Question 10 Chapter 7 -Unimax Publication Class 12 Part 2

Question 10 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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X Ltd. has current ratio 3.5:1 and quick ratio of 2:1. If its inventory is ₹ 30,000. Find out its current assets, current liabilities and quick ratio

The solution of Question 10 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Position Before Payment of C.L			Position Before Payment of C.L
C.A	= ₹ 3,00,000		C.A	=	₹ 2,40,000
C.L	= 1,20,000 + 60,000		C.R	=	Current Assets
					Current Liabilities
	= ₹ 1,80,000		2	=	2,40,000
W.C.	= C.A. – C.L.		1		C.L
	= 3,00,000 – 1,80,000
	= ₹ 1,20,000	C. L =	2,40,000	=	₹ 1,20,000
			2	=	₹ 1,20,000

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Accounting Ratios – Meaning and Definition

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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

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