Name two ratios to assess the profitability of a business in terms of sales. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Gross Profit Ratio; (ii) Net Profit Ratio. 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 PostWhat is meant by Profitability Ratios? Next PostWhat is G.P. Ratio? You Might Also Like What is meant by registered debenture? September 29, 2022 Software Ltd. company with registered capital of Rs. 5,00,000 in shares of Rs. 10 each issued 20,000 of such shares payable Rs. 2 on application, Rs. 4 on allotment, Rs. 2 on first call Rs. 2 on final call. All the money payable on allotment was duly received but on the first call being made, one shareholder paid the entire balance on his holding of 300 shares and five shareholders with a total holding of 1,000 shares failed to pay their dues on the first call. These shares were forfeited for non-payment of first call money. Final call was made and all the money due was received. Later on, forfeited shares were reissued @ Rs. 6 per share as fully paid-up. Record the above in the company’s Journal and prepare the Balance Sheet. July 14, 2022 What is the advantage of Comparative Balance Sheet? October 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Software Ltd. company with registered capital of Rs. 5,00,000 in shares of Rs. 10 each issued 20,000 of such shares payable Rs. 2 on application, Rs. 4 on allotment, Rs. 2 on first call Rs. 2 on final call. All the money payable on allotment was duly received but on the first call being made, one shareholder paid the entire balance on his holding of 300 shares and five shareholders with a total holding of 1,000 shares failed to pay their dues on the first call. These shares were forfeited for non-payment of first call money. Final call was made and all the money due was received. Later on, forfeited shares were reissued @ Rs. 6 per share as fully paid-up. Record the above in the company’s Journal and prepare the Balance Sheet. July 14, 2022
