What does proprietary ratio indicate? Post category:Accountancy Reading time:1 mins read SOLUTION It indicates the proportion of total assets financed by shareholder’s funds. 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 proprietary ratio? Next PostWhat is Total Assets to Debt Ratio? You Might Also Like Lal and Pal were partners in a firm sharing profits in the ratio of 3 : 7. On 1st April, 2015 their firm was dissolved. After transferring assets (other than cash) and outsider’s liabilities to Realisation Account, you are given the following information: (a) A creditor of Rs. 3,60,000 accepted machineries valued at Rs. 5,00,000 and paid to the firm Rs. 1,40,000. (b) A second creditor for Rs. 50,000 accepted stock at Rs. 45,000 in full settlement of his claim. (c) A third creditor amounting to Rs. 90,000 accepted Rs. 45,000 in cash and investments worth Rs. 43,000 in full settlement of his claim. (d) Loss on dissolution was Rs. 15,000. Pass necessary Journal entries for the above transactions in the books of firm assuming that all payments were made by cheque. July 25, 2022 Jayant, Kartik and Leena were partners in a firm sharing profit and loss in the Ratio 5: 2: 3. died Jayant decided to continue the business. Their gaining-Ratio was 2: 3. Calculate the new profit-sharing Ratio of Jayant and Leena. (C.B.S.E. 2018) September 27, 2022 State whether the payment of Cash to Trade Payables will result in inflow, outflow’ or no flow of Cash. October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Lal and Pal were partners in a firm sharing profits in the ratio of 3 : 7. On 1st April, 2015 their firm was dissolved. After transferring assets (other than cash) and outsider’s liabilities to Realisation Account, you are given the following information: (a) A creditor of Rs. 3,60,000 accepted machineries valued at Rs. 5,00,000 and paid to the firm Rs. 1,40,000. (b) A second creditor for Rs. 50,000 accepted stock at Rs. 45,000 in full settlement of his claim. (c) A third creditor amounting to Rs. 90,000 accepted Rs. 45,000 in cash and investments worth Rs. 43,000 in full settlement of his claim. (d) Loss on dissolution was Rs. 15,000. Pass necessary Journal entries for the above transactions in the books of firm assuming that all payments were made by cheque. July 25, 2022
Jayant, Kartik and Leena were partners in a firm sharing profit and loss in the Ratio 5: 2: 3. died Jayant decided to continue the business. Their gaining-Ratio was 2: 3. Calculate the new profit-sharing Ratio of Jayant and Leena. (C.B.S.E. 2018) September 27, 2022
State whether the payment of Cash to Trade Payables will result in inflow, outflow’ or no flow of Cash. October 4, 2022