What are Current Assets? Post category:Accountancy Reading time:1 mins read SOLUTION Current Assets include Cash and other assets which are expected to be converted into Cash within a short period (normally within one year). 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 Current Ratio? Next PostWhat are Current Liabilities? You Might Also Like From the following Balance Sheet of Long and Short, calculate interest on capital @ 8% p.a. for the year ended 31st March, 2019. Balance sheet as at 31st March, 2019. July 21, 2022 X, T and Z are partners sharing profits in the ratio, of 1 / 2: 2 / 5 and 1 / 10. Find the new ratio of remaining partners if Z retires. September 27, 2022 A, B and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases: Case 1. C acquires 1/5th share from A. Case 2. C acquires 1/5th share equally form A and B. Case 3. A, B and C will share future profits and losses equally. Case 4. C acquires 1/10th share of A and 1/2 share of B. July 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following Balance Sheet of Long and Short, calculate interest on capital @ 8% p.a. for the year ended 31st March, 2019. Balance sheet as at 31st March, 2019. July 21, 2022
X, T and Z are partners sharing profits in the ratio, of 1 / 2: 2 / 5 and 1 / 10. Find the new ratio of remaining partners if Z retires. September 27, 2022
A, B and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases: Case 1. C acquires 1/5th share from A. Case 2. C acquires 1/5th share equally form A and B. Case 3. A, B and C will share future profits and losses equally. Case 4. C acquires 1/10th share of A and 1/2 share of B. July 27, 2022