 less than the closing Stock
6.Current Assets include STOCK, DEBTORS and BANK. There is no BANK OVERDRAFT in Current Liabilities. Consider, Provision for taxation as a part of current Liabilities.
7.Proportion of Land and Building , Machineries and Furniture is 3 : 2 : 1
8.Opening Balance of general reserve is Rs. 40,000. Provide 50 % of the net profit for tax.
My email id
nilay.v.chaddarwala@gmail.com
CMA Ramesh Krishnan
(Expert)
12 March 2010
total solutions cannot be post here.give the mail id
13 March 2010
My Email Id
nilay.v.chaddarwala@gmail.com
nilay.vasant.chaddarwala@icai.org
Thanks
nilay.v.chaddarwala@gmail.com
nilay.vasant.chaddarwala@icai.org
Thanks
CMA Ramesh Krishnan
(Expert)
16 March 2010
sent to your gmail
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Tax on Amount transferred in HUF Account
- ETDS return q4 25-26
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
