Question : If total assets of a firm are Rs.12,00,000 and total liabilities are Rs.2,40,000, what will be the capitals of P, Q and R if they share profits in the ratio of their capitals and profit sharing ratio is 1 : 2 : 3 -
Option 1: P: Rs.4,80,000; Q: Rs.3,20,000; R: Rs.1,60,000
Option 2: P: Rs.1,60,000; Q: Rs. 3,20,000; R: Rs. 4,80,000
Option 3: P: Rs. 2,00,000; Q: Rs. 4,00,000; R: Rs. 6,00,000
Option 4: P: Rs. 6,00,000; Q: Rs. 4,00,000; R: Rs. 2,00,000
Correct Answer: P: Rs.1,60,000; Q: Rs. 3,20,000; R: Rs. 4,80,000
Solution : Total capital balance is = 1200000 - 240000 = 960000
P's capital will be = 960000 * 1 / 6 = 160000
Q's capital will be = 960000 * 2 / 6 = 320000
R's capital will be = 960000 * 3 / 6 = 480000
Hence the correct answer is option 2.
Question : If the total assets of a firm are Rs.24,00,000 and the total liabilities are Rs.4,80,000 what will be the capitals of P, Q and R if they share profits in the ratio of their capitals and the profit sharing ratio is 1: 2: 3?
Question : From the calculated total assets to debt ratio. Shareholders’ funds Rs. 2,40,000 Total Debts (Liabilities) Rs. 46,00,000 Short-term debts (Current Liabilities) = Rs. 2,00,000.
Question : A firm has a Current Ratio of 3.5: 1 and a Quick Ratio of 2: 1. If its inventory is Rs.75,000, total current assets and total current liabilities are
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