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Assets sold on credit are entered in ………...

Assets sold on credit are entered in ………

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journal proper
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Correct the following errors in Hari's Books: (i) Credit sale of Rs. 132 to R. Krishan correctly entered in Sales Journal but posted to his account as Rs. 312. (ii) The total of the credit side of Ramesh's Account was overcasted by Rs. 2,000. (iii) Total of the Purchases Journal of Rs. 5,250 has been posted to Purchases Account as Rs. 5,205. (iv) Printer purchased from R. Ltd. for Rs. 4,000 on credit was entered in the Purchases Book. (v) An item of Rs. 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.

Ratio of Currents Assets(1000000) to Current Liabilites (400,000) is 2.5:1. The accountant of the firm is interested in maintaining a current Ratio of 2:1 by acquiring some current assets on credit.you are required to suggest him the amount of current assets that should be acquired