Question 17 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 17 Chapter 4 of +2-B

Question 17 Chapter 4 of +2-B

Current Ratio and Quick Ratio

17. Current Assets Rs. 3,00,000; Inventories Rs. 60,000; Working Capital Rs.
2,52,000. Calculate Quick Ratio.

 

The solution of Question 17 Chapter 4 of +2-B: –

Quick Assets = Rs.3,00,000
Inventory = Rs.60,000
Working Capital = Rs.2,52,000
Current Liabilities = Current Assets – Working Capital
  = Rs. 3,00,000 + Rs. 2,52,000
  = Rs.48,000

 

Quick Assets = Current Assets – Inventories
  = Rs.3,00,000 – Rs. 60,000
Quick Assets = Rs.2,40,000
Current Ratio = Current Assets
Current Liabilities
  = Rs.2,40,000
Rs.48,000

Quick Ratio or Liquid Ratio= 5 : 1

 

Balance Sheet: Meaning, Format & Examples

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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)

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T.S. Grewal’s Analysis of Financial Statements

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