What is Current Ratio? Post category:Accountancy Reading time:1 mins read SOLUTION Current Ratio explains the relationship between Current Assets and Current Liabilities of an enterprise. The formula for calculating the ratio is: Current Ratio = Current Assets / Current Liabilities 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 meant by ‘Liquidity of Business’? Next PostWhat are Current Assets? You Might Also Like Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company. July 13, 2022 P, Q and R entered into partnership on 1st April, 2018 to share profits and losses in the ratio of 12: 8: 5. It was provided that in no case R’s share in profit be less then Rs. 30,000 p.a. The profits and losses for the period ended 31st March were: 2020 Profit Rs. 1,20,000 2021 Profit Rs. 1,80,000; 2022 Loss Rs. 1,20,000. Pass the necessary Journal entries in the books of the firm. October 18, 2022 ‘Interest paid on debentures is a charge against the profits of the company’. Is this statement correct? Give reason in support of your answer. (C.B.S.E. 2020, Kolkata, Lucknow) September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company. July 13, 2022
P, Q and R entered into partnership on 1st April, 2018 to share profits and losses in the ratio of 12: 8: 5. It was provided that in no case R’s share in profit be less then Rs. 30,000 p.a. The profits and losses for the period ended 31st March were: 2020 Profit Rs. 1,20,000 2021 Profit Rs. 1,80,000; 2022 Loss Rs. 1,20,000. Pass the necessary Journal entries in the books of the firm. October 18, 2022
‘Interest paid on debentures is a charge against the profits of the company’. Is this statement correct? Give reason in support of your answer. (C.B.S.E. 2020, Kolkata, Lucknow) September 29, 2022