1. Current assets total for the year 2019 is؟ 2. Current liabilities value for the year 2019 is؟ 3. 2020 current ratio exceeded 2019 by؟ 4. 2019 quick ratio is less than 2020 by؟ 5.Current and quick ratios are measured to understand firms؟ Below data extracted from the balancesheets of ABC companyParticularsCash & Bank2019202040,00060,0006,00012,000100,000 120,00020,000Trade Receivables40,000Short term investmentAccrued IncomeInventoryProfit and LossAccount balanceProvision for TaxationNotes PayableOutstandig Interest8% DebenturesAnswer below questions4,0008,00050,00055,00075,00045,00048,00037,00010,00020000200,000 250,000

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Below data extracted from the balance sheets of ABC company Particulars 2019 2020 Cash & Bank Trade Receivables Short term investment Accrued Income Inventory Profit and Loss Account balance Provision for Taxation Notes Payable Outstandig Interest 8% Debentures Answer below questions 20,000 40,000 40,000 60,000 6,000 12,000 100,000 120,000 4,000 8,000 50,000 75,00C 45,000 48,000 55,000 37,000 10,000 2000C 200,000 250,000

Below data extracted from the balance sheets of ABC company Particulars 2019 2020 Cash & Bank Trade Receivables Short term investment Accrued Income Inventory Profit and Loss Account balance Provision for Taxation Notes Payable Outstandig Interest 8% Debentures Answer below questions 20,000 40,000 40,000 60,000 6,000 12,000 100,000 120,000 4,000 8,000 50,000 75,00C 45,000 48,000 55,000 37,000 10,000 2000C 200,000 250,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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