# Question 113 Chapter 4 of +2-B – USHA Publication 12 Class

Q-113- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 113 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

113. (Current Ratio/NP Ratio/GP Ratio) From the following particulars, you are required to compute (i) Current Ratio (ii) Net Profit Ratio and (iii) Gross Profit Ratio.
Stock ₹ 50,000, Trade Receivable ₹ 50,000, Advances paid ₹ 4,000, Cash in hand ₹ 30,000 Trade Payable ₹ 1,00,000 Bank Overdraft ₹ 4,000, Net. Sales (Revenue from Opera ₹ 7,00,000. Gross Profit ₹ 50,000, Net Profit ₹ 30,000.

## The solution of Question 113 Chapter 4 of +2-B: –

 (i) Current Ratio = Current Assets Current Liabilities = ₹ 1,34,000 ₹ 1,04,000 = 1.23 : 1
 (ii) Net Profit Ratio = Net Profit X 100 Net Sales = ₹ 30,000 X 100 ₹ 7,00,000 = 4.28%
 (iii) Gross Profit Ratio = Gross Profit X 100 Net Sales = ₹ 50,000 X 100 ₹ 7,00,000 = 7.14%

Working Notes :

 Current Assets = Stock + Trade Receivable + Advance Paid + Cash = ₹ 50,000 + ₹ 50,000 + ₹ 4,000 + ₹ 30,000 = ₹ 1,34,000 Current Liabilities = Trade Payable + Bank Overdraft = ₹ 10,000 + ₹ 4,000 = ₹ 1,04,000

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 14 – Accounting Ratios Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 05 Chapter 4 of +2-B – USHA Publication 12 Class

Question 11 Chapter 4 of +2-B – USHA Publication 12 Class

Question 17 Chapter 4 of +2-B – USHA Publication 12 Class

Question 23 Chapter 4 of +2-B – USHA Publication 12 Class

Question 29 Chapter 4 of +2-B – USHA Publication 12 Class

Question 34 Chapter 4 of +2-B – USHA Publication 12 Class

Question 40 Chapter 4 of +2-B – USHA Publication 12 Class

Question 46 Chapter 4 of +2-B – USHA Publication 12 Class

Question 52 Chapter 4 of +2-B – USHA Publication 12 Class

Question 58 Chapter 4 of +2-B – USHA Publication 12 Class

Question 64 Chapter 4 of +2-B – USHA Publication 12 Class

Question 70 Chapter 4 of +2-B – USHA Publication 12 Class

Question 76 Chapter 4 of +2-B – USHA Publication 12 Class

Question 82 Chapter 4 of +2-B – USHA Publication 12 Class

Question 88 Chapter 4 of +2-B – USHA Publication 12 Class

Question 94 Chapter 4 of +2-B – USHA Publication 12 Class

Question 100 Chapter 4 of +2-B – USHA Publication 12 Class

Question 106 Chapter 4 of +2-B – USHA Publication 12 Class

Question 112 Chapter 4 of +2-B – USHA Publication 12 Class

Question 118 Chapter 4 of +2-B – USHA Publication 12 Class

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.