Muneesh maintains his books on Single Entry System and from them and the particulars supplied, the following figures were gathered together on 31st March, 2023:
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Krishan started his business on 1st April, 2022 with a Capital of ₹ 1,00,000. On 31st March, 2023, his assets were:
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Gurman who keeps his books on Single Entry System sells goods at cost plus 50%
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Vikas maintains books on Single Entry System. He gives you the following information:
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Pankaj maintains his books of account on Single Entry System
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Capital of Ganesh Gupta in the beginning of the year was ₹ 70,000. During the year his business earned a profit of ₹ 20,000, he withdrew ₹ 7,000 for his personal use
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Ramesh does not maintain the proper records of his business, he gives you the following information:
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Following information of an accounting year is given Opening Capital ₹ 60,000; Drawings ₹ 5,000
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What is meant by Statutory Liquidity Ratio?
Statutory liquidity ratio refers to the minimum percentage of time and demand deposits, required to be kept by commercial banks with themselves. SLR is maintained in the form of designated liquid assets such as excess reserves, unencumbered, government and other…
What is meant by Cash Reserve Ratio?
Cash Reserve Ratio refers to the minimum percentage of time and demand deposits, required to be kept by every commercial bank with the central bank. Additional information:- It is one of the tools of the monetary policy of the RBI…