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Question 139 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 139 Chapter 4 of +2-B
Question No. 139- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 139 Chapter 4 of +2-B

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Miscellaneous

139. From the following calculate:
(a) Current Ratio; and (b) Working Capital Turnover Ratio.

 Rs
i Revenue from Operations1,50,000
ii Total Assets 1,00,000
iii Shareholders’ Funds 60,000
iv Non-current Liabilities20,000
v Non-current Assets 50,000

 

The solution of Question 139 Chapter 4 of +2-B: –

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Current Assets=Total Assets – Non Current Assets
 =Rs. 1,00,000 – Rs 50,000
 =Rs 50,000
Total Liabilities=Shareholders’ Funds + Non Current Liabilities + Current Liabilities
Rs 1,00,000=Rs. 60,000 + Rs 20,000 + Current Liabilities
Current Liabilities=Rs 1,00,000 – Rs 80,000
 =Rs 20,000

 

Current Ratio=Current Assets
Current Liabilities
Current Ratio=Rs. 50,000
Rs 20,000
 =2.5 : 1

 

Working Capital=Current Assets – Current Liabilities
 =Rs 50,000 − Rs 20,000
 =Rs 30,000
Working Capital Turnover Ratio=Revenue from Operations
Working Capital
 =Rs 1,50,000
Rs 30,000
 =5 Times

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Balance Sheet: Meaning, Format & Examples

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Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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