Question 14 Chapter 4 of +2-B – USHA Publication 12 Class

Question 14 Chapter 4 of +2-B

Question 14 Chapter 4 of +2-B

I. Liquidity Ratios

14. (Current Ratio & Acid Test Ratio given )Current Assets ₹ 3,00,000
Current ratio 3 : 1
Liquid ratio 2 : 1
Calculate Current assets, Liquid assets and Inventories

The solution of Question 14 Chapter 4 of +2-B: – 

Solution: – (a)

Current Ratio=2 : 1
Current Liabilities=3,00,000
Current Assets=₹ 3,00,000
 3
 =₹ 1,00,000

Solution: – (b)

 

Liquid Ratio=2 : 1
Current Liabilities=₹ 1,00,000 (Calculated above)
Quick Assets=Current Liabilities x 2
 =₹ 1,00,000 x 2
 =₹ 2,00,000

Solution: – (c)

Inventories=Current Assets – Quick Assets
 =₹ 3,00,000 – ₹ 2,00,000
 =₹ 1,00,000

 

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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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

2 Book 3 min 225x300 - Question 14 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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