Question 04 Chapter 4 of +2-B
Table of Contents
I. Liquidity Ratios
4. (Current Ratio) Calculate current ratio.
| ₹ | |
| Cash in hand | 8,000 |
| Inventories | 9,000 |
| Sundry Debtors | 11,000 |
| Loose Tools | 15,000 |
| Computer | 30,000 |
| Bills Receivable | 6,000 |
| Trade Payable | 7,000 |
| Overdraft | 10,000 |
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 |
| Current Liabilities | = | Trade Payable + Overdraft |
| = | ₹ 7,000 + ₹ 10,000 | |
| Current Liabilities | = | ₹ 17,000 |
| Current Ratio= | Current Assets |
| Current Liabilities |
| Current Ratio= | |
| 17,000 |
Current Ratio=2:1
What are Liquidity Ratios – Formulas and Examples
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Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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