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 Wellbeing Ltd. took over assets of Rs. 9,80,000 and liabilities of Rs. 40,000 of HDR Ltd. at an agreed value of Rs. 9,00,000. Wellbeing Ltd. paid to HDR Ltd. by issue of 9% Debentures of Rs. 100 each at a premium of 20%. Pass necessary Journal entries to record the above transactions in the books of Wellbeing Ltd. July 18, 2022 Inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not alter because of purchase of goods for Rs. 10,000. October 3, 2022 Gopal Ltd. was registered with an authorised capital of Rs. 50,00,000 divided into Equity Shares of Rs. 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of Rs. 20 per share on 500 shares. Prepare the Balance Sheet of the company showing the different types of share capital. July 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Wellbeing Ltd. took over assets of Rs. 9,80,000 and liabilities of Rs. 40,000 of HDR Ltd. at an agreed value of Rs. 9,00,000. Wellbeing Ltd. paid to HDR Ltd. by issue of 9% Debentures of Rs. 100 each at a premium of 20%. Pass necessary Journal entries to record the above transactions in the books of Wellbeing Ltd. July 18, 2022
Inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not alter because of purchase of goods for Rs. 10,000. October 3, 2022
Gopal Ltd. was registered with an authorised capital of Rs. 50,00,000 divided into Equity Shares of Rs. 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of Rs. 20 per share on 500 shares. Prepare the Balance Sheet of the company showing the different types of share capital. July 8, 2022