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

Question 03 Chapter 2 of +2-B
Q-3- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 03 Chapter 4 of +2-B

I. Liquidity Ratios

3. (Current Ratio) Find out current ratio.
Trade Receivable ₹ 33,000; Provision for Bad Debts ₹ 3,000 ; Stock twice of net Debtors ; Cash in hand ₹ 16,000 ; Advance to suppliers ₹ 15,000 ; Trade Payable ₹ 35,000 ; Outstanding expenses ₹ 15,000 ; Prepaid expenses ₹ 5,000 Investment (Long term) ₹ 12,000.

The solution of Question 03 Chapter 4 of +2-B: – 

 

Current Assets = Trade Receivable + Stock + Cash Advance to suppliers + Prepaid expenses
₹ 2,50,000 = ₹ 33,000 + ₹ 60,000* + ₹ 16,000 + ₹ 15,000 + ₹ 5,000
Current Assets = ₹ 1,26,000

 

Current Liabilities = Trade Payable + Outstanding expenses
  = ₹ 35,000 + ₹ 15,000
Current Liabilities = ₹ 50,000

 

Current Ratio= Current Assets
Current Liabilities

 

Current Ratio= 1,26,000
50,000


Current Ratio=2.52:1

What are Liquidity Ratios – Formulas and Examples

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Question 07 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 106 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)

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

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

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

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