# Question 17 Chapter 4 of +2-B – USHA Publication 12 Class

Q-17- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 17 Chapter 4 of +2-B

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

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## Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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