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

Question 04 Chapter 2 of +2-B

Question 04 Chapter 4 of +2-B

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= 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

  • Chapter No. 1 – Accounting Not for Profit Organisations

  • Chapter No. 2 – Partnership Accounts – I

  • Chapter No. 3 – Partnership Accounts – II (Introduction)

  • Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

  • Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

  • Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

  • Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

  • 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 (Balance Sheet Only)

  • Chapter No. 2 – Techniques of Financial Statement Analysis

  • Chapter No. 3 – Ratio Analysis 

  • Chapter No. 4 – Cash Flow Statement

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

2 Book 3 min 225x300 - Question 04 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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