How will you assess the liquidity or short-term financial position of a business? Post category:Accountancy Reading time:1 mins read SOLUTION Short-term financial position of the business is assessed by calculating current ratio and liquid 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 PostMention two ratios in which both the figures are from Balance Sheet. Next PostWhy liquid ratio is considered more dependable than current ratio? You Might Also Like Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit Ashok for 3/7th share in the firm which he takes 2/7th from Ravi and 1/7th from Mukesh. Calculate new profit-sharing ratio. July 29, 2022 How the goodwill is valued under the average profit’s method? September 26, 2022 Atul and Neera were partners in a firm sharing profits in the ratio of 3: 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account Calculate the new profit-sharing ratio. (C.B.S.E. 2019, M.P.) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit Ashok for 3/7th share in the firm which he takes 2/7th from Ravi and 1/7th from Mukesh. Calculate new profit-sharing ratio. July 29, 2022
Atul and Neera were partners in a firm sharing profits in the ratio of 3: 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account Calculate the new profit-sharing ratio. (C.B.S.E. 2019, M.P.) September 27, 2022