Name two ratios to assess the profitability of a business in terms of sales. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Gross Profit Ratio; (ii) Net Profit 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 PostWhat is meant by Profitability Ratios? Next PostWhat is G.P. Ratio? You Might Also Like State the closing entries for: (a) rent paid to a partner; (b) interest on loan allowed to partners. September 26, 2022 Name an item which is transferred to credit side of Realisation Account at the time of dissolution of partnership firm, but does not involve cash payment. (C.B S.E. 2020, Mumbai Chennai) September 27, 2022 Iron Products Ltd. issued 5,000; 9% Debentures of Rs. 100 each at a premium of Rs. 40 payable as follows; (i) Rs. 40, including premium of Rs. 10 on applications; (ii) Rs. 45, including premium of Rs. 15 on allotment; and (iii) Balance as first and final call. The issue was subscribed and allotment made. Calls were made and due amount was received. Pass Journal entries. July 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State the closing entries for: (a) rent paid to a partner; (b) interest on loan allowed to partners. September 26, 2022
Name an item which is transferred to credit side of Realisation Account at the time of dissolution of partnership firm, but does not involve cash payment. (C.B S.E. 2020, Mumbai Chennai) September 27, 2022
Iron Products Ltd. issued 5,000; 9% Debentures of Rs. 100 each at a premium of Rs. 40 payable as follows; (i) Rs. 40, including premium of Rs. 10 on applications; (ii) Rs. 45, including premium of Rs. 15 on allotment; and (iii) Balance as first and final call. The issue was subscribed and allotment made. Calls were made and due amount was received. Pass Journal entries. July 16, 2022
