What does a low proprietary ratio indicate? Post category:Accountancy Reading time:1 mins read SOLUTION It indicates more use of long-term loans in financing total assets of the enterprise. 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 will a higher debt-equity ratio indicate? Next PostState one transaction which results in a decrease in ‘Debt-Equity Ratio’ and no change in ‘Current Ratio’. You Might Also Like Give one distinction between reconstitution of a firm and dissolution of a firm. September 27, 2022 Nitya and Anand are partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they decided to share future profits equally. On the date of change in the profit-sharing ratio, the Profit and Loss Account showed a credit balance of Rs. 1,50,000. Record the necessary Journal entry for the distribution of the balance in the Profit and Loss Account immediately before the change in the profit-sharing ratio. October 28, 2022 What is the advantage of Comparative Balance Sheet? October 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Nitya and Anand are partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they decided to share future profits equally. On the date of change in the profit-sharing ratio, the Profit and Loss Account showed a credit balance of Rs. 1,50,000. Record the necessary Journal entry for the distribution of the balance in the Profit and Loss Account immediately before the change in the profit-sharing ratio. October 28, 2022