What is meant by ‘Liquidity of Business’? Post category:Accountancy Reading time:1 mins read SOLUTION ‘Liquidity of Business’ refers to the firm’s ability to meet its current obligations, i.e., short-term liabilities. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive one limitation of ratio analysis. Next PostWhat is Current Ratio? You Might Also Like On dissolution of a firm, what entry is passed on making payment of realization expenses by a partner? September 27, 2022 X, Y and Z were partners sharing profits and losses in the ratio of 3: 2: 1. Y died on 30th June, 2021. Profit from 1st April, 2021 to 30th June, 2021 was Rs. 3,60,000. X and Z decided to share the future profits in the ratio of 3: 2 respectively with effect from 1st July, 2021. Pass the necessary Journal entries to record Y’s share of profit up to the date of death. August 5, 2022 A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019, their Balance Sheet was as follows: July 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On dissolution of a firm, what entry is passed on making payment of realization expenses by a partner? September 27, 2022
X, Y and Z were partners sharing profits and losses in the ratio of 3: 2: 1. Y died on 30th June, 2021. Profit from 1st April, 2021 to 30th June, 2021 was Rs. 3,60,000. X and Z decided to share the future profits in the ratio of 3: 2 respectively with effect from 1st July, 2021. Pass the necessary Journal entries to record Y’s share of profit up to the date of death. August 5, 2022
A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019, their Balance Sheet was as follows: July 26, 2022