What is the ideal Quick Ratio? Post category:Accountancy Reading time:1 mins read SOLUTION Ideal Quick Ratio is 1: 1. 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 are liquid assets? Next PostWhat are the other names of liquid ratio? You Might Also Like Khushi, Surekha and Vipasa were partners sharing profits and losses in 3: 2: 1. Khushi retired and, on this day, an unrecorded liability of Rs. 1,50,000 was found in the books. Khushi was of the opinion that since she has retired she should not be debited for her share of the liability. Surekha and Vipasa convinced Khushi that unrecorded liability has to be borne by all of them to which Khushi agreed. What argument must have been put forward by Surekha and Vipasa which convinced Khushi? September 27, 2022 While preparing a Cash Flow Statement, ‘Payment of bonus to the employees’ by an insurance company is which type of activity? (C.B.S.E. 2015) October 4, 2022 Pass Journal entries for the following transactions at the time of dissolution of the firm: (a) Loan of Rs. 10,000 advanced by a partner to the firm was refunded. (b) X, a partner, takes over an unrecorded asset (Typewriter) at Rs. 300. (c) Undistributed balance (Debit) of Profit and Loss Account Rs. 30,000. The firm has three partners X, Y and Z. (d) Assets of the firm realised Rs. 1,25,000. (e) Y who undertakes to carry out the dissolution proceedings is paid Rs. 2,000 for the same. (f) Creditors are paid Rs. 28,000 in full settlement of their account of Rs. 30,000. July 25, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Khushi, Surekha and Vipasa were partners sharing profits and losses in 3: 2: 1. Khushi retired and, on this day, an unrecorded liability of Rs. 1,50,000 was found in the books. Khushi was of the opinion that since she has retired she should not be debited for her share of the liability. Surekha and Vipasa convinced Khushi that unrecorded liability has to be borne by all of them to which Khushi agreed. What argument must have been put forward by Surekha and Vipasa which convinced Khushi? September 27, 2022
While preparing a Cash Flow Statement, ‘Payment of bonus to the employees’ by an insurance company is which type of activity? (C.B.S.E. 2015) October 4, 2022
Pass Journal entries for the following transactions at the time of dissolution of the firm: (a) Loan of Rs. 10,000 advanced by a partner to the firm was refunded. (b) X, a partner, takes over an unrecorded asset (Typewriter) at Rs. 300. (c) Undistributed balance (Debit) of Profit and Loss Account Rs. 30,000. The firm has three partners X, Y and Z. (d) Assets of the firm realised Rs. 1,25,000. (e) Y who undertakes to carry out the dissolution proceedings is paid Rs. 2,000 for the same. (f) Creditors are paid Rs. 28,000 in full settlement of their account of Rs. 30,000. July 25, 2022
