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Question 01 Chapter 4 of +2-B – USHA Publication 12 Class

Q-1- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 01 Chapter 4 of +2-B

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I. Liquidity Ratios

1. (Current Ratio) From the following calculate the current ratio.

Balance Sheet of XYZ Company LTD. As of 31st March 2018
Particular
I. Equity and Liabilities  
Shareholders’ Funds 
Share Capital21,000
Reserve and Surplus  
surplus in Statement of Profit and Loss2,500
Reserves1,500
Current Liabilities 
Short-term Borrowings : 
Bank Overdraft2,000
Trade Payable6,000
 33,000
II. Assets 
Non-Current Assets 
Tangible Assets 
Fixed Assets (Net)17,000
Current Assets 
Inventories6,200
Trade Receivable3,200
Input CGST1,500
Input SGST1,500
Cash3,600
 33,000

 

The solution of Question 01 Chapter 4 of +2-B: – 

 

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Current Assets=Inventories + Trade Receivable + Input CGST + Input SGST + Cash
 =₹ 6,200 + ₹ 3,200 + ₹ 1,500 + ₹ 1,500 + ₹ 3,600
 =₹ 16,000

 

Current Liabilities=Bank Overdraft + Trade Payable
 =₹ 2,000 + ₹6,000
 =₹ 8,000

 

Current Ratio=Current Assets
Current Liabilities

 

Current Ratio=16,000
8,000


Current Ratio=2:1

What are Liquidity Ratios – Formulas and Examples

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Question 03 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 09 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 15 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 21 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 27 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 32 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 38 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 44 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 50 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 56 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 62 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 68 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 74 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 80 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 86 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 92 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 98 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 104 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 110 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 116 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

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Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

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Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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