What are the other names of liquid ratio? Post category:Accountancy Reading time:1 mins read SOLUTION Quick ratio and acid test ratio. 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 ideal Quick Ratio? Next PostWhat is meant by ‘Solvency of Business’? (C.B.S.E. 2016) You Might Also Like Ram, Mohan and Sohan were partners sharing profits in the ratio of 2: 1: 1. Ram withdrew Rs. 3,000 every month and Mohan withdrew Rs. 4,000 every month. Interest on drawings @6% p.a. was charged, whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error. October 11, 2022 Pass the necessary journal entry for treatment of Partner’s loan appearing on the assets side of the Balance Sheet in case of dissolution of a partnership firm. (CBSE 2019) October 8, 2022 Green Ltd. purchased the assets of Strong Ltd. for Rs. 40,00,000 and took over liabilities of 7,00,000 at an agreed value of Rs. 32,40,000. Payment was made by issuing 10% Debentures of 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.