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0,1 (20 Marks) From the following particulars, prepare the Balance Sheet of ABC Co. Ltd as at March 31, current year. Current ratio, 2 Stock
0,1 (20 Marks) From the following particulars, prepare the Balance Sheet of ABC Co. Ltd as at March 31, current year. Current ratio, 2 Stock velocity, 2 months Working capital, Rs 4,00.000 Creditors velocity, 2 months Capital block to current asset, 3:2 Debtors velocity, 2 months Fixed asset to turnover, 1:3 Gross profit ratio, 25 per cent (to sales) Sales cash/credit, 1:2 Capital block: Debentures/share capital, 1:2 Net profit, 10 per cent of turnover Reserve, 2.5 per cent of turnover 0,1 (20 Marks) From the following particulars, prepare the Balance Sheet of ABC Co. Ltd as at March 31, current year. Current ratio, 2 Stock velocity, 2 months Working capital, Rs 4,00.000 Creditors velocity, 2 months Capital block to current asset, 3:2 Debtors velocity, 2 months Fixed asset to turnover, 1:3 Gross profit ratio, 25 per cent (to sales) Sales cash/credit, 1:2 Capital block: Debentures/share capital, 1:2 Net profit, 10 per cent of turnover Reserve, 2.5 per cent of turnover
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