Question 13 Chapter 4 of +2-B – USHA Publication 12 Class

Question 13 Chapter 4 of +2-B

Question 13 Chapter 4 of +2-B

I. Liquidity Ratios

13. (Current Ratio & Acid Test Ratio given )Given
The current ratio of 2: 1
Acid Test ratio of 0.5: 1
Current Liabilities ₹ 2,00,000
Find out
Current assets
Quick assets
Inventories

The solution of Question 13 Chapter 4 of +2-B: – 

Solution: – (a)

Current Ratio = 2 : 1
Current Liabilities = 2,00,000
Current Assets = Current Liabilities x 2
  = ₹ 2,00,000 x 2
  = ₹ 4,00,000

Solution: – (b)

 

Quick Ratio = 0.5 : 1
Current Liabilities = ₹ 2,00,000
Quick Assets = Current Liabilities x 0.5
  = ₹ 2,00,000 x 0.5
  = ₹ 1,00,000

Solution: – (c)

Inventories = Current Assets – Quick Assets
  = ₹ 4,00,000 – ₹ 1,00,000
  = ₹ 3,00,000

 

What are Liquidity Ratios – Formulas and Examples

 

Comment if you have any question.

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 13 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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