Question 17 Chapter 4 of +2-B
Table of Contents
I. Liquidity Ratios
17. (Revised Current Ratio) Calculate the revised current ratio
| Current Ratio | 2:01 |
| Current Liabilities | ₹ 1,00,000 |
| Long term Debt | ₹ 1,50,000 |
| Trade Payable Paid | ₹ 20,000 |
| Long term Debt Paid | ₹ 30,000 |
| Received cash from trade receivables | ₹ 40,000 |
The solution of Question 17 Chapter 4 of +2-B: –
Solution: – (a)
| Current Ratio | = | 1.5 : 1 |
| Current Ratio | = | Current Assets |
| Current Liabilities |
| 2 | = | Current Assets |
| ₹ 1,00,000 | ||
| Current Assets | = | Current Liabilities X 2 |
| = | ₹ 1,00,000 X 2 | |
| Current Assets | = | ₹ 2,00,000 |
| Particular |
Current Assets ₹ | Current Liabilities ₹ | |
| Trade Payable Paid ₹ 20,000 | 2,00,000 | 1,00,000 | |
| Long term debt paid ₹ 30,000 | 30000 | 20000 | |
| Received cash from trade receivable ₹ 40,000 | 40000 | ||
| Received cash firm trade receivable 40,000 | 40000 | ||
| Revised current ratio = 150000/80000 = 1.875:1 | 15,00,00 | 80,000 | |
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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
