Acm 3
Acm 3
Particulars Rs Particulars Rs
To Expenses paid 3,00,000 By Gross Profit 4,50,000
To Depreciation 70,000 By Gain on Sale of Land 60,000
To Loss on sale of machine 4,000
To Discount 200
To Goodwill 20,000
To Net profit 1,15,800
5,10,000 5,10,000
13.Explain the Advantage & Disadvantage of Ratio analysis?
14. The Following is the balance sheet of ABC ltd. For the year 31st March 2019.
Liabilities Rs Assets Rs
Share capital 30,000 Fixed Asset 16,500
Creditors 8,000 Cash 1,000
Bills payable 2,000 Book debts 6,000
Provision for Tax 3,500 Bills Received 2,000
Stock 17,500
Prepaid Expenses 500
43,500 43,500