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

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

Question 01 Chapter 4 of +2-B

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 Capital 21,000
Reserve and Surplus   
surplus in Statement of Profit and Loss 2,500
Reserves 1,500
Current Liabilities  
Short-term Borrowings :  
Bank Overdraft 2,000
Trade Payable 6,000
  33,000
II. Assets  
Non-Current Assets  
Tangible Assets  
Fixed Assets (Net) 17,000
Current Assets  
Inventories 6,200
Trade Receivable 3,200
Input CGST 1,500
Input SGST 1,500
Cash 3,600
  33,000

 

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

 

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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The solution to all questions of Chapter No. 14 – Accounting Ratios Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 06 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 16 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 26 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 35 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 45 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 55 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 65 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 75 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 85 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 95 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 105 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 115 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)

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

Chapter No. 15 – Cash Flow Statement

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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.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

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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