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Question 14 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -14 Chapter no - 7 Unimax Class - 12 Part -II
Question No -14 Chapter no - 7 Unimax Class - 12 Part -II

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Question 14 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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Current assets of a company are ₹ 5,00,000: Current ratio 2.5:1 and quick ratio 1:1. Calculation the value of current liabilities, liquid asset and stock.

The solution of Question 14 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Current Ratio = = Current Assets    
  Current Liabilities  
  2.5 = 5,00,000    
  1 Current Liabilities  
C.L = 5,00,000    
  2.5  
  ₹ 2,00,000 Ans.    
Quick Ratio  = Quick Assets    
  Current Liabilities  
  1 = Quick assets    
  1 2,00,000  
Q.A.   = ₹ 2,00,000 Ans.    
Stock  = Current assets – quick assets
  = 5,00,000 – 2,00,000
  = ₹ 3,00,000 Ans.

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Accounting Ratios – Meaning and Definition

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