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Question No 10 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
X Ltd. has current ratio 3.5:1 and quick ratio of 2:1. If its inventory is ₹ 30,000. Find out its current assets, current liabilities and quick ratio
| Position Before Payment of C.L | Position Before Payment of C.L | ||||
| C.A | = ₹ 3,00,000 | C.A | = | ₹ 2,40,000 | |
| C.L | = 1,20,000 + 60,000 | C.R | = | Current Assets | |
| Current Liabilities | |||||
| = ₹ 1,80,000 | 2 | = | 2,40,000 | ||
| W.C. | = C.A. – C.L. | 1 | C.L | ||
| = 3,00,000 – 1,80,000 | |||||
| = ₹ 1,20,000 | C. L = | 2,40,000 | = | ₹ 1,20,000 | |
| 2 | |||||
| W.C | = C.A. – C.L. |
| = 2,40,000 -1,20,00 | |
| = ₹ 1,20,000 Ans. |
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.
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