QUESTION1. From the following particulars prepare a summarized Balance Sheet of a firm as on 31. 03.2016 : Fixed Assets to Net Worth 0.8 : 1 Current Ratio 3 : 1 Reserves included in Proprietors Fund 25 % Acid Test Ratio 3: 2 Fixed Assets Rs. 8,00,000 Cash and Bank Balance Rs. 15,000 Current Liabilities Rs. 1,50,000 The firm has no Bank Overdraft.
QUESTION1. From the following particulars prepare a summarized Balance Sheet of a firm as on 31. 03.2016 :
Fixed Assets to Net Worth 0.8 : 1
Current Ratio 3 : 1
Reserves included in Proprietors Fund 25 %
Acid Test Ratio 3: 2
Fixed Assets Rs. 8,00,000
Cash and Bank Balance Rs. 15,000
Current Liabilities Rs. 1,50,000
The firm has no Bank Overdraft.
