Sarthaks Test
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Following is the Balance Sheet of Title Machine Limited as on March 31, 2006.

LiabilitiesRs. Amt.AssetsRs.Amt.
Equity share capital24,000Buildings45,000
8% Debentures9,000Stock12,000
profit and loss6,000Debtors9,000
Bank overdraft6,000Cash in hand2,280
Creditors23,400prepaid expenses720
provision for taxation600

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Calculate Current Ratio and Liquid Ratio.

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