The Balance Sheet of Punjab Auto Limited as on 31-12-2002 was as follows: Particular Rs. Particular Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft Taxation: Current Future Profit and Loss A/c Calculate: i) ii) Current Ratio Quick Ratio 40,000 8,000 32,000 16,000 Stock 4,000 Debtors Plant and Machinery Land and Buildings Furniture & Fixtures Investments (Short-term) 4,000 Cash in hand 4,000 12,000 1,20,000 Rs. 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000

The Balance Sheet of Punjab Auto Limited as on 31-12-2002 was as follows: Particular Rs. Particular Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft Taxation: Current Future Profit and Loss A/c Calculate: i) ii) Current Ratio Quick Ratio 40,000 8,000 32,000 16,000 Stock 4,000 Debtors Plant and Machinery Land and Buildings Furniture & Fixtures Investments (Short-term) 4,000 Cash in hand 4,000 12,000 1,20,000 Rs. 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000

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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