Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2023:
Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2023:
| Particulars | Note No. | ₹ |
| 1. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
70,000 35,000 |
|
| 2. Non-Current Liabilities Long-term Borrowings |
25,000 | |
| 3. Current Liabilities (a) Short-term Borrowings (b) Trade Payables (Creditors) (c) Short-term Provisions: Provision for Tax |
3,000 13,000 4,000 |
|
| Total | 1,50,000 | |
| II. Assets | Â | |
| 1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments |
45,000 5,000 |
|
| 2. Current Assets (a) Inventories (Stock) (b) Trade Receivables (Debtors) (c) Cash and Cash Equivalents |
50,000 30,000 20,000 |
|
| Total | 1,50,000 |
Compute Current Ratio and Liquid Ratio.
[Ans: Current Ratio = 5 : 1; Liquid Ratio = 2.5 : 1.]
Anurag Pathak Changed status to publish August 14, 2023
