Date Jan. 1 Jan. 2 Jan. 5 Jan. 15 Jan. 26 Jan.

27

Particulars To Capital A/c To Cash A/c To Sales A/c To Hegde To Sales A/c To Chandra

Ldg. Folio C

Voucher No.

Dis. 20 -

Cash 16000 680 585 -

Bank 14500 2600 400

Date Jan. 2 Jan. 3 Jan. 4 Jan. 10 Jan. 11 Jan. 20 Jan. 25 Jan. 29 Jan. 31 Jan. 31

Particulars By Bank A/c By Purchase A/c By Furniture A/c By Purchase A/c By Stationary A/c By Raj By Chandra By Salary A/c By Drawings A/c By Balance c/d

Ldg. Voucher Dis. Folio No. C 10 -

Cash 14500 680 185 1900

Bank 3850 4850 240 400 2365 100 5695

20 Feb. 1 To Balance b/d

17265 1900

17500 5695

10

17265

17500

(i) Current ratio = Curr. Asset / Curr. Liab. = 972000 / 324000 = 3 : 1 (ii) Acid-Test ratio = (Curr. Asset – Inventory) / Curr. Liab. = 492000 / 324000 = 41 : 27 (or) 1.5 : 1 (iii) Stock Turnover Ratio = Cost of Goods Sold / Average Inventory = 3080000 / 480000 = 77 : 12 (or) 6.42 : 1 (iv) Debtors Turnover Ratio = Total Net Sales / Debtors = 4000000 / 320000 = 25 : 2 (or) 12.5 : 1 (v) Creditors Turnover ratio = Total Net Purchase / Creditors (including B.P.) =

156 : 1 .039 : 1 (viii) Return on equity capital = Net Profit After Tax / Average Equity Share Capital = 156000 / 1000000 = 39 : 250 (or) 0.(vi) Gross Profit Ratio = Gross Profit / Net Sales = 920000 / 4000000 = 23 : 100 (or) 0.23 : 1 (vii) Net Profit Ratio = Net Profit After Tax / Net Sales = 156000 / 4000000 = 39 : 1000 (or) 0.

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