1800/

1100 =
1.64

Liquidity ratio

CA/CL = x:1

NP / sales * 100%
CA- CL = Working Capital

$700 - $500 = $200

Decrease in
PFDD
treat as an
* 2% = $500 income
Add to GP

PFDD CR +
DR -
31/12 P + L $200 1/1 Bal b/d $700
31/12 Bal c/d $500

( Income Statement & Bal

Sheet )
 Rent Cr -
Dr +
prepaid b/d 2000
Bank 6000
owing c/d 1500
9500 9500

$10,000 * 10% = $1000 $1000 - $800 ( last yr ) = $200 Increase PFDD (expense)

Non Profit Company

Capital
 Assets Capital + Liabilities Drawings

Financed by
O Capital 40000
Add Net Profit 46,000
6000 6000
Less drawings (1000)

Closing Capital 85000

* 3/9

Yearly income
50 members *
$50 = $2500

Subs (income) cr+

owing b/d 450
Bank ?? 2800
P+L 2500
owing c/d 150
2950 2950
(Current account only)

$1500 * 15%= $225

 - Sold

- Govt
Appropriation
a/c

omit

400,000
50,000

$18,060 * 3/ 5 =

$7 * 40hrs = $280
(20)
$280 * 5% (14)

$246 Ans
 - $2000 = $1500
*25%
$375

* $800 = $240 Bal as per CB $560

Minus Bank Lodg (150)
Add UP Chq $120

$530

$240 + $375 =

NP $1600
Add D Rec'd $10
Minus Purch ($36)

$1574