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Question 14 Chapter 4 of +2-B
I. Liquidity Ratios
14. (Current Ratio & Acid Test Ratio given )Current Assets ₹ 3,00,000
Current ratio 3 : 1
Liquid ratio 2 : 1
Calculate Current assets, Liquid assets and Inventories
Solution: - (a)
| Current Ratio | = | 3 : 1 |
| Current Liabilities | = | 3,00,000 |
| Current Assets | = | ₹ 3,00,000 |
| 3 | ||
| = | ₹ 1,00,000 |
Solution: - (b)
| Liquid Ratio | = | 2 : 1 |
| Current Liabilities | = | ₹ 1,00,000 (Calculated above) |
| Quick Assets | = | Current Liabilities x 2 |
| = | ₹ 1,00,000 x 2 | |
| = | ₹ 2,00,000 |
Solution: - (c)
| Inventories | = | Current Assets – Quick Assets |
| = | ₹ 3,00,000 - ₹ 2,00,000 | |
| = | ₹ 1,00,000 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 14 Chapter 4 of +2-B - USHA Publication 12 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication Part 2 volume I.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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