If creditors are Rs. 25,000, capital is Rs. 1,50,000 and cash balance is Rs. 10,000, what will be the amount of sundry assets? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 1,65,000 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 PostTotal creditor amount to Rs. 5,00,000. Investments valued Rs. 2,00,000 were not shown in the hooks. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. Remaining creditors were paid at 5% discount. Pass entry for payment. Next PostIf opening capitals of partners are A Rs. 3,00,000, B Rs. 2,00,000 and C Rs. 1,00,000 and their drawings during the year are A Rs. 50,000, B Rs. 40,000 and C Rs. 30,000 and creditors are Rs. 60,000, what will be the amount of assets of the firm? You Might Also Like The inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not change because of increase in the value of closing inventory by Rs. 5,000. October 3, 2022 A, B and C are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2019, their Balance Sheet was: August 2, 2022 Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of Rs. 5 per share and first and final call of Rs. 2 per share. Only application money of Rs. 3 was paid by him. Out of these 3,000 shares were re-issued @ Rs. 12 per share as fully paid. February 2, 2023 Leave a Reply Cancel replyYou must be logged in to post a comment.
The inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not change because of increase in the value of closing inventory by Rs. 5,000. October 3, 2022
A, B and C are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2019, their Balance Sheet was: August 2, 2022
Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of Rs. 5 per share and first and final call of Rs. 2 per share. Only application money of Rs. 3 was paid by him. Out of these 3,000 shares were re-issued @ Rs. 12 per share as fully paid. February 2, 2023
