Give one point of distinction between Current Ratio and Quick Ratio. Post category:Accountancy Reading time:1 mins read SOLUTION Basis of DistinctionCurrent RatioQuick RatioRelationshipIt Indicates relation between Current Assets and Current Liabilities.It indicates relationship between Quick Assets and Current 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 PostWhy liquid ratio is considered more dependable than current ratio? Next PostCan Current Ratio and Quick Ratio be same at any moment? You Might Also Like Om and Shiv are partners in a firm sharing profits in the ratio of 4: 1. They decided to share future profits in the ratio of 3: 2 w.e.f. 1st April, 2022. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. October 28, 2022 Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022 Azad and Benny are equal partners. Their capitals are Rs. 40,000 and Rs. 80,000 respectively. After the accounts for the year had been prepared, it was noticed that interest @ 5% p.a. as provided in the Partnership Deed was not credited to their Capital Accounts before distribution of profits. It is decided to pass an adjustment entry in the beginning of the next year. Record the necessary Journal entry. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Om and Shiv are partners in a firm sharing profits in the ratio of 4: 1. They decided to share future profits in the ratio of 3: 2 w.e.f. 1st April, 2022. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. October 28, 2022
Stale any two situations when a firm is compulsorily dissolved. (C.B.S.E 2019, M. P.) September 27, 2022
Azad and Benny are equal partners. Their capitals are Rs. 40,000 and Rs. 80,000 respectively. After the accounts for the year had been prepared, it was noticed that interest @ 5% p.a. as provided in the Partnership Deed was not credited to their Capital Accounts before distribution of profits. It is decided to pass an adjustment entry in the beginning of the next year. Record the necessary Journal entry. July 21, 2022