Using the following information, draw up the Balance Sheet given below: Gross Profit (25% of Sales) Rs.
Question:
Using the following information, draw up the Balance Sheet given below:
Gross Profit (25% of Sales) Rs. 1,50,000 Credit Sales to Total Sales 60%
Total Sales/Total Assets 2.5 time Stock Velocity 2 months Debtors Turnover 5 times Quick Ratio 1.1 Equity Share Capital Rs. 1,00,000 Long-term debt equity ratio 60%
BALANCE SHEET Liabilities Rs. Assets Rs.
Equity Share Capital - Fixed Assets -
Long-term Debt - Stock -
Current Liabilities - Debtors -
Cash -
Step by Step Answer:
Related Book For
Zero To Mastery In Accounting Become A High Level Accounting Manager
ISBN: 9789392475177
1st Edition
Authors: HECTOR ROBINETT
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