accounting theory and practice, Accounting Basics

Assignment Help:
From the following details, prepare a balance sheet
acid test ratio = 2.5
current ratio = 1.5
net working capital = 10,00,000
fixed assets =?
Share capital =?
Proprietary ratio = 0.75 ( fixed assets / share holders fund )
Reserves = 1,25,000
Long term loans = 1,25,000
debentures = 10,00,000

Related Discussions:- accounting theory and practice

Could the choice of recording a capital asset impairment, Could the choice ...

Could the choice of recording a capital asset impairment or not, impact the financial statements significantly? Explain.

calculate the gain or loss of company, During the tracking period, 18 Marc...

During the tracking period, 18 March to 21 April 2011, your team is to monitor the performance of the shares and the overall performance of the Australian share-market.  Can you ma

Explain horizontal analysis and using the financial results, Q. Explain hor...

Q. Explain horizontal analyses and using the financial results? The computation of dollar and or percentage changes from one year to the next in an item on financial statements

Write the difference among journal voucher and contra, Journal voucher is t...

Journal voucher is the voucher in which all the adjustment related entries and non cash non bank transactions are come ijournal eg-dep, some of them book the bills in journal and

Accounts, “Ledger is said to be the principal book entry and the transactio...

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

Responsibility of general manager and salesperson, Q. Responsibility of Gen...

Q. Responsibility of General Manager and salesperson? Upon promotion to manager Tracy will start the transformation from auditor to executive. She will manage numerous audits a

State the classified balance sheet, State the classified balance sheet ...

State the classified balance sheet ASSETS Current Assets are cash and any other assets which are expected to be realized in cash, sold, used up or expire within one year.

Exploration cost, is exploration cost for mining companies regarded as asse...

is exploration cost for mining companies regarded as assets or expense?

Problem in journal entries, what would be the entry for-"rent recieved in a...

what would be the entry for-"rent recieved in advance"

Trading security, Glaser Services obtained 30% of the outstanding common st...

Glaser Services obtained 30% of the outstanding common stock of Nickels Company on January 1, 2008, by paying $864,180 for the 48,010 shares. Nickels stated and paid $0.50 per shar

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd