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Question 15 Chapter 4 of +2-B
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Table of Contents
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 |
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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
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 (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- 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
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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