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Question 17 Chapter 4 of +2-B
I. Liquidity Ratios
17. (Revised Current Ratio) Calculate the revised current ratio
| Current Ratio | 2:1 |
| Current Liabilities | ₹ 1,00,000 |
| Long term Debt | ₹ 1,50,000 |
| Trade Payable Paid | ₹ 20,000 |
| Long term Debt Paid | ₹ 30,000 |
| Received cash from trade receivables | ₹ 40,000 |
Solution: - (a)
| Current Ratio | = | 1.5 : 1 |
| Current Ratio | = | Current Assets |
| Current Liabilities |
| 2 | = | Current Assets |
| ₹ 1,00,000 | ||
| Current Assets | = | Current Liabilities X 2 |
| = | ₹ 1,00,000 X 2 | |
| Current Assets | = | ₹ 2,00,000 |
| Particular |
Current Assets ₹ | Current Liabilities ₹ | |
|---|---|---|---|
| Trade Payable Paid ₹ 20,000 | 2,00,000 | 1,00,000 | |
| Long term debt paid ₹ 30,000 | 30000 | 20000 | |
| Received cash from trade receivable ₹ 40,000 | 40000 | ||
| Received cash firm trade receivable 40,000 | 40000 | ||
| Revised current ratio = 150000/80000 = 1.875:1 | 15,00,00 | 80,000 | |
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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 17 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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