Name any two financial statements of a Company. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Statement of Profit & Loss and (ii) Balance Sheet. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 the balance of Debenture Redemption Reserve transferred to General Reserve? Next PostWhat is the financial year in case of a Company? You Might Also Like Ratio of Current Assets (Rs. 8,75,000) to Current Liabilities (Rs. 3,50,000) is 2.5: 1. The firm wants to maintain Current Ratio of 2: 1 by purchasing goods on credit. Compute amount of goods that should be purchased on credit. August 12, 2022 Why does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014) October 8, 2022 P and Q are partners sharing profits in the ratio of 3 : 2. They admit R into partnership who acquires 1/5th of his share from P and 4/25th share from Q. Calculate New Profit-sharing Ratio and Sacrificing Ratio. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.