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Question 04 Chapter 4 of +2-B – USHA Publication 12 Class

Question 04 Chapter 2 of +2-B
Q-4- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 04 Chapter 4 of +2-B

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I. Liquidity Ratios

4. (Current Ratio) Calculate current ratio.

 
Cash in hand8,000
Inventories9,000
Sundry Debtors11,000
Loose Tools15,000
Computer30,000
Bills Receivable6,000
Trade Payable7,000
Overdraft10,000

The solution of Question 04 Chapter 4 of +2-B: – 

 

Current Assets=Cash in hand + Inventories + Sundry Debtors + Bills Receivable
 =₹ 8,000 + ₹ 9,000 + ₹ 11,000 + ₹ 6,000
Current Assets=₹ 34,000

 

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Current Liabilities=Trade Payable + Overdraft
 =₹ 7,000 + ₹ 10,000
Current Liabilities=₹ 17,000

 

Current Ratio=Current Assets
Current Liabilities

 

Current Ratio=34,000
17,000


Current Ratio=2:1

What are Liquidity Ratios – Formulas and Examples

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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