Balance Sheet Exercise

by Ranga

Use the following information to prepare the balance sheet (Rs = Rupees = Indian currency):

Working capital Rs 75,000
Reserves & surplus Rs 100,000
Bank overdraft Rs 60,000
Current ratio 1.75
Liquid ratio 1.15
Fixed assets to proprietors fund .75
Long term liabilities NIL

Click here to post comments

Return to Ask a Question About This Lesson!.

Enjoying this Website?
Help Support it with a Donation


Advertise on

Search this website:

All the lessons on this site and much, much more...

Accounting Basics: Complete Guide

Available Now On

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by

Subscribe to
The Student Accountant newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you The Student Accountant.