Following is the Balance Sheet of Title Machine Ltd. as on March 31, 2006.
Liabilities |
Amount Rs |
Assets |
Amount Rs |
Equity Share Capital |
24,000 |
Buildings |
45,000 |
8% Debentures |
9,000 |
Stock |
12,000 |
Profit and Loss |
6,000 |
Debtors |
9,000 |
Bank Overdraft |
6,000 |
Cash in Hand |
2,280 |
Creditor |
23,400 |
Prepaid Expenses |
720 |
Provision for Taxation |
600 |
|
|
|
69,000 |
|
69,000 |
|
|
|
|
Calculate Current Ratio and Liquid Ratio.