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Question 11 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -11 Chapter no - 7 Unimax Class - 12 Part -II
Question No -11 Chapter no - 7 Unimax Class - 12 Part -II

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Question 11 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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Current liabilities of a company were ₹ 1,20,000 and its current ratio was 3:1. Afterwards it purchases goods for ₹ 40,000 on credit. Calculation the revised ratio.

The solution of Question 11 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Current Ratio =Current Assets  
 Current Liabilities 

 

 3=Current assets  
 11,20,000 

Then goods have been purchased on credit ₹ 40,000.
So C.A. (stock) would have increase and C.L. (creditors) also by ₹ 40,000

Revised Current Ratio ==Current Assets  
 Current Liabilities 
 =4,00,000  
 1,60,000 
 =2 . 5 : 1 Ans .  

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Accounting Ratios – Meaning and Definition

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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