# Question 15 Chapter 4 of +2-B – USHA Publication 12 Class

Q-15- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 15 Chapter 4 of +2-B

I. Liquidity Ratios

15. (Current Ratio & Quick Ratio given ) A Ltd. has a current ratio of 3.5 : 1 and acid test ratio of 2 : 1. If the inventory is ₹ 30,000, find out its total current assets and total current liabilities.

## The solution of Question 15 Chapter 4 of +2-B: –

Solution: – (a)

 Current Ratio = 3.5 : 1 Acid Test Ratio = 2 : 1 Inventories = Current Assets –Quick Assets = 3.5 – 2 ₹ 30,000 = 1.5

 Current Assets = 30,000 X 3.5 1.5 = ₹ 70,000
 Current Liabilities = 30,000 X 3.5 1.5 = ₹ 20,000

What are Liquidity Ratios – Formulas and Examples

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

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

Question 18 Chapter 4 of +2-B – USHA Publication 12 Class

Question 24 Chapter 4 of +2-B – USHA Publication 12 Class

Question 30 Chapter 4 of +2-B – USHA Publication 12 Class

Question 35 Chapter 4 of +2-B – USHA Publication 12 Class

Question 41 Chapter 4 of +2-B – USHA Publication 12 Class

Question 47 Chapter 4 of +2-B – USHA Publication 12 Class

Question 53 Chapter 4 of +2-B – USHA Publication 12 Class

Question 59 Chapter 4 of +2-B – USHA Publication 12 Class

Question 65 Chapter 4 of +2-B – USHA Publication 12 Class

Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

Question 77 Chapter 4 of +2-B – USHA Publication 12 Class

Question 83 Chapter 4 of +2-B – USHA Publication 12 Class

Question 89 Chapter 4 of +2-B – USHA Publication 12 Class

Question 95 Chapter 4 of +2-B – USHA Publication 12 Class

Question 101 Chapter 4 of +2-B – USHA Publication 12 Class

Question 107 Chapter 4 of +2-B – USHA Publication 12 Class

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

Question 119 Chapter 4 of +2-B – USHA Publication 12 Class

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## 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.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication