Question 1 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
From the following information, calculation ratio and quick ratio:
| Particulars | ₹ |
| Sundry debtors | 4,00,000 |
| Preliminary expenses | 40,000 |
| Debentures | 2,00,000 |
| Stock | 1,60,000 |
| Bills payable | 80,000 |
| Marketable securities | 80,000 |
| Creditors | 1,60,000 |
| Cash | 1,20,000 |
| Expenses payable | 1,60,000 |
The solution of Question 1 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021: –
|
I. Current Ratio= |
= | Current Assets | |
| Current Liabilities | |||
| Current Assets | = | Debtors + Pre. Expenses + Stock + Cash + Securities | |
| = | 4,00,000 + 40,000 + 1,60,000 + 1,20,000 + 80,000 | ||
| = | ₹ 8,00,000 | ||
| Current Liabilities | = | Bill payable + Creditors + Out expenses | |
| = | ₹ 80,000 + 1,60,000 + 1,60,000 | ||
| = | ₹ 4,00,000 |
|
Current Ratio= |
8,00,000 | |||
| 4,00,000 | ||||
| = | 2 : 1 Ans. |
|
Quick Ratio |
= | Quick Assets | |
| Current Liabilities | |||
| = | 40,00,000(Drs.)+1,20,000 (Cash)+80(sec) | ||
| 80,000(B/p) +1,60,000(Crs.)+1,60,000(out.exp.) |
|
|
6,00,000 | |||
| 4,00,000 | ||||
| ii. Quick Ratio | = | 1.5 : 1 Ans. |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Accounting Ratios – Meaning and Definition
Unimax 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 (Change in Profit sharing ratio among Existing Partners )
- 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)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X